The average yield on fixed income instruments has seen a moderate increase and today, the Federal Government of Nigeria’s (FGN) bonds and Treasury bills yields spike while open market operation (OMO Bills) remained steady at 4.1%.

The Nigerian Content Development and Monitoring Board (NCDMB) says it has grown Nigerian content in the oil and gas sector to 42 per cent. Mr Simbi Wabote, Executive Secretary of NCDMB gave the update on Wednesday while speaking at a Local content workshop for the Judiciary in Bayelsa.