businessday market monitor FMDQ Close Benchmark NTB* & CP*
Bitcoin
NSE Biggest Gainer SEPLAT N385.00
3.90pc
Everdon Bureau De Change
Foreign Reserve $35.8bn
Biggest Loser ETERNA N2.68
25,783.02
-6.72pc
Cross Rates GBP-$:1.29 YUANY - 56.90 Commodities Cocoa
Gold
US$2,590.00 $1,871.25
news you can trust I ** THURSDAY 24 september 2020 I vol. 19, no 657
Crude Oil $41.68
I
N300
FINANCIAL REPRESSION SERIES
Market
₦ 4,924,635.80 -1.87
Foreign Exchange
Buy
Sell
I&E FX Window CBN Official Rate as at September 22, 2020
ntb
www.
MTN Nigeria plc CP
FGN
Dangote Cement plc
Axxela Nsp-spv Funding 1 (Natural Gas) PowerCorp plc plc
Spot ($/N) 25-Feb-21 5-Mar-21 23-Jul-30 30-Apr-25 20-May-27 27-Feb-34 386.00 379.00
$-N 450.00 465.00 1m £-N 580.00 600.00 Currency Futures 389.54 €-N 515.00 545.00 ($/N)
g
Benchmark Sovereign & Corporate Bonds
0.00
0.00
0.00
-0.07
0.00
-0.12
1.71
4.63
9.00
7.77
8.70
11.08
2m
3m
6m
12m
36m
60m
498.32
590.10
392.38
395.23
403.75
420.81
*NTB - Nigerian Treasury Bills; *CP - Commercial Paper
@
g
g
More funding options open for 41.5m SMEs amid COVID-19 scourge
Low yields dampen investment returns of Nigeria’s insurers M T Odinaka Anudu
BALA AUGIE
he sharp decline in yields on risk-free treasury instruments is dampening the investment returns of Nigeria’s insurers who are already struggling with the negative impact of the coronavirus pandemic. Insurers around the world tend to pack policyholders money in investment securities when
Continues on page 31
L-R: Douye Diri, Bayelsa State governor; Godwin Obaseki, Edo State governor, and Philip Shaibu,his deputy, during a courtesy visit to Government House,Yenagoa, yesterday.
ore opportunities to access credit have opened for Nigeria’s hard-hit micro, small and medium enterprises Continues on page 31
Inside
Dangote Cement pays over N1trn dividends in seven years P. 30
Tony Elumelu Named in “TIME 100” List of 100 Most Influential in the World 2020 P. A2