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Monday February 11, 2019 / 7:00 AM / Proshare News
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PROSHARE ECONOMY
January 2018
Economic Update - Resurgence In FPI Flows Softens CBN Intervention Sales - After a tumultuous end in 2018
following spate of capital repatriation and paucity of flows, the Investors and
Exporters Window (IEW) witnessed a rebound in activities in the month of
January with inflows (ex-CBN) rising to $2.6 billion (+79.8% MoM), to account
for 95% (vs. 58.4% in December) of outflows (+10.3% MoM to $2.8 billion).
Source ARM Research Read More
What Is Keeping Oil Prices
Subdued? - Oil
prices failed to break out on Friday, as traders showed themselves cautious,
voicing concerns about global economic growth. Source Oilprice Read More
Analysis of FAAC Disbursements
in 2018 and Projections for 2019 - Government revenue, which has been rising
since 2017, continued its upward trajectory in 2018. The rebound in federation
revenue continued as a result of increases in both oil and non-oil revenue.
Source NEITI Nigeria Read More
FG, Investment
Partners, Sign $30bn Industrial Revolution Agreement - The federal
government yesterday in Abuja signed $30 billion agreement with investment
partners to foster industrial revolution in the country and boost export
earnings from made in Nigeria products. Source Thisday Read
More
Nigeria Spends N5.468tn
On Debt Servicing In 39 Months - Statistics made
available by the DMO showed that the cost of servicing the nation’s debt has
been on the rise as a result of the increasing size of the debt as well as the
increasing cost of debt servicing. Source Punch Read
More
FG’s Technical Advisory Committee Report on Minimum Wage Ready - The report of the Technical Advisory Committee on National Minimum Wage that was inaugurated by President Mohammadu Buhari has been finalised and is ready for presentation to the president this week, barring any unforeseen circumstance. Source Thisday Read More
Weekly Economic and
Financial Commentary – WE 08 Feb, 2019 - This week, the
U.S Commerce Department released the international trade in goods and services
numbers for November 2018, which showed that the US trade deficit narrowed for
the first time in five months to $49.3 billion from an upwardly revised $55.7
billion in October, following faster decline in imports relative to exports.
Source ARM Read
More
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PROSHARE
REGULATORS
Anti-Money Laundering And
Combating The Financing Of Terrorism Policy and Procedure Manual - The objective of this AML/CFT
Manual is to set out policies and procedures to guide employees and the Bank to
conduct business in accordance with applicable Anti-Money Laundering (AML) laws
and regulations. Source CBN Read More
Click Here to Read More News on Regulators
PROSHARE MARKETS
Official Reserves Stable in January 2019; Increased by US$60m to US$43.17bn - Gross official reserves increased marginally by US$60m in January to US$43.17bn. Source FBNQuest Research Read More
Market Closes
the Week Positive as NSEASI Inches Up By 2.92% WoW - Equities market closed today
on a positive note, as NSEASI appreciated by +0.31% to close at 31,529.92basis
points as against +1.98% appreciation recorded previously. Source Proshare Read More
Market
Review and Round-Up of Corporate News Announced During The Week Ending 080219 -
The equities market recorded mixed performance – the listed equities market
recorded +2.92% gain WoW while the NASD OTC went down by -3.25% WoW. Source
Proshare Read More
CBN
Intervenes With $279.13m, CNY 46.92m in Retail SMIS - The Central Bank of Nigeria
(CBN) has again made interventions in the Retail Secondary Market Intervention
Sales (SMIS) of the Foreign Exchange market totaling $279.13 million and CNY
46.92. Source CBN Read More
Bond
Market Maintains Bullish Trend as Panic Buying Sets In -
The Bond market remained significantly bullish with yields compressing further
by c.11bps as market players continued to aggress offers on the mid to long end
of the curve. Source Zedcrest Capital Read More
NASD
Plc Holds Inaugural Annual Business Breakfast Meeting 2019 - As
at close of trade week on 08 February 2019, market Capitalisation decreased to ₦520.57
billion from last week's previous ₦538.07
billion, which shows a 3.18 % decrease in Capitalisation. Also the USI for the
week ending 08 February 2019 recorded a decrease from 748.38 points to 724.59
points. Source NASD Read More
Industrial
Goods – DANGCEM Tops on EPS, PAT Margin as BERGER Tops on PE Ratio - A
quick review of the EPS ratio of the industrial goods sector reveals that
DANGCEM tops and closely followed by BETAGLAS and CCNN while AVONCROWN and
WAPCO lead otherwise with negative EPS. Source Proshare Read More
What
To Expect From The Markets This Week – 110219 -
Following five consecutive sessions in positive territory, the NSE ASI gained
2.92% w/w, following a 31bps d/d uptick at week close. Three key sectors closed
in the green, with the Oil & Gas sector (+257bps d/d, +254bps w/w) taking
the lead thanks to gains in SEPLAT (+575bps d/d, w/w) and ETERNA (+330bps d/d, 10.59% w/w). Source Proshare Read More
Healthcare
Sector– MORISON Tops on EPS, PAT Margin and ROE - A
quick review of the EPS ratio of the healthcare sector reveals that MORISON
tops and closely followed by FIDSON and NIG-GERMAN while EKOCORP and EVANSMED
lead otherwise with negative EPS. Source Proshare Read More
Agriculture Sector –
OKOMUOIL Tops on EPS as PRESCO Tops on PE Ratio - A quick review of
the EPS ratio of the agriculture sector reveals that OKOMUOIL tops and closely
followed by PRESCO while FTNCOCOA and ELLAHLAKES lead otherwise with negative
EPS. Source Proshare Read
More
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PROSHARE BUSINESS
CBN To Combat N1.6trn
Excess Liquidity In February Amidst Rising Business Confidence - The Central Bank of
Nigeria, CBN, is set to intensify its liquidity mop up efforts to deal with
excess liquidity of N1.6 trillion expected in the interbank money market this
month, amidst rising business confidence over improved macroeconomic conditions
during the month. Source Vanguard Read
More
Trade Talks to
Eclipse All as Emerging-Market Bulls Take a Hit - The looming U.S.-China trade talks may
be set to reveal how complacent traders have been about the dispute just as the
rally in emerging markets loses steam. Source Bloomberg Read
More
N3.4bn Tax Debt:
FIRS To Sell Properties of 52 Firms - The Federal Inland Revenue Service is
to dispose of the properties of 52 companies over tax debts valued at about
N3.4bn. Source Punch Read
More
Afreximbank
targets $4bn FDI with Export Development Fund - African Export-Import Bank
(Afreximbank) said it hopes to attract $4 billion foreign direct investment
(FDI) inflow into Africa through its Fund for Export Development in Africa
(FEDA). Source Vanguard Read
More
Nigerian
Airports Record 15.2m Passengers, 227,834 Aircraft Movements - The Federal Airports
Authority of Nigeria (FAAN) has said a total of 15.2 million passengers passed
through Nigerian airports in 227,834 aircraft movements in 2018. Source Thisday
Read
More
Guinea Gets Court
Injunction, Halts NAICOM’ Business Suspension - A Federal High Court in Abuja has
given an order restraining the National Insurance Commission from suspending
Guinea Insurance Plc from underwriting new insurance businesses. Source Punch Read
More
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