BusinessDay 08 Mar 2021

Page 1

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


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BusinessDay 08 Mar 2021 by BusinessDay - Issuu