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Viable Commodities Exchange Will Provide Forex Earnings – SEC

May 21, 2019/SEC In a bid to ensure that Nigeria realizes its full potentials in the Commodities market as well as boost foreign exchange earnings, , the Securities and Exchange Commission, SEC has emphasized the need to have a vibrant Commodities Exchange in the country. This was disclosed by Acting […]

Q1 2019 GDP: Slower Growth, but Vitals Still Good

20/5/2019/Coronation  Report Q1 2019 GDP was reported today at +2.01% y/y versus the Bloomberg consensus estimate of +2.54% y/y. This was lower than the +2.38% y/y growth reported for Q4 2018. Q1 2019 non-oil growth was +2.47% y/y compared with +2.70% y/y for Q4 2018. The growth rate has slowed […]

Debut 30-Year FGN Bond Oversubscribed At April Auction

Culled—Proshare May 2, 2019/DMO   Investors keenly contested for the N20 billion 30-year FGN Bond offered by the Debt Management Office (DMO) at the April 2019 FGN Bond Auction. For the first time the DMO introduced the 30-year FGN Bond into the market at the April 2019 FGN Bond Auction which held […]