The bond market closed the week on a calmer note, with mixed trading witnessed throughout the session, as yields struggled to find new levels following the OMO rate cut by the CBN in the previous session.
In its relentless move to guarantee liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) segment of the market to the tune of $396.18million.
The apex regulator of the Nigerian capital and financial market, the Securities and Exchange Commission has called on Nigerians to exercise extreme caution on the use of “Crypto currency” as a vehicle of investments in the country.
CDC Group (“CDC”), the UK’s development finance institution, and Standard Chartered Bank (“Standard Chartered”) have today announced the signing of a memorandum of understanding for a supply chain finance programme that will increase financing for SME suppliers in Africa and South Asia, thereby boosting economic growth and trade opportunities.
Prior to the downturn, qualitative growth has largely been disconnected from its quantitative counterpart. Thus, as the business cycle began a reverse, the human development indices were heavily depressed; eventually blowing open a largely fragile index, as it quickly reaffirmed the position that growth for a long while has not been inclusive.