The bond market traded on a slightly bearish note, with some sell witnessed on the 2021 and 2027 bonds. Yields consequently rose by 8bps to 13.38% on average.
NASD closed its trading day on Friday 19, January, 2018 higher compared to last Friday. The Market Capitalisation increased 2% this week, closing higher at N415.33 billion against N405.62 billion previously.
The Central Bank of Nigeria was established through the 1958 act, over the years such act has experienced series of amendment so as to be in tandem with the evolving financial land scape. Presently the bank is adjudged on the 2007 act, which clearly specifies the banks mandate to ensure growth and price stability.