What to Expect from the Markets this Week - 170423
Analysts project that the headline CPI data for March could decline from 21.91% to 21.8% with a reduction in both the food and core sub-index.
read more: proshare.co/articles/what-…
#marketupdates
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Analysts project that the headline CPI data for March could decline from 21.91% to 21.8% with a reduction in both the food and core sub-index.
read more: proshare.co/articles/what-…
#marketupdates
#AskProshare
Nigeria Economy
In its latest report titled "World Economic Outlook: A Rocky Recovery" (April 2023), IMF has maintained Nigeria's economic growth projection at 3.2% for 2023. The IMF has, however, revised Nigeria's economic growth projection for 2024 upward from 2.9% to 3.0%. twitter.com/i/web/status/1…
In its latest report titled "World Economic Outlook: A Rocky Recovery" (April 2023), IMF has maintained Nigeria's economic growth projection at 3.2% for 2023. The IMF has, however, revised Nigeria's economic growth projection for 2024 upward from 2.9% to 3.0%. twitter.com/i/web/status/1…
Global Economy
Next Tuesday, UK Unemployment/Wages data for February will be released, and although the unemployment rate has remained low at 3.7%, the soaring cost of living poses a challenge to UK consumers
Next Tuesday, UK Unemployment/Wages data for February will be released, and although the unemployment rate has remained low at 3.7%, the soaring cost of living poses a challenge to UK consumers
Oil and Gas
Analysts have widely agreed that the fuel subsidy should be phased down due to its exorbitant consumption volumes and over-bloated values, as well as its overbearing impact on government revenue. However, analysts disagree on the palliatives that should be… twitter.com/i/web/status/1…
Analysts have widely agreed that the fuel subsidy should be phased down due to its exorbitant consumption volumes and over-bloated values, as well as its overbearing impact on government revenue. However, analysts disagree on the palliatives that should be… twitter.com/i/web/status/1…
Currency Market
The Naira depreciated W-o-W by 0.16% against the dollar at the I&E FX window to settle at N464. Likewise, at the NAFEX window, #Naira lost 1bp to close at N462.50/US$1 twitter.com/i/web/status/1…
The Naira depreciated W-o-W by 0.16% against the dollar at the I&E FX window to settle at N464. Likewise, at the NAFEX window, #Naira lost 1bp to close at N462.50/US$1 twitter.com/i/web/status/1…
Money Market
This week, the money market experienced a persistent shortage of liquidity, causing the funding rates to remain elevated. The Open Repo rate (OPR) and Overnight (O/N) rose by 70bps and 65bps week-on-week to close at 18.63% and 19% respectively.
This week, the money market experienced a persistent shortage of liquidity, causing the funding rates to remain elevated. The Open Repo rate (OPR) and Overnight (O/N) rose by 70bps and 65bps week-on-week to close at 18.63% and 19% respectively.
FGN Bond Market
The long-dated bonds experienced buying interest this week, especially Apr 2049 and Mar 2050 maturity. However, the average benchmark yield still increased by 49bps week-on-week to 14.33% due to the large selloffs seen at the short-dated bonds twitter.com/i/web/status/1…
The long-dated bonds experienced buying interest this week, especially Apr 2049 and Mar 2050 maturity. However, the average benchmark yield still increased by 49bps week-on-week to 14.33% due to the large selloffs seen at the short-dated bonds twitter.com/i/web/status/1…
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For further information, inquiry, or clarifications, kindly email market@proshare.co and content@proshare.co Tel: 0700PROSHARE (070077674273). Call us NOW! twitter.com/i/web/status/1…
The 4th edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF) by The Nigerian Content Development and Monitoring Board (NCDMB)
📅17th -19th May 2023
Click HERE to register 👉proshare.co/articles/niger…
📅17th -19th May 2023
Click HERE to register 👉proshare.co/articles/niger…
@ngxgrp NGX ETFs Conference themed “ETFs in the Nigerian Capital Market: Opportunities and Challenges”
📅Wednesday, April 19, 2023
⏳10:00am (WAT).
To register click HERE 👉proshare.co/articles/ngx-e… twitter.com/i/web/status/1…
📅Wednesday, April 19, 2023
⏳10:00am (WAT).
To register click HERE 👉proshare.co/articles/ngx-e… twitter.com/i/web/status/1…
@TheIoDNigeria Fresh-Wide Perspectives (FWP) session on "Boardroom Ethnic Diversity: Matters Arising in Nigeria and other Jurisdictions"
📅 April 19, 2023.
More info 👉 proshare.co/articles/iod-f… twitter.com/i/web/status/1…
📅 April 19, 2023.
More info 👉 proshare.co/articles/iod-f… twitter.com/i/web/status/1…
@KPMG 2023 CFO Forum themed “Achieving Economic Stability in a Transition Year”
The Keynote Speaker is @sgyemikale will be speaking on the Keynote Topic “Positioning for Sustainable Finance: The Roles of CFOs
📅Wednesday, 19th April 2023
⏳ 8:30 AM
more info 👉… twitter.com/i/web/status/1…
The Keynote Speaker is @sgyemikale will be speaking on the Keynote Topic “Positioning for Sustainable Finance: The Roles of CFOs
📅Wednesday, 19th April 2023
⏳ 8:30 AM
more info 👉… twitter.com/i/web/status/1…
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