Funding rates to hover around current levels next week barring any significant flows.
The market was brought to its knees as coronavirus pandemic outweighed a $2 trillion U.S. stimulus package passed by the American Senate yesterday.
A few weeks ago, many news media organizations published articles on the plan by FGN to borrow a whopping N2 trillion from the pension funds.
Nigeria's equity market in the last 5-month, has experienced significant drop in its trading. This is according to data from the NSE.
The performance of the Nigerian Equity Market was bearish last week with the index (NSE ASI) down by 2.84% WTD to close at an index level...