The DMO is set to auction a total of c.N100bn FGN bonds at the auction scheduled for tomorrow. Whilst we expect demand at the auction to be robust given the c.N351bn Jun 2019 bond maturity, we expect stop rates at the auction to still clear above the previous auction levels
Equities market closed today on a negative note, as NSEASI depreciated by 0.47% to close at 29,668.28 points as against 0.14% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -5.61%.
A brief illustration of the profile of the financial service sector as at December 2018 will show the danger being posed by the Nigerian insurance industry of today under the leadership of the current Commissioner of Insurance, Mr. Mohammed Kari.
As Nigeria seeks to deepen it's broadband space to expand digital and telecommunications services, VDT Communications is set to launch in July, 2019 it's retail data network "4G LTE Advanced Service" into the market.