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Proshare Nigeria
January 16, 2022
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We envisage another solid year for cement manufacturers, with private and public demand set to be major fulcrums. This prognosis on cement consumption is likely to reflect the knock-on effect of increased government spending and greater Public-Private Projects (PPPs) by institutions like RITC and INFRACO.
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January 16, 2022
We refer to our market bulletin of 30 December 2021 with reference number: NGXREG/LRD/MB62/21/12/30 where the Market was notified of the proposed Mandatory Takeover Offer of One Billion, One Hundred and Ninety-Six Million, Seven Hundred and Ninety-Nine Thousand, One Hundred and Sixty-Four (1,196,799,164) ordinary shares of Champion Breweries Plc
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January 15, 2022
The World Bank in its latest Global Economic Prospects report released on Tuesday, projects a 2.5% economic growth for Nigeria in 2022, and 2.8% in 2023. This 2022 forecast is an upward review from the estimated 2.4% growth projected earlier. According to the bank, higher oil prices and activities in the telecommunications sector and financial services, will drive growth up slightly.
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FMDQ Fixings Data
As on January 13, 2022
(Delayed by 12 Hours)
Tenor Rate (%) Change (%)
O/N 14.3333 Proshare-1.00
1M 8.1751 Proshare0.16
3M 8.2654 Proshare0.16
(Delayed by 12 Hours)
Tenor Rate (%) Change (%)
1M 2.8312 Proshare0.08
3M 3.4626 Proshare0.11
6M 4.3031 Proshare-0.13
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