A growing number of financial sector stakeholders are calling for an improvement of the flows of private capital into Nigeria. Coronation Merchant Bank as part of its advocacy supporting Nigeria's quest to become a leading destination for private capital investments, hosted its "Coronation Conversations" which centred on the theme "Capital Mobilization through the Private Markets".
A Federal High Court sitting in Abeokuta has granted an interim order restraining the federal government from taking over the unclaimed dividends of shareholders in the capital market estimated to be over N200 billion. The order followed a suit instituted by shareholders under the aegis of Palm Wealth Shareholders Association (PWSA).
In the Nigerian Treasury Bills ("NT-Bills") secondary market last week, average yield marginally dipped 2bps W-o-W to close at 6.80% from 6.82% the previous week, sustaining the bullish run. Demand on mid-and long-dated maturities fueled the performance as average yields contracted 1bp and 7bps W-o-W respectively.