The FGN Bond market traded on a relatively flat note, with slight demand on the short end of the curve compressing yields marginally by c.2bps on the day. We also witnessed slight buys on the 2037s with trades at c.14.14%.
Nigeria’s Equities Market closed the month of February 2019 in green as NSEASI inched up by 3.81% as against -2.78% loss recorded in the month of January 2019 while the NASD USI closed in red with -0.95% loss recorded at the end of the month under review as against 0.21% gain in January 2019.
In recent years, there seems to be a sense of urgency for banks to go digital and expand into new communication channels. In ten years time, physical brick and mortar banking might not be the preference of the majority of customers.