March 11, 2019/NSE Following Lafarge Africa PLC (“Lafarge Africa” or “the Company”) Rights Issue of 7,434,367,256 ordinary Shares of 50 Kobo each on the basis of Six (6) ordinary shares for every Seven (7) ordinary shares held as at December 4, 2018 at N12.00 per share on which opened on […]
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Money Market Rate Decreased As Overnight Rate Fell To 10.08%
Culled—Proshare March 11, 2019/Anchoria Research Money Market The money market rate decreased significantly last week as the Overnight rate (OVN) and Open Buy Back (OBB) fell to 10.08% and 9.17% respectively. Consequently, the average money market rate fell by 7.25% to settle at 9.63% due to the increase in the […]
Increased OMO Mop-Ups by CBN Drive T-Bills Average Yield up to 13.5% as PMA Holds this Wednesday
Culled—Proshare March 11, 2019/ Afrinvest Research The bullish sentiment in the Treasury Bills (“T-Bills”) secondary market was reversed last week (after two weeks) as the Apex bank increased its frequency of liquidity controls via Open Market Operation (“OMO”) auctions albeit offering only short- and mid-tenor bills. Consequently, average yield across […]
