It was a rather quiet on the Exchange last week. Prices of all commodities remained the same except Sorghum and cocoa. As a result of the price movement in the open market, there was also a reflective decline in the price of Paddy Rice.
The Nigerian Treasury Bills ("NT-Bills") secondary market reversed its bullish run last week, as investors took advantage of price appreciations in the proceeding weeks. Consequently, yields in the market gained 18bps W-o-W on average to close at 5.38% (from 5.20% the previous week).
Proshare foundation, as part of its agenda of women empowerment in collaboration with the Redeemed Christian Church of God, Victory Chapel, Magodo, Lagos, organized a training workshop for 30 female entrepreneurs. It was an opportunity for capacity-building and knowledge-sharing for the women to upscale their businesses.
Proshare, a digital financial information hub focused on bridging the information gap between investors and markets through the development and deployment of credible, reliable and timely news, data, research " analysis, is set to host stakeholders during its Virtual Online Trading Webinar scheduled to hold on November 03, 2021, from 10am WAT.
Over the last three quarters of 2021, global Central Banks have been pressed to form a counterbalance to the gradual loss of monetary control in their domestic economies as blockchain-based cryptocurrencies went on the ascendency as a means of payment and settlement. Nevertheless, with global Central Banks designing and deploying Central Bank Digital Currencies (CBDCs), things are pivoting in new directions but with additional uncertainty.