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Superalgos is the go to hub for day traders – Luis Molina, CEO

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Luis Molina

The SA token is the native token of the Superalgos platform. It was recently launched on PancakeSwap, a decentralized exchange (DEX), under the ticker ‘SA’. The launch comes after four years of development with tens of thousands of downloads during the open beta phase as the community builds up liquidity pools for its native Superalgos token on the DEX.

Molina says, “Our token is a community token and it represents how much you have contributed to the project. The difference between the SA token and other tokens is that others use their token to incentivize security for their respective networks while we don’t need security for our network because our token runs on someone else’s network. What we do is we use 100% of the incentivization power of each token to incentivize contribution to the platform. In the first four years, the contribution was in the form of codes to the codebase to create these tools. We are transitioning to allowing people contribute trading intelligence in the form of indicators, strategies and also signals. The platform will be set up where people will be running bots which produces signals for traders and putting them in the Superalgos network for everyone to benefit.”

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Molina concluded by telling us more about the Superalgos application and how traders can benefit from the #1 platform on GitHub. He also gave hints about his top five cryptocurrencies. Click here to watch the full interview.

Source: NairaMetrics

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DMO Lists $4bn Eurobond on FMDQ Securities Exchange

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By Aduragbemi Omiyale

The $4 billion Eurobond issued by the federal government of Nigeria has been listed on the FMDQ Securities Exchange, Business Post has learned.

The debt securities were issued by the Nigerian government and sold to offshore investors by the Debt Management Office (DMO).

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In a statement dated Tuesday, January 25, 2022, the debt office noted that the bonds would also be listed on the Nigerian Exchange (NGX) Limited to provide “a diversified pool of financial offerings for investors.”

Last September, the DMO sold the $4 billion Eurobond in three tranches of 7 years of $1.25 billion due September 2028 at 6.125 per cent, 12 years of $1.50 billion due September 2033 at 7.375 per cent and 30 years of $1.25 billion due September 2051 at 8.250 per cent.

It was observed that the subscription level for the Eurobond was $12.2 billion, making it one of the continent’s most successful financial transactions of 2021.

The paper was sold to raise funds for the implementation of the 2021 Appropriation Act and it subsequently boosted the external reserves of the nation.

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“The Debt Management Office (DMO) listed the $4 billion Eurobond issued by the Federal Government of Nigeria (FGN) on the FMDQ Securities Exchange on January 25, 2022.

“It will be recalled that the Eurobond was issued on September 28, 2021, as part of the fund-raising for the implementation of the 2021 Appropriation Act. In order to manage the liability profile, it was issued in three (3) tranches of 7 years, 12 years and 30 years.

“The subscription level for the Eurobond was $12.2 billion, making it one of the continent’s most successful financial transactions of 2021.

“The Eurobond issuance shored up Nigeria’s foreign reserve, led to the appreciation of the Naira and provided significant capital to finance various projects across Nigeria under the 2021 Appropriation Act.

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“The Eurobond will also be listed on the Nigerian Exchange Limited. The listing on these two securities exchanges will enlarge their scope while also providing a diversified pool of financial offerings for investors,” the notice from the DMO stated.

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Business News

DMO Lists $4bn Eurobond on FMDQ Securities Exchange

Published

on

By Aduragbemi Omiyale

The $4 billion Eurobond issued by the federal government of Nigeria has been listed on the FMDQ Securities Exchange, Business Post has learned.

The debt securities were issued by the Nigerian government and sold to offshore investors by the Debt Management Office (DMO).

Advertisement

In a statement dated Tuesday, January 25, 2022, the debt office noted that the bonds would also be listed on the Nigerian Exchange (NGX) Limited to provide “a diversified pool of financial offerings for investors.”

Last September, the DMO sold the $4 billion Eurobond in three tranches of 7 years of $1.25 billion due September 2028 at 6.125 per cent, 12 years of $1.50 billion due September 2033 at 7.375 per cent and 30 years of $1.25 billion due September 2051 at 8.250 per cent.

It was observed that the subscription level for the Eurobond was $12.2 billion, making it one of the continent’s most successful financial transactions of 2021.

The paper was sold to raise funds for the implementation of the 2021 Appropriation Act and it subsequently boosted the external reserves of the nation.

Advertisement

“The Debt Management Office (DMO) listed the $4 billion Eurobond issued by the Federal Government of Nigeria (FGN) on the FMDQ Securities Exchange on January 25, 2022.

“It will be recalled that the Eurobond was issued on September 28, 2021, as part of the fund-raising for the implementation of the 2021 Appropriation Act. In order to manage the liability profile, it was issued in three (3) tranches of 7 years, 12 years and 30 years.

“The subscription level for the Eurobond was $12.2 billion, making it one of the continent’s most successful financial transactions of 2021.

“The Eurobond issuance shored up Nigeria’s foreign reserve, led to the appreciation of the Naira and provided significant capital to finance various projects across Nigeria under the 2021 Appropriation Act.

Advertisement

“The Eurobond will also be listed on the Nigerian Exchange Limited. The listing on these two securities exchanges will enlarge their scope while also providing a diversified pool of financial offerings for investors,” the notice from the DMO stated.

Continue Reading