The average money market rate rose marginally last week by 0.54% to settle at 3.42% from 2.88% in the previous week. This is attributable to the outflows from FGN Bond worth N100.00 billion during the week.
In the area of economic management and reforms, I must once again congratulate the Honourable Minister and her team for effective coordination of the finance, budget and national planning portfolios, working closely with other arms of government especially the National Assembly, to achieve:
Eterna Plc is pleased to announce that the criminal case instituted in 2012 by the Economic and Financial Crimes Commission (EFCC) against Eterna Plc, Mahmud Tukur and several other persons has been struck out.
Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019 TEF Entrepreneurship Programme.
The performance of Nigeria's major equity market, the Nigerian Stock Exchange (NSE), has been patchy, good at some periods and bad at others, the Exchange's performance has closely mirrored that of the growth of the country's GDP.
The escalation of financial crime is not far behind the double-digit growth of digital payments. CredoLab's senior vice president, Tarun Kumar Kalra, says, "Rapid expansion of digital channels, exploding growth in the number and types of devices, and reduced customer face time are making financial service providers vulnerable to online fraudulent activities."