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Announcements
Aug 30, 2010
SECURITIES TRADING SIMULATION (STS) GAME SEPTEMBER 17 - 19, 2010
The Financial Markets Dealers Association of Nigeria (FMDA) hereby invites nomination(s) from your institution for the Securities Trading Simulation (STS) Game scheduled for September 17 - 19, 2010, at The Dover Hotel, Plot 10, Road 16, Olubunmi Owa Street, Opposite Tantalizers, Lekki Phase 1, Lagos. ...more
Aug 13, 2010
SECURITIES TRADING SIMULATION (STS) GAME SEPTEMBER 17 - 19, 2010
The Financial Markets Dealers Association of Nigeria (FMDA) hereby invites nomination(s) from your institution for the Securities Trading Simulation (STS) Game scheduled for September 17 - 19, 2010, at The Dover Hotel, Plot 10, Road 16, Olubunmi Owa Street, Opposite Tantalizers, Lekki Phase 1, Lagos. ...more
Aug 09, 2010
INTERMEDIATE TREASURY MANAGEMENT COURSE (AUGUST 12 - 13, 2010)
Treasury is the nerve centre of the Bank or any other organization. With the recent developments in the Nigerian Financial Sector, financial institutions’ funds must be managed effectively to generate the kind of returns that the stakeholders are expecting in the face of global financial crisis, stiff competition, regulatory operations and inherent risk exposures. This calls for the need for a comprehensive knowledge of treasury in the management of risks, as borrowing sources and investment, and in the day to day running of the finances of the bank. The Treasurer and his\her entire staff must therefore have this common understanding of profitability, liquidity and safety of which the first two involve a trade off. Entry-level staff might not easily appreciate this. However, after one or two years in treasury, there is a need for a training that will further enhance their knowledge of the treasury function for the over all benefit of the organization. ...more
Tenor Swap Forward Fixings Date
Spot 151.0550 / 151.1550 06 Sep, 2010
30 Day 0.4138 / 0.4141 151.4688 / 151.5691 06 Sep, 2010
60 Day 1.1797 / 1.1805 152.2347 / 152.3355 06 Sep, 2010
90 Day 2.1870 / 2.1884 153.2420 / 153.3434 06 Sep, 2010
180 Day 5.0150 / 5.0184 156.0700 / 156.1734 06 Sep, 2010
Tenor Rate Chng Date
Call 1.1000 0.00 06 Sep, 2010
7 Day 1.5417 -0.04 06 Sep, 2010
30 Day 3.5417 -0.08 06 Sep, 2010
60 Day 4.9583 -0.10 06 Sep, 2010
90 Day 6.0833 0.00 06 Sep, 2010
Tenor Rate Chng Date
1 Month 1.4231 0.10 06 Sep, 2010
2 Months 2.1996 0.13 06 Sep, 2010
3 Months 2.3449 0.15 06 Sep, 2010
6 Months 2.8918 0.16 06 Sep, 2010
9 Months 3.2058 -0.10 06 Sep, 2010
12 Months 3.3430 0.03 06 Sep, 2010
Tenor Amount (N'millions) Rate Issue Date
91 Day 14,456.56 2.50 26 Aug, 2010
182 Day 30,000.00 3.50 26 Aug, 2010
1 Year 40,000.00 4.20 12 Aug, 2010