Culled—Proshare June 4, 2018/Zedcrest Capital ***CBN Sells $155m to Boost FX Liquidity*** Bonds The bond market traded on a slightly bearish note, with some sell mostly on the 2034s and 2037s. Yields consequently rose by c.6bps on average, as traders maintained a relatively risk off posture, especially on the longer […]
Investors Bite
Stocks Halt 11-Day Losing Streak, NSEASI Inch Up 0.36% on Bargain-Hunting in Banking Counters
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The equities market on Monday halted an 11-day losing streak, with the Nigerian Stock Exchange (NSE) all-share index (ASI) inching up by -0.36 percent to 36,947.10 points, following bargain-hunting in banking stocks, according to Cordros daily market update. The report says the Month-to-Date and Year-to-Date […]
FMDQ unveils critical Clearing Infrastructure
June 4, 2018/FMDQ FMDQ positions to bolster liquidity and financial system stability in Nigeria through the establishment of first-class central clearing and settlement structure The Nigerian fixed income and derivatives markets have hitherto experienced slow growth due to sustained counterparty, credit and settlement risks. Being Africa’s largest economy, the development […]
