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Proshare Nigeria
September 19, 2020
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Nigeria's headline inflation maintained its uptrend, as it expanded by 40bps in August 2020 to 13.22% y/y (July: 12.82%), the twelfth consecutive month of increase and the highest reading in 28 months. The outturn was 13bps higher than Cordros' estimate (13.09% y/y)
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September 19, 2020
In Chief J.W. Ellah " Sons Company Ltd v FIRS and Essay Holdings Ltd v. FIRS decided by the Tax Appeal Tribunal (TAT) in Benin and Lagos Zones respectively, the TAT delivered conflicting decisions on whether commercial leases are subject to Value Added Tax (VAT).
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September 19, 2020
It's been a busy month for oil markets, with a build-up of bearish news sending oil prices crashing at the start of the month, only for prices to rally again this week.
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ACCESS 6.45 Proshare1.57%
FBNH 4.95 Proshare1.02%
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FMDQ Fixings Data
As on September 17, 2020
(Delayed by 12 Hours)
Tenor Rate (%) Change (%)
O/N 2.2544 Proshare-1.75
1M 2.6819 Proshare-0.34
3M 2.9649 Proshare-0.28
(Delayed by 12 Hours)
Tenor Rate (%) Change (%)
1M 1.0259 Proshare-0.08
3M 1.2093 Proshare-0.04
6M 1.561 Proshare0.01
AFEX Data
As on August 24, 2020
Commodity Price (₦) Points
Soybean 137,670.00 218.56
Ginger 752,670.00 0.00
Cocoa 909,330.00 0.00
Sorghum 150,000.00 0.00
Maize 157,670.00 307.24
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