WorldStage Newsonine– FCMB Group Plc on Monday notified the Nigerian Stock Exchange (NSE) and shareholders that the proposed Commercial Paper Issuance by one of its subsidiaries, First City Monument Bank Limited has been suspended.
FCMB Group in a notification for the NSE and its shareholders on Monday signed by Olufunmilayo Adedibu (Mrs), Company Secretary, said the suspension was as a result of distorted price discovered at the Nigerian Treasury Bills auction of Wednesday, 9 December 2020.
WorldStage earlier reported that First City Monument Bank Limited issued a N30 billion Commercial Paper (CP) under its N100 billion CP programme to serve as an additional funding source for the bank.
