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January 6, 2020

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Fed focuses on repo market exit strategy after avoiding year-end crunch

Market NewsBy Samuel ObayomiJanuary 6, 2020

Repurchase agreement (repos) is one of the main drivers of the US Financial System. The cost of some overnight loans increased to 10%, more than four times the benchmark rate in 2019. This has led to Injections of billions of dollar into repo market by the US Federal Reserve Bank to boost liquidity which is…

Daily financial market update 2020 JAN 03

Daily Market ReportBy Samuel ObayomiJanuary 6, 2020

Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.38% to 26,968.79 Index Points and N13.020Tr respectively. Year-to-Date ASI is now at a positive of 0.47%. No of trade and Volume of trade both increased by 91.03% and 130.54% to 6071 No of trade and…

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