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Tuesday, 05/08/2014

Monday, 11/08/2014

Tuesday, 12/08/2014

Monday, 18/08/2014

 

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Thursday, August 28 today 2014
 

|Economy|
Nigerian-British chamber targets £20bn bilateral trade in 2020: The Nigerian-British Chamber of Commerce (NBCC) has said that the current trade between Nigeria and Britain, which grew to £8 billion from £4 billion, could reach as high as £20 billion if the governments of the two countries continue to encourage businesses and remain proactive. The President of the chamber and chairman of the council, Adeyemi Adefulu, explained that with the right policies in place, products and services should be moving daily between the two countries. Source: Businessday

Contributory pension assets rise to N4.4tn: The total pension assets under the Contributory Pension Scheme rose to N4.4tn at the end of June, with 6.12 million workers registered under the plan. Figures obtained from the National Pension Commission showed that N637.8bn and N55.8bn, or 14.4 percent and 1.2 percent of the total assets, were invested in domestic ordinary shares and foreign ordinary shares, respectively. Source: Punch

|Banking|
Access Bank Targets 20% Loan Growth in 2014: Access Bank Plc has disclosed that  it expects its loan book to grow by 20 percent in 2014, after a 17 percent rise in the first half of the year. This is expected to be driven by increased lending to its corporate and investment banking customers. Access Bank's loan book stood at N811 billion in 2013, up by 33 percent from 2012. Source: Thisday

|Corporate|
Ford gives conditions for establishing factory in Nigeria: Ford Motor Corporation says it has not foreclosed the establishment of an automobile assembly plant in Nigeria, but insists that the conditions must be right for it to do so. One of the conditions, is for the country to have a free-trade agreement with its neighboring nations to ensure free movement and unhindered market for all locally produced vehicles and other goods within the West African region. Source: Punch

THE NIGERIAN STOCK EXCHANGE
 
Current
Previous
% Change
All Share Index

41,121.12

41,122.65

(0.00)
Market Cap. (NGN'tn)
13.57
13.58
(0.07)
Market Cap. (US$'bn)
87.14
87.20
(0.07)
Value Traded (NGN'bn)
3.93
1.91
105.76
Volume Traded (#'bn)
387.60
167.13
131.92
Number of Deals (#)
4,795
4,368
9.78
Top Gainers
% Change
Top Losers
 
BETAGLAS
10.17
MRS
(4.99)
7UP
9.70
FO
(4.98)
STERLNBANK
5.69
CONOIL
(4.90)
NASCON
4.98
BOCGAS
(4.86)
CBN - WDAS (US$'mn)
 
Current
Previous
(%) Change
Amount Offered
400.00
350.00
14.28
Amount Demanded
ND
ND
-
Amount Sold
398.78
349.68
14.04
CBN US$/NGN Rate
155.73
155.73
-
CBN €/NGN Rate
205.48
205.64
0.07
CBN £/NGN Rate
258.12
258.37
0.09
Sovereign Debt Yields (T-Bills & Bonds)
Tenor
Current
Previous
Last 30 Days
1M
9.90
9.90
11.00
3M
9.90
10.02
10.61
3Y
11.31
11.29
13.30
5Y
11.22
11.23
13.30
7Y
11.36
11.22
13.32
10Y
11.85
11.80
13.41
20Y
12.31
12.31
13.42
NIBOR (%)
Call
11.2500
11.1300
10.7500
30-Days
12.5200
13.0100
11.3800
90-Days
13.4100
14.0600
11.9600
180-Days
14.2100
14.7100
11.9600
CRUDE OIL (US$/Barrel)
Brent Crude
102.65
102.29
108.12
OPEC Basket
99.82
99.09
104.95
Bonny Light
101.00
101.00
111.40
* denotes delayed data as such data not released on daily basis ND denotes Not Disclosed

|Other News|
Nigeria conducts $600m transactions via mobile money in two years: The Minister of Communications Technology, Dr. Omobola Johnson has disclosed that between 2012 and now, about $600 million worth of transactions have been carried out through the mobile money platform in Nigeria. She revealed that  there are over 18 mobile money operators registered in Nigeria by the Central Bank of Nigeria since the commencement of operations, with over one million subscribers and about 67,000 registered agents across the country. Source: TheGuardian

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