May 21, 2021/Proshare by FBNQuest Research The DMO held its monthly auction of FGN bonds on Wednesday. It offered its regular NGN150bn, raised NGN175bn (USD430m) and secured a total bid of NGN282bn. The marginal rates on the ten and 15-year benchmarks rose by 85bps and 66bps from the previous month […]
Updates
Federal Reserve Chair Jerome H. Powell outlines the Federal Reserve’s response to technological advances driving rapid change in the global payments landscape
May 20, 2021/US Federal Reserve Technological advances are driving rapid change in the global payments landscape. The Federal Reserve is studying these developments and exploring ways that it might refine its role as a core payment services provider and as the issuing authority for U.S. currency. “As the central bank […]
NEC Receives Sovereign Investment Reports Showing Significant Income, Net Asset Growth
*Council welcomes Digital Switch Over starting in Lagos, Kano & Rivers States May 20, 2021/OVP The Nigerian Sovereign Investment Authority (NSIA) has recorded a 343% growth in Total Comprehensive Income totalling N160.06 billion in 2020 compared to N36.15 billion in the previous year and 33% growth in Net Assets, rising up to […]
