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Proshare Nigeria
March 03, 2021
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The gas age is inevitable as global demand for fossil fuel for public cars, factories, public transportation, and domestic cooking begin to decline and gas becomes the new oil. Nevertheless, fossil fuel will not disappear down a rabbit hole, the demand for fossil fuel (PMS, DPK, and AGO) will be with us for a while, but growth in demand will be constrained by the global pivot towards gas.
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March 03, 2021
Interest rates are low, and "lower for longer" has become something of a mantra among policy makers, regulators, and other market watchers. But negative interest rates raise an entirely new set of questions.
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March 03, 2021
The Central Bank of Nigeria (CBN) has made good its word, as it has released 50,000 metric tonnes of Maize into the Nigerian market. The Bank's February 2021 release of Maize in fulfilment of its pledge to reduce the price of the commodity, was done through the Anchor Borrowers' Programme (ABP) to major poultry feed producers and poultry producers in the country.
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ACCESS 8.05 Proshare-0.62%
FBNH 7.10 Proshare0%
UBA 8.25 Proshare0.61%
FMDQ Fixings Data
As on March 02, 2021
(Delayed by 12 Hours)
Tenor Rate (%) Change (%)
O/N 6.3333 Proshare-5.67
1M 1.7691 Proshare-0.73
3M 3.9343 Proshare-1.47
(Delayed by 12 Hours)
Tenor Rate (%) Change (%)
1M 0.8106 Proshare0.06
3M 1.4117 Proshare0.08
6M 2.2343 Proshare0.06
AFEX Data
As on January 20, 2021
Commodity Price (₦) Points
Soybean 0.00 190,000.00
Paddy Rice 187,500.00 0.00
Soybean 222,500.00 0.00
Maize 193,250.00 0.00
Ginger 763,330.00 0.00
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