FCMB suspends issuance of N30bn commercial paper
FCMB Group Plc announced on Monday that the proposed issuance of commercial paper of up to N30 billion by one
FCMB Group Plc announced on Monday that the proposed issuance of commercial paper of up to N30 billion by one of its subsidiaries, First City Monument Bank Limited, has been suspended.
“This is as a result of the Nigerian Treasury Bills auction of Wednesday, 9 December 2020, which distorted price discovery,” it said in a notice obtained by Markets Reporters from the Nigerian Stock Exchange.
Our standardsReported and edited by the Markets Reporters newsroom. How we workUse of AISummaries, audio and Ask MR answers are generated from our reporting and labelled. Reporting and writing are human.CorrectionsSpotted an error? Tell us — we correct and note it.
Free newsletter
Get the market setup before 7am, every weekday.
More from FEATURED
See all →
FEATUREDDangote Cement Valuation Surges to N20trn for First Time
FEATUREDAfrican Fintech Giant Airtel Money Debuts on London Bourse with £5.3 Billion Valuation
FEATUREDUBA Overtakes Access to Become Nigeria’s Top Bank in Africa Ranking
FEATURED