businessday market monitor FMDQ Close Benchmark NTB* & CP*
Bitcoin
NSE Biggest Gainer morison N0.6
BDC Exchange Rate
Foreign Reserve $35.0bn
Biggest Loser
39,331.61
GBP-$:1.38 YUANY - 58.64
Commodities
trippleg 10.00pc N0.0.8
Cross Rates
-10.00 pc
Cocoa
Gold
US$ 2,546.00
$ 1,700.63
news you can trust * monday 08 march 2021 I vol. 19, no 772
Crude Oil $69.36
I
Market
₦30,011,690.88 -3.74
N300
Foreign Exchange
Buy
Sell
I&E FX Window CBN Official Rate as at March 4, 2021
ntb
www.
FGN
MTN Nigeria plc CP
Dangote Cement plc
Axxela Nsp-spv Funding 1 (Natural Gas) PowerCorp plc plc
Spot ($/N) 26-Aug-21 5-Mar-21 23-Jul-30 30-Apr-25 20-May-27 27-Feb-34 411.00
0.00
0.00
0.00
1.90
1.69
0.00
379.00
1.87
3.13
10.40
12.00
12.02
12.59
$-N 470.00 480.00 1m £-N 662.00 672.00 Currency Futures 31-Mar-21 419.08 €-N 570.00 580.00 ($/N)
g
Benchmark Sovereign & Corporate Bonds
3m 2m 28-Apr-21 26-May-21 420.58 422.08
6m 12m 25-Aug-21 23-Feb-22 426.58
435.58
60m 36m 28-Feb-24 25- Feb-26 511.54
605.76
*NTB - Nigerian Treasury Bills; *CP - Commercial Paper
@
g
g
Nigeria can save N3.7trn N by gutting inefficient MDAs
BUNMI BAILEY igeria can save as much as N3.7 trillion every year by implementing the Stephen Oronsaye report’s recommendation to Continues on page 31
Nigeria’s risk premium hits 1yr high despite rising oil prices Mercy Ayodele
I
nvestors are demanding higher returns from Nigeria to be holders of its debt as a Continues on page 31
Inside Interview with Ireti Samuel-Ogbu, MD/CEO, Citibank Nigeria Ltd P. 14
#Choosetochallenge #IWD2021: BusinessDay celebrates its female journalists
Celebrating #IWD2021: Nigerian women #Choosetochallenge P. 30