NIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion…

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In the just concluded week, CBN repaid matured T-bills worth N180.36 billion while N72.50 billion was auctioned via OMO, resulting in total net inflows of N107.86 billion. Also, the Federation Account Allocation Committee (FAAC).

FAAC shared N676.41 billion among the FG, States and LGAs for the month of July. Hence, given the financial system liquidity boost, NIBOR moderated for all the tenor buckets. NIBOR for overnight funds, 1 month, 3 months and 6 months crashed to 5.08% (from 19.33%), 3.55% (from 4.91%), 3.91% (from 4.29%) and 4.13% (from 4.44%) respectively.

Meanwhile, NITTY rose for most maturities tracked amid renewed bearish activity: yields on 1 month, 3 months and 6 months maturities increased to 1.04% (from 1.02%), 1.32% (from 1.19%) and 1.47% (from 1.45%) respectively. However, the yield on 12 months maturity moderated to 2.92% (from 3.01%).

In the new week, T-bills worth N480.09 billion will mature via the primary market which will outweigh T-bills worth N197.59 billion to be auctioned by CBN via the primary market; viz: 91-day bills worth N20.37 billion, 182- day bills worth N31.75 billion and 364-day bills worth N145.47 billion. Hence, we expect the stop rates of the issuances to decline amid demand pressure.

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NIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion... - Brand SpurNIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion... - Brand Spur

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NIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion... - Brand SpurNIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion... - Brand Spur

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The Trade Desk Appoints Benson Ho as Senior Vice President, North Asia

SHANGHAI, CHINA - Media OutReach - 22 January 2021 - Global advertising technology leader, The Trade Desk, today announced the appointment of Benson Ho as Senior Vice President of North Asia. In this role, Ho will lead the company's business and growth strategy in the North Asia region, covering Greater China, South Korea and Japan. Ho will report to Tim Sims, Chief Revenue Officer.

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 NIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion... - Brand Spur

 

Ho brings vast leadership experience in the Asian media industry, most recently as Chief Data Strategy Officer at Tencent Marketing Solution, an important early inventory partner of The Trade Desk in China. Prior to that, he served as Amnet's chief consultant and programmatic expert to Dentsu Aegis Network. He has also served in senior leadership positions at Sizmek, GroupM and Digitas.

 

"One of The Trade Desk's biggest priorities is Asia, and with Benson joining our team, we're confident he will help accelerate our growth strategy in the region," said Tim Sims, Chief Revenue Officer, The Trade Desk. "Benson brings experience and expertise of data-driven advertising, as well as his invaluable relationships with key partners and advertisers, that are specific and unique to the Asian market. I look forward to partnering with Benson as we execute our next phase of growth in the region."

 

"I am delighted to join The Trade Desk and build on the success the company has had in North Asia," said Ho. "The advertising industry is at a turning point right now, and there's enormous opportunity for brands to leverage global best practices and connect with consumers in new ways. It's very exciting to be a part of the team that's delivering a unique solution and expertise to global advertisers in the region."


About The Trade Desk

The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, NIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion... - Brand SpurTwitter, and LinkedIn. 

 

NIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion... - Brand Spur

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- Advertisement -NIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion... - Brand SpurNIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion... - Brand Spur