Updates

DMO Cuts FGN Bond Auction Rates by 84 Basis Points As MPR Cut Still Shakes Fixed Income Markets

Culled—Proshare September 24, 2020 By Zedcrest Capital FGN Bonds It was an exciting trade session to say the least, as yields in the Bonds Market opened much lower ahead of the FGN Bond auction. Still reeling from the 100bps cut in MPR by the MPC yesterday, the outlook for a […]

Nigeria’s Manufacturing Sector Contracts Fifth Straight Session, as PMI Stands 46.9% in September from 48.5% in August 2020

September 24, 2020/CBN Introduction The September 2020 PMI survey was conducted by the Statistics Department of the Central Bank of Nigeria during the period August 10-14, 2020. The respondents were purchasing and supply executives of manufacturing and non-manufacturing companies in the 36 states in Nigeria and the Federal Capital Territory […]

Oil and Gas Operators set to discuss their Near-Term Strategic Outlooks for Africa

To accompany the session, Africa Oil Week has released the latest in a series of complimentary reports produced alongside its long-standing partner, Wood Mackenzie September 24, 2020/AOW It’s no secret that the COVID-19 pandemic, combined with ambitious emissions targets, are currently forcing oil and gas Operators worldwide to re-evaluate – […]