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Funding Rates Spike to 1-yr High as CBN Further Tightens Liquidity with FX Sale

Culled—Proshare May 14, 2018/Zedcrest Capital ***World Bank unveils fresh N2.7 trillion investment strategy in Nigeria for 2019*** Bonds The bond market opened the week on a relatively calm note, as it eased off slightly from the selling pressures witnessed in the previous week. Yields consequently declined by c.8bps on average, […]

Manufacturing PMI Expands 13th Consecutive Month, Stands 56.9% in April from 56.7% in March 2018

30/4/ 2018/CBN Introduction The April 2018 PMI survey was conducted by the Statistics Department of the Central Bank of Nigeria during the period April 12 – 23, 2018. The respondents were purchasing and supply executives of manufacturing and non-manufacturing organizations in 31 locations in Nigeria (Fig. 1). The Bank makes […]

Blockchain Co-inventor Joins Australian Blockchain Investment Mgt Firm, First Digital Capital

Culled—-Proshare 30/4/2018/First Digital Capital First Digital Capital, the Australian blockchain investment manager, today announced it had retained blockchain co-inventor W. Scott Stornetta, Ph.D. as Chief Scientist and established presences in New York, Geneva, London and Hong Kong.  First Digital Capital was founded in 2017 by a group of Australian investors, […]