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October 22, 2018
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I have just finished my second reading of the Exposure Draft On The Regulation For The Operations Of Mortgage Guarantee Companies In Nigeria , Oct 19, 2018 and will like to make the following observations and suggestions:
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October 22, 2018
Moody's Investors Service has today affirmed First Bank of Nigeria Limited's (FBN) B2/Not Prime long-term and short-term local currency deposit ratings and the bank's B3/Not Prime long-term and short-term foreign currency deposit ratings. At the same time, the rating agency has affirmed FBN's B2/Not Prime long-term and short-term, local currency and foreign currency Counterparty Risk Ratings (CRR) and the bank's baseline credit assessment (BCA) and adjusted BCA at b3. Moody's changed the outlook on long-term ratings to stable from negative.
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October 22, 2018
The Securities and Exchange Commission, SEC has said that a more organized Commodities Exchange Market in the country would enhance efficiency and lead to economic growth and development.
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FMDQ Fixings Data (Delayed by 24 Hours)
as at Oct 18, 2018
Tenor Rate (%) Change (%)
O/N 13.5 Proshare-11.10
1M 13.5127 Proshare-0.61
3M 13.664 Proshare-0.28
Tenor Rate (%) Change (%)
1M 13.4286 Proshare0.16
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6M 13.3477 Proshare0.15
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Headline Inflation Increased by 11.28% in Sept
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