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Tuesday, 15/04/2014

Wednesday, 16/04/2014

Thursday, 17/04/2014

Tuesday, 22/04/2014

 

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Wednesday, April 23 today 2014

|Economy|
FG moves to attract fresh oil & gas investments: The Federal Government on Tuesday inaugurated the organising committee for the 2014 Oil and Gas Trade and Investment Forum, with a mandate to attract more investments to the oil and gas sector. The Minister of State for Industry, Trade and Investment, Dr. Samuel Ortom, revealed that the forum will be held at the Onne Oil and Gas Free Trade Zone.  Source: Punch

Unilever renews investment drive with $150m plant in Nigeria: Several years after it halted the expansion of its operation in the country, Unilever has renewed its investment drive in Nigeria with an expansion strategy that will inject about $150 million (N24 billion) into a new plant. Discussions on the new investment have already commenced, and the new plant is expected to come on stream before the end of the year. Source: Thisday

|Infrastructure|
Sepco-Pacific to spend $25m on Olorunsogo power plant: Sepco-Pacific Partners Limited, the new owner of the Olorunsogo Power Plant, has disclosed that the company will spend $25m on the maintenance and replacement of transformers at the plant. Sepco-Pacific Chairman, Dr. Deji Adeleke, explained that the company had engaged a Chinese firm, Huafeng Electric Power Technology Engineering Company, as the operation and maintenance operators for the plant. Source: Punch

Niger to build N1.3b mall in Minna: The Niger State government said on Sunday that it is to spend N1.3 billion in the construction of a new mall at the site of the old Central market in Minna, the state capital. The Director-General, Directorate of Special Projects, Alhaji Hassan Nuhu, revealed that the project was conceived as part of efforts to enhance socio-economic activities in the state. He also explained that the state government and a firm, Messrs MBHH Nig. Ltd, had signed a Memorandum of Understanding on the project, which is expected to be completed in November 2014. Source: The Guardian

THE NIGERIAN STOCK EXCHANGE
 
Current
Previous
% Change
All Share Index
39,408.33
39,311.60
0.25
Market Cap. (NGN'tn)
12.83
12.92
(0.70)
Market Cap. (US$'bn)
82.39
82.96
(0.70)
Value Traded (NGN'bn)
4.95
5.69
(13.01)
Volume Traded (#'bn)
372.43
788.93
(52.79)
Number of Deals (#)
4,984
4,385
13.66
Top Gainers
% Change
Top Losers
 
RTBRISCOE
7.50
NEIMETH
(9.52)
PZ
4.99
UBCAP
(7.69)
ETERNA
4.99
STERLNBNK
(5.00)
ACCESS
4.96
SEPLAT
(5.00)
CBN - WDAS (US$'mn)
 
Current
Previous
(%) Change
Amount Offered
400.00
400.00
-
Amount Demanded
ND
ND
-
Amount Sold
250.86
375.83
(33.25)
CBN US$/NGN Rate
155.73
155.73
-
CBN €/NGN Rate
215.15
215.89
0.34
CBN £/NGN Rate
262.03
261.79
(0.09)
Sovereign Debt Yields (T-Bills & Bonds)
Tenor
Current
Previous
Last 30 Days
1M
10.77
10.77
11.69
3M
11.10
11.10
12.72
3Y
13.19
13.19
13.42
5Y
13.15
13.15
13.53
7Y
13.26
13.26
13.59
10Y
13.36
13.36
13.58
20Y
13.42
13.42
13.51
NIBOR (%)
Call
10.9200
10.8800
10.7500
7-Days
11.2500
11.2100
10.9500
30-Days
11.5000
11.4600
11.3800
90-Days
12.1300
12.1300
11.9600
365-Days
12.7100
12.7100
12.5400
CRUDE OIL (US$/Barrel)
Brent Crude
109.95
109.60
107.76
OPEC Basket
105.53
106.06
105.24
Bonny Light
113.60
109.70
110.50
* denotes delayed data as such data not released on daily basis ND denotes Not Disclosed

|Other News|
External trade volume up by 5.9 %: The National Bureau of Statistics has revealed that Nigeria’s total foreign trade volume has grown by 5.9 percent. The increase in foreign trade was driven by a 30.4 percent rise in the value of imports from N1.59 trillion in the second quarter of 2013, to N2.08 trillion in the third quarter of 2013. Source: The Guardian

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