BusinessDay 23 Jan 2019

Page 1

businessday market monitor FMDQ Close

Everdon Bureau De Change

Bitcoin

NSE

FOREIGN EXCHANGE

Biggest Gainer

Biggest Loser

Presco 1.89pc N60

Seplat N540

30,736.88

-3.23pc

Foreign Reserve - $43.12bn Cross Rates - GBP-$:1.30 YUANY-N53.39 Commodities Cocoa

Gold

Crude Oil

US$2,248.00

$ 1,281.90

$60.85

NEWS YOU CAN TRUST I**WEDNESDAY 23 JANUARY 2019 I VOL. 15, NO 230 I N300

₦1,287,387.52

+0.04pc

Powered by

g

BUY

SELL

$-N 358.00 362.50 £-N 458.00 468.00 €-N 405.00 413.00

www.

Market

Spot ($/N)

I&E FX Window CBN Official Rate Currency Futures

($/N)

362.42 306.80

g

R

Inside P. 37 FG to transmit minimum wage bill to National Assembly as Council of State approves N27,000 P. 39

-0.19 12.02

6M

5Y

0.56 14.85

-0.15

15.10

NGUS JUN 26 2019 365.34

@

10 Y 20 Y -0.03 -0.21 15.07

15.33

NGUS DEC 24 2019 366.24

g

Arancha Gonzalex (l), executive director, International Trade Centre, and Babajide Sanwo-Olu, All Progressive Congress governorship candidate in Lagos State, during a meeting to promote investments into the state in Geneva, yesterday, ahead of the World Economic Forum in Davos.

FRANK AIGBOGUN, Davos

Continues on page 38

3M

NGUS MAR 27 2019 364.89

In crusade for reform in Ethiopia, Abiy finds inspiration in love for his people eform-minded Ethiopian Prime Minister Abiy Ahmed is better defined by the modern ideas that he is pushing rather than his young age of forty-two, and it is to his credit that he is more forwardlooking today than many of his colleagues in the continent. At the World Economic Forum meetings in Davos, Abiy, who has both Christian and Muslim parents, presents image of a leader impatient to change the fortunes of his heavily-populated country ravaged by years of war and famine but which today has become the focus of global attention. When a BusinessDay reporter sought to speak to him as he walked away from the opening of the World Economic Forum in Davos, his two minders attempted to fend off the approach

FGN BONDS

TREASURY BILLS

With eye on inflation, naira stability, CBN holds MPR at 14% T ONYINYE NWACHUKWU, HOPE MOSES-ASHIKE, ISREAL ODUBOLA, SEGUN ADAMS & OLUFIKAYO OWOEYE

he Central Bank of Nigeria (CBN) after the first Monetary Policy Committee (MPC) meeting for the year retained its monetary policy rate

Rising debt approaching pre-2005 Paris Club exit level Economic policy pushed to side-lines on elections – analysts

in consideration of economic risks (global and domestic), including inflationary pressure

which has intensified the risk of currency depreciation. Consequently, by vote of all

the 11 members present at the Continues on page 38


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
BusinessDay 23 Jan 2019 by BusinessDay - Issuu