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May 20, 2018
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The foremost banking institute in Nigeria, the Chartered Institute of Bankers of Nigeria(CIBN) today marked another significant moment of its existence with the inauguration of its 20th President Dr Uche Messsiah Olowu.
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May 19, 2018
On Tuesday, May 16, 2018, Nigeria’s budget was passed by the upper chamber. Apart from a 6% increase in the initial quantitative value from N8.6 trillion to N9.12 trillion, coupled with a change in the oil benchmark from $45 to $51 per barrel, there were no significant material changes to the budget.
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May 19, 2018
The NASD OTC Market ends the week with a decrease in market metrics, as the NASD USI decreased by 1.48%, closing at 675.43 points (as against 685.62 points last Friday). Consequently, total market capitalization shed 1.48% this week, closing lower at ₦457.08 billion compared to ₦463.96 billion last Friday.
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FMDQ Fixings Data (Delayed by 24 Hours)
as at May 17, 2018
Tenor Rate (%) Change (%)
O/N 14.15 Proshare-10.10
1M 14.0436 Proshare-0.70
3M 14.8987 Proshare-0.62
Tenor Rate (%) Change (%)
1M 12.3713 Proshare-0.26
3M 12.4817 Proshare-0.05
6M 12.7808 Proshare0.46
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May 17, 2018
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April 2018 Headline Inflation Month-on-Month %Chan
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