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MONEY MARKET
CBN plans N410bn bonds sale in Q2
Saturday, 25 May 2013 06:47
The Debt Management Office (DMO), has said the Central Bank of Nigeria (CBN) may sell as much as N410 billion worth of bonds during the second quarter of this year.
In line with keeping to its core values of Service, Passion, Innovation, Resilience and Team Work, (S.P.I.R.I.T), Keystone Bank Limited has said availed the Media opportunity for capacity Building at the School of Media and Communication (SMC) Pan African University Lagos Nigeria.
Transactions closed upbeat on the Nigerian Stock Exchange (NSE), as major performance indices in the market, All-Share Index appreciated by 765.12 points or 2.28 per cent to close on Friday at 34,301.37 while the market capitalization of the listed equities on the mainboard increased by 2.28 per cent to close at N10.978 trillion. Also, the Bloomberg NSE 30 Index appreciated by 35.77 points or 2.23% to close at 1,638.65.
The Asset Management Corporation of Nigeria (AMCON), has said the suggestion that the Corporation be wind up, credited to the International Monetary Fund (IMF), was misconstrued stating, that the continued existence of the Corporation does not constitute a “moral hazard” or fiscal risk to the financial system, because the Central Bank of Nigeria (CBN) ensures that banks lend in a prudential manner.
Nigeria’s major financial Institution, Guaranty Trust Bank Plc, has released its audited financial results for the December 2012 financial year to operators of the Nigerian Stock Exchange and reported a profit before tax of N103 billion, the highest for any Nigerian Bank.
The Nigeria Deposit Insurance Corporation (NDIC) has expressed its readiness to grant financial assistance to deserving primary mortgage banks (PMBs) and microfinance banks (MFBs) as part of its efforts at repositioning the sub-sector for greater performance of the financial services system.
