Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 1.38% to 27,339.68 Index Points and N13.199Tr respectively. Year-to-Date ASI is now at a positive of 85%. No of trade and Volume of trade both decreased by 4.73% and 14.52% to 5784 No of trade and…
Repurchase agreement (repos) is one of the main drivers of the US Financial System. The cost of some overnight loans increased to 10%, more than four times the benchmark rate in 2019. This has led to Injections of billions of dollar into repo market by the US Federal Reserve Bank to boost liquidity which is…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.38% to 26,968.79 Index Points and N13.020Tr respectively. Year-to-Date ASI is now at a positive of 0.47%. No of trade and Volume of trade both increased by 91.03% and 130.54% to 6071 No of trade and…
Inflation is one of the main drivers of Chinese Economy. China’s consumer price index (CPI) increased to 4.5% in November 2019 while China’s third quarter growth reduced to 6%. These can lead china to set its’ economic growth target to around 6% for year 2020 and retain Inflation target at 3%. Reuters
Repurchase agreement (repo) is one of the main drivers of US financial System. Interest rates in U.S. money markets increased to 10% for some overnight loans, while the US benchmark overnight rate is currently set in a range of 1.5% to 1.75%. A reduction in US bank reserves held at the US Central bank is…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.22% to 26,526.35 Index Points and N12.804Tr respectively. Year-to-Date ASI is still at a Negative of 60%. No of trade and Volume of trade both increased by 9.63% and 12.29% to 2,949 No of trade and…
Construction output, Services and Goods exports are part of the main drivers of UK economy. UK goods exports, services and construction increase has reduced Britain’s current account deficit to 15.860 billion pounds in the third quarter of 2019 from 24.152 billion pounds in the second quarter of 2019. These led to growth in UK economy…
Nigerian budget deficit is N2.175 trillion for the year 2020 representing 1.52 per cent of the Gross Domestic Product (GDP). Budget deficit is to be financed mainly by borrowings from domestic sources put at N744.99 billion, foreign sources put at N850 billion and multi-lateral/bi-lateral loan draw-downs put at N328.13 billion respectively. In aggregate, 44 percent…
Electric Power is one of the main drivers of the Nigerian Economy. A Special Task Force Committee on Electric Power Sector was inaugurated on Thursday with objective to help with developing, planning and driving forward, the reform plan for the Nigerian Power Sector within its tenure of two years. ThisDay
Revenues from Companies Income Tax, Value Added Tax, import duty, royalties; Petroleum Profit Tax all decreased drastically which are parts of the main sources of statutory revenue. These led the Federation Account Allocation to the three tiers of government as revenue to reduce by N66.23bn to N635.82bn in November 2019. Punch
