
Adedayo Amzat
18.6K posts

Adedayo Amzat
@dayozilon
Observer in cyberspace, performer in real life.



Let me say this again: Full bid and Full offer still show how inefficient our market is. I do not understand why some are happy about this. It is not a thing of joy but something @ngxgrp should be working towards. Revamp the MM rules. Kudos to them for extending trading hours, but it is not enough.


The Chairman of the Presidential Committee on Fiscal Policy and Tax reforms, the amazing @taiwoyedele deserves a lot of accolades. Nigeria is turning the corner, and Taiwo's contributions to that turnaround have been phenomenal. Proud of you, Sir!



Some people ended April still planning. Our investors ended it with 97% YTD returns in Equity funds. Not a bad way to close the month, tbh.






Every night, banks lend money to each other. Until now, Nigeria had no single standardized public rate based on actual transactions to show what banks were really charging each other. CBN just launched one. It’s called the Nigerian Overnight Financing Rate (NOFR). It gets published regularly so the whole market can see it. Over time, this rate will influence how banks price everything from money market products to the interest you earn on deposits. When the number is public, pricing gets harder to hide. The US has SOFR (Secured Overnight Financing Rate). UK has SONIA (Sterling Overnight Index Average). South Africa has JIBAR (Johannesburg Interbank Average Rate). Nigeria now has NOFR.




Stanbic IBTC controls almost 30 percent of the entire equity fund market in Nigeria and returned 29.76 percent in Q1 2026, while Zedcrest, with less than 2 percent of the market, returned 51.86 percent in the same period.





