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Wednesday, April 23 today 2014 |
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|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 $25m on the maintenance and replacement of transformers at the plant. Sepco-Pacific Chairman, Dr. Deji Adeleke, explained that the company had engaged a Chinese firm, Huafeng Electric Power Technology Engineering Company, as the operation and maintenance operators for the plant. Source: Punch
Niger to build N1.3b mall in Minna: The Niger State government said on Sunday that it is to spend N1.3 billion in the construction of a new mall at the site of the old Central market in Minna, the state capital. The Director-General, Directorate of Special Projects, Alhaji Hassan Nuhu, revealed that the project was conceived as part of efforts to enhance socio-economic activities in the state. He also explained that the state government and a firm, Messrs MBHH Nig. Ltd, had signed a Memorandum of Understanding on the project, which is expected to be completed in November 2014. Source: The Guardian |
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THE NIGERIAN STOCK EXCHANGE |
|
Current |
Previous |
% Change |
All Share Index |
39,408.33 |
39,311.60 |
0.25 |
Market Cap. (NGN'tn) |
12.83 |
12.92 |
|
Market Cap. (US$'bn) |
82.39 |
82.96 |
|
Value Traded (NGN'bn) |
4.95 |
5.69 |
|
Volume Traded (#'bn) |
372.43 |
788.93 |
(52.79) |
Number of Deals (#) |
4,984 |
4,385 |
|
|
Top Gainers |
% Change |
Top Losers |
|
RTBRISCOE |
7.50 |
NEIMETH |
(9.52) |
PZ |
4.99 |
UBCAP |
(7.69) |
ETERNA |
|
STERLNBNK |
(5.00) |
ACCESS |
4.96 |
SEPLAT |
(5.00) |
|
CBN - WDAS (US$'mn) |
|
Current |
Previous |
(%) Change |
Amount Offered |
400.00 |
400.00 |
|
Amount Demanded |
ND |
ND |
- |
Amount Sold |
|
|
(33.25) |
CBN US$/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 |
|
|
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 |
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* denotes delayed data as such data not released on daily basis
ND denotes Not Disclosed |
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|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 |
CBO Research
E: research@cbocapital.com
T: +234 (0) 1 730 5631
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This report has been issued and approved by CBO Capital Partners Limited (“CBO Capital”). This report is based on information from various sources that we believe are reliable; however, no, representation is made that it is accurate or complete. While reasonable care has been taken in preparing this document no responsibility or liability is accepted for errors or fact or for any opinion expressed herein. This document is for information purposes only. It does not constitute any offer or solicitation to any person to enter into any trading transaction. This report is provided solely for the information of clients of CBO Capital Ltd. who are expected to make their own investment decisions. Other persons should not rely on this document. CBO accepts no liability whatsoever for any direct onsequential loss arising from any use of this report or its contents. This report is for private circulation only. This report may not be reproduced distributed or published by any recipient for any purpose without prior express consent of CBO. |
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