Culled—Proshare November 18, 2019 By FBNQuest Research Fx outflows of US$6.15bn through the CBN in August were the highest since September 2018. The commentary in its latest Monthly Report highlights a 32.5% increase in interbank utilization. We see from separate data from the markets that the CBN supplied US$1.83bn to […]
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SEPLAT Names Roger Brown CEO as Austin Avuru Retires July 2020
November 18, 2019/NSE Seplat Petroleum Development Company PLC (“SEPLAT”) has announced that her pioneer Managing Director and later CEO, Mr. Austin Avuru will be retiring in July 2020 after 10 years of leading the company. In these 10 years, Mr. Avuru led the development of a strong organization, the deployment of agile […]
The Bulls Take Center Stage as Average NT-Bills Yield Dips to 10.9% WoW
Culled—Proshare November 18, 2019 By Afrinvest Research Last week, the Nigerian Treasury Bills (“NT-Bills”) secondary market activity reversed its bearish stance from the previous week as a result of the sustained demand by local investors. Demand in “NT-Bills” intensified as unfilled bids from the Primary Market Auction (“PMA”) and maturities from […]
