Notes to the Financial Statements

for the year ended March 31, 2009

4. Trading Securities

	The Group		The Bank
	2009 N'million	2008 N'million	2009 N'million	2008 N'million
FGN Bond Series	137,027	78,251	137,027	78,251
FGN Contractor Bond	-	1,061	-	1,061
FGN Pension Bond	14,084	14,084	14,084	14,084
	151,111	93,396	151,111	93,396
Investment in quoted securities
Market value – N2.2billion (2008 – N8.436 billion)	4,935	7,319	-	-
Provision for diminution in value (note 4.1)	(2,699)	(50)	-	-
	2,236	7,269	-	-
	153,347	100,665	151,111	93,396

 

4.1 Provision for diminution in value

	The Group		The Bank
	2009 N'million	2008 N'million	2009 N'million	2008 N'million
At April 1	50	50	-	-
Additions for the year (note 33)	2,649	-	-	-
At March 31	2,699	50	-	-