News

The Central Bank of Nigeria (CBN) hiked spot rate on one year treasury bills instrument sold to investors by 18 basis points at the primary market auction (PMA) last week. The latest uptick in spot rate is in contrast to pattern seen in the recent past with successive price down at the long dated treasury bills issuance.

IT Services Company, CWG Plc, experienced touch of an angel in the stock market last week with about 45% price appreciation over the last five trading sessions. The weekly rally placed CWG as top performer on the Nigerian Exchange.

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