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September 21, 2019

Weekly Economic and Financial Commentary - Week Ended, Sept 20, 2019

For the second time this year, US Fed cut its target range for interest rate by 25bps to 1.75 - 2.0% amidst concerns on slowing global growth borne out of trade disputes. However, relative to its previous meeting, interest rate projections are less dovish as members expect rates to remain unchanged till 2020.

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September 20, 2019

NASD OTC Market CAP Decreased By -1.69% WoW To Close At N505.91bn

As at close of trade week on 20 September 2019, market Capitalisation decreased to N505.91billion from last week's previous N514.64 billion, which shows a 1.69 % decrease in Capitalisation. Also the NSI for the week ended 20 September 2019 recorded a decrease from 716.33 points to 704.19 points.

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September 20, 2019

Fear Of An Iran War Sends Oil Prices Up - OIR 200919

Following the wildest week oil prices have seen in recent memory, markets are now on edge as the possibility of an Iran war increases

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September 20, 2019

Forex Intervention: CBN Injects $314.74m, CNY 23.5m into Retail SMIS

In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, September 20, 2019, injected the sum of $314.74million into the retail Secondary Market Intervention Sales (SMIS) and CNY 23.5million in the spot and short tenored forwards segment of the inter-bank foreign market.

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