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.
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.
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.