The naira falls again, albeit slightly in the foreign exchange (FX) market, as data showed that inflows dipped. Demand for foreign currency increased in the forex market amidst subdued liquidity.

The Nigerian Exchange (NGX) market capitalisation lost by more than N21 billion due to sell pressure on MTN Nigeria, PZ Cussons and Jaiz Bank among others.

The Impact Investors Foundation (IIF), in collaboration with Kuramo Capital Management, on Tuesday in Lagos, introduced the Wholesale Impact Investment Fund (WIIF) to Pension Fund Administrators (PFAs) alongside other pension stakeholders and regulator.

In the secondary market, fixed interest securities investors continue to heat up trading activities on Nigerian Treasury bills

Money market rates declined further as robust liquidity balance in the financial system continued to keep the short term benchmark interest rates movements in check. The market witnessed additional inflows from matured OMO bills, while there was also an outflow related to FX auction.

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