Fund of funds, missing link in Nigeria’s mutual fund industry
SEC has been doing its best to publish, as often as it can, a compilation of the Net Asset Values of Nigerian mutual funds.
A review of the NAV Summary Report has disclosed that Nigerian mutual funds attracted N520,418,401,269.22, in contributions in 2019.
The Nigeria Central Securities Clearing System (CSCS) Plc has introduced Regconnect, an easy-to-use information exchange web application.
The FG on Wednesday, 20, November 2019, through the DMO, would offer fresh FGN Bonds valued at N150 billion for subscription.
The Treasury Bills Auction of the Central Bank of Nigeria (CBN) held on Wednesday was fully subscribed.
The CBN has ordered all commercial banks and other financial institutions to ensure treasury bills are not sold to individuals and small firms.
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