It also assured that the bonds were backed by the full faith and credit of the federal government and charged upon Nigeria’s general assets.
The upturn was impacted by gains recorded in medium and large capitalised stocks.
The tax charge represents an increase over the sum of N50 billion recorded in 2019.
The market closed negative with 19 laggards against 17 gainers.
On the other hand, Smart Products drove the gainers’ chart in percentage terms, gaining 10 per cent to close at 22k per share.
Analysts attributed the persistent lull to increasing rates in the fixed income market.
In all, the total volume of trades decreased by 59.1 percent as investors bought and sold 222.57 million shares valued at N5.39 billion.
The training became necessary as it expected Ponzi schemes to be more prevalent.
The loss was driven by price depreciation in large and medium capitalised stocks.
The world cannot be moving forward and we will be static, the SEC official said.
