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
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.30% to 26,584.45 Index Points and N12.83Tr respectively. Year-to-Date ASI is still at a Negative of 42%. No of trade and Value of trade both decreased by 4.98%, and 1.18% to 2,690 No of trade and…
European Central bank (ECB) and Sweden’s central bank (Riksbank) Benchmark rates are part of the main drivers of Euro zone bond yields. Riksbank raised its benchmark repo rate by a quarter point to zero (0) while ECB cut its deposit rate by 10 basis points to -0.5% in September. These led to Germany’s (the Eurozone’s…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.02% to 26,665.73 IndexPoints and N12.87 Tr respectively. Year-to-Date ASI is still at a Negative of 16%. No of trade, Volume of trade and Value of trade all decreased by 15.69%, 29.90% and 33.35% to 2,831…
Domestic Economy –Rundown: According to the Banking sectors data for quarter 3 of 2019, revealed that the aggregate credit disburse to the private sector sum-up to N16.251trillion, which represent a 7.39% growth on a quarter on quarter basis, according to sector allocation, the Oil & Gas and Manufacturing of the industry sector were the largest…
Euro zone yields steady after falling on renewed Brexit jitters US –CHINA trade talks and Brexit are part of the main drivers Euro zone bond yields. Britain has set a hard deadline of December 2020 to reach a new trade deal with the European Union while the Euro zone economy is anticipating an agreement on…
