The AFEX Commodities (ACI) Index composite experienced a downtick as it closed at 178.80 points in the week under review. The index performance reduced by 6.78% WtD. The downward trend was stimulated by the decline in prices of the commodities covered by the index.
The average money market rate fell significantly last week by 12.72% to settle at 2.60% from 15.32% in the previous week. This is attributable to the inflow from FGN Bond coupon payments worth N5.63 billion and OMO maturities worth N319.72 billion.
Equities market closed today on a positive note, as NSEASI appreciated by 0.19% to close at 25,316.15 points as against 0.40% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -5.68%.
The MD/ CEO of SIMTEC Nigeria Limited, Mr John Wesey, a management consultant, believes that COVID-19 has changed the living of people globally and there would be no return to an old normalcy after the ease of lockdown as the fear and anxiety of no Vaccine or cure for the virus would persist.
The GC Index has been described as a strategic tool that can enable organizations to fully embrace digital transformation seamlessly, that will bring efficiency and productivity to the system. Key stakeholders in the governance and finance disclosed this at a recent webinar organized by the Leading Edge Consulting limited.