The Securities and Exchange Commission has approved Nigeria's first naira-denominated Private Debt Fund in the name of FCMB-TLGThe Securities and Exchange Commission has approved Nigeria’s first naira-denominated Private Debt Fund in the name of FCMB-TLG Private Debt Fund.
At the close of transactions yesterday, the All-Share Index rose by 572.57 per cent, representing a gain of 0.58 per cent, to close at 99,793.71 points. Similarly, the overall market capitalisation value gained N324 billion to close at N56.452 trillion. Vetiva Dealings and Brokerage said: “Given the upbeat start to the week, we are cautiously optimistic that the bullish sentiment will filter into Tuesday’s session ahead of the public holiday on Wednesday.”
Champion Breweries and Unity Bank lost 6.67 per cent each to close at N2.80 kobo and N1.12 kobo respectively, while Wapic Insurance shed 2.86 per cent to close at 68 kobo. Currency in circulation has risen to N3.97 trillion at the end of May 2024, representing a 1.07 per cent increase over the previous month.