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Proshare Nigeria
July 07, 2020
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Price volatility is a constant feature of the oil market, exposing oil-dependent countries like Nigeria to regular economic crises when oil prices tumble. Beyond surviving the latest oil price slump largely occasioned by COVID-19, Nigeria needs a sustainable strategy for coping with oil price shocks.
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July 07, 2020
United Bank for Africa Plc (UBA), the leading pan-African financial services group, is pleased to announce the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA's Nigeria and Africa businesses, respectively.
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July 07, 2020
A wild 24 hours brought a tidal wave of pipeline news to start the week. Meanwhile, oil prices continue to be range bound, with WTI trading right around $40 per barrel and Brent just a little bit higher. For now, crude appears stuck between worrying Covid-19 news and a weak economy on the one hand, and tightening oil market fundamentals on the other.
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ACCESS 6.20 Proshare0%
FBNH 5.10 Proshare0.99%
UBA 6.20 Proshare2.48%
FMDQ Fixings Data
As on July 06, 2020
(Delayed by 12 Hours)
Tenor Rate (%) Change (%)
O/N 18.85 Proshare-0.15
1M 4.625 Proshare0.72
3M 4.9304 Proshare0.97
(Delayed by 12 Hours)
Tenor Rate (%) Change (%)
1M 1.6769 Proshare0.06
3M 1.6314 Proshare-0.03
6M 2.0344 Proshare0.14
AFEX Data
As on June 29, 2020
Commodity Price (₦) Points
Ginger 764,140.40 0.00
Paddy Rice 175,000.00 181.15
Soybean 129,362.50 205.37
Cocoa 916,000.00 0.00
Maize 124,000.00 241.63
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July 07, 2020
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