•Equities market rises 0.08%, inter-bank lending increases, inter-bank forex stable
The presidential assent to the establishment of Asset Management Corporation (AMC) on Monday has generated positive reaction as capital and money markets and investors showed renewed confidence by increasing their stakes.
Specifically, a major performance indicator – the All Share Index (ASI) - rose by 0.08 percent after a period of consistent decline and the inter-bank lending rates also rose.
Cowry Asset ...
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Added July 20, 2010
from Businessday Nigeria