The Association of Corporate Treasurers of Nigeria has commended the Central Bank of Nigeria for its prompt and efficient settlement of matured foreign exchange forwards.
“We believe that the timely settlement of matured FX forwards is crucial for our members and the broader business community. It allows our corporate treasurers to efficiently manage their foreign exchange risks and plan for their financial obligations.” “We extend our appreciation to the CBN for its dedication to improving the Nigerian financial landscape. We look forward to further collaboration and dialogue to address the challenges and opportunities faced by corporate treasurers in Nigeria.”Listings on the Nigerian Exchange Limited, NGX, crossed the N6 trillion mark at the end of October 2023.
The Exchange further disclosed that Lagos State Government remains the only sub-national entity to raise capital on the exchange as its debt issuances hit N157.15billion.This also comes amid the strong performance in the equity secondary market, as the All-Share Index of NGX crossed the 70,000 mark with a 36.67% YtD rise. Investors, both local and domestic continue to observe the market dynamics amid a drastic shift in monetary and fiscal policy.
‘‘This outstanding performance is a testament to our unwavering commitment to bolstering the growth and stability of the Nigerian capital market. It also reflects the positive sentiment prevailing within the ecosystem, in light of the pro-market stance of the new administration. As we diligently monitor both global and domestic economic shifts, our adaptability equips us to effectively navigate the complex financial markets landscape.
Onifade made this call during the panel discussion at the 2nd edition of the United Capital Securities’ Insurance CEO Breakfast Forum in Lagos. Speaking at the conference, Onifade emphasized the important role technology plays in bringing customers closer to insurance. The two revolutionary solutions, which are ‘D&B Finance Analytics’ and ‘D&B Risk Analytics’, are aimed at streamlining finance operations and reforming third-party risk management for companies, according to a statement.
Source: News Formal (newsformal.com)
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: TheNationNews - 🏆 6. / 69 Read more »
Source: thecableng - 🏆 2. / 80 Read more »