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Samuel Obayomi

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FCSL WEEKLY MARKET REPORT – 31ST JANUARY, 2020

Weekly ReportBy Samuel ObayomiFebruary 4, 2020

Global Economy –Rundown: The United State Federal Reserve left its key lending rate within the corridors of 1.50%-1.75%, while it upheld that at the current rate the Country’s economic expansion would be sustained, citing the strong job market and inflation rate clinching to the Federal Reserve rate of 2%. The Fed in agreeing to cap…

Daily financial market update 2020 FEB 03

Daily Market ReportBy Samuel ObayomiFebruary 4, 2020

Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 1.08% to 28,533.40 Index Points and N14.697Tr respectively. Year-to-Date ASI is still at a positive of 6.30%. Volume of trade and Value of trade both decreased by 27.83% and 25.07% to 251.592 Million and N3.152 Billion…

China Cuts Rates, Injects Liquidity as Mainland Markets Sink

Market NewsBy Samuel ObayomiFebruary 3, 2020

Interest rates are one of the main drivers of Chinese Economy. China’s Central bank injected 150 billion Yuan ($21.4 billion) using 7-day and 14-day reverse repurchase agreements while decreasing both 7-day & 14-day reverse repurchase agreements interest rates by 10 basis points. These should reduce the negative effect of spreading the Coronavirus. Bloomberg  

Daily financial market update 2020 JAN 30

Daily Market ReportBy Samuel ObayomiJanuary 30, 2020

Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.27% to 29,030.93 Index Points and N14.954Tr respectively. Year-to-Date ASI is still at a positive of 8.15%. Number of trade, Volume of trade and Value of trade all increased by 24.04%, 13.06% and 98.09% to 4411,…

Nigeria Records $4.7bn Impact Investment from 2015, Says Report

Market NewsBy Samuel ObayomiJanuary 30, 2020

Impact investment is one of the main drivers of Nigerian Economy. Nigeria recorded $4.7 billion inflow of impact investment from 2015 to date while the size of Ghana’s impact investment market is $1.2billion since 2015. This has led to positive impact on the Nigerian people and the environment while delivering goods that will contribute in…

Nigeria owes World Bank $9.81bn, says DMO

Market NewsBy Samuel ObayomiJanuary 30, 2020

Debt is one of the main drivers of Nigeria Economy. The total debt owed to the World Bank Group by Nigeria rose by $1.3bn in one year to $9.81bn while the total public debt rose to N26.22Tn as of September 2019. The debt office said new domestic borrowings this year (N1.59tn) would be raised through…

What CBN’s new CRR means for banks, economy

Market NewsBy Samuel ObayomiJanuary 30, 2020

Central Bank of Nigeria (CBN) policies is one of the main drivers of Nigerian financial system. CBN policy makers increased the Cash Reserve Ratio (CRR) to 27.5% while maintaining the Monetary Policy Rate (MPR) at 13.5%. These should reduce the amount of money available for banks to lend, essentially pressuring liquidity with a goal of…

Fed keeps rates steady, to tailor Treasury bill purchases later this year

Market NewsBy Samuel ObayomiJanuary 30, 2020

US Benchmark interest rate is one of the main drivers of US economy. US Federal Reserve maintained its benchmark overnight lending rate in the range of between 1.50% and 1.75% while raising interest rate paid to banks for excess reserves to 1.60%. These should lead to continued growth of the US economy. Reuters

Daily financial market update 2020 JAN 29

Daily Market ReportBy Samuel ObayomiJanuary 29, 2020

Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.91% to 29,110.90 Index Points and N13.227Tr respectively. Year-to-Date ASI is still at a positive of 8.45%. Number of trade, Volume of trade and Value of trade all decreased by 22.03%, 3.26% and 4.91% to 3556,…

Fed likely to keep interest rates on hold, focus on balance sheet

Market NewsBy Samuel ObayomiJanuary 29, 2020

US Benchmark interest rate is one of the main drivers of US economy. US federal reserve kept its target policy rate in the range of 1.50% and 1.75% while maintain economic growth expectations at about 2%. These led to continued growth of the US economy. Reuters  

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