Culled—Proshare September 24, 2018/Afrinvest Research The bearish trend was reversed last week as demand returned to the secondary Treasury Bills (“T-Bills”) market on the back of persistent buoyant system liquidity and the reduction of OMO mop ups by the CBN. Thus, average rate across tenors contracted (1.6%) to close at […]
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Overnight Rate Falls to 4.75% as Money Market Rate Decrease Last Week
Culled—Proshare September 24, 2018/Anchoria AM Research Money Market The money market rate decreased last week as the Overnight rate (OVN) and Open Buy Back (OBB) fell to 4.75% and 4.00% respectively. Consequently, the average money market rate decreased by 6.96% to settle at 4.38% due to increase in system liquidity […]
NSE Suspends Trading in the Shares of Skye Bank
September 24, 2018/NSE The Nigerian Stock Exchange (“The Exchange” OR “NSE”) hereby notifies the investing public that the shares of Skye Bank Plc (“Skye Bank”) will be suspended from trading on the floor of The Exchange effective Monday, 24 September 2018. This action is taken following on the recent regulatory […]
