Money Market Funding Pressure Eased on OMO Repayment. At the money market, funding pressures eased slightly today, as open market operations (OMO) repayments of ₦92.5 billion hit the system.

FMDQ Exchange Admits Axxela’s ₦11.50bn Series 1 Funding Bond. The FMDQ Holdings has admitted the Axxela Funding 1 PLC ₦11.50 billion Series 1 Bond under its ₦50 billion Bond Programme platform.

NSE Warns Investors to Trade with Caution Shares of 13 Companies. The Nigerian Stock Exchange (NSE) has urged investors to trade with caution on the shares of 13 companies for failing to submit financial statements without any explanation

Access Bank to acquire 100% stake in Zambian Bank. As part of strategic efforts to deepen footprint in Africa, Access Bank Plc has announced plans to acquire 100% of Cavmont Bank Limited, a Zambia-based financial institution

Deregulation: It is unrealistic to continue subsidy – FG The Federal Government of Nigeria has said that it is unrealistic to continue with Petroleum Motor Spirit subsidy. Chief…

May & Baker: Equity Analysts Upgrade Stock on COVID-19 Advantage. May & Baker Nigeria (M&B Plc) was the first pharmaceutical firm to set up an anti-retroviral plant in Nigeria and the first to initiate local vaccine production.

Investors gain as NSE indicators rise further by 0.75%. Activities on the Nigerian Stock Exchange (NSE) on Wednesday extended gaining streak, with indices rising by 0.75 per cent on renewed investors’ interest.

FMDQ Securities Exchange posts ₦11.78 trillion turnover in May. FMDQ Securities Exchange has posted a turnover of ₦11.78 trillion in fixed income and currency (FIC) markets in May, 2020.

AMCON Takes Over Deap Capital Management & Trust Limited. The Asset Management Corporation, AMCON, has taken over the Deap Capital Management and Trust over an unpaid N1.6 billion debt.

Federal Tax Authority Extends Debt Payment to August .The Federal Inland Revenue Service