Treasury bills yield crashed by 48 basis points in May due to increase buying interest spurred by rates repricing in the primary market. The Central Bank of Nigeria (CBN) has made investment in Treasury bills lucrative for some individuals, corporates and especially deposit money banks.

FCMB Plc has indicated in its most recent regulatory filing on the Nigerian Exchange (NGX) that it expects the group profit after tax to reach N21.211 billion in the third quarter of the 2024 financial year.

The House of Representatives on Thursday in Abuja at plenary passed N98.5 billion supplementary budget for the Federal Capital Territory (FCT) 2024 statutory appropriation Act. The bill, which passed for second and third reading, was sponsored by the Chairman of House Committee on FCT, Rep. Aliyu Betera.