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Rand firmer as US data disappoints
October 28, 2014--The rand has firmed to a six-week high against the dollar as durable goods orders in the United
States came in below estimates.
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Source: FIN24
Investors spend N12.9m on ETPs
October 27, 2014--Investors spent N12.9m investing in the country's growing Exchange Traded Products market last week, data from the Nigerian Stock Exchange showed.
Specifically, 702.099 units of Exchange Traded Products were traded in 19 deals during the week, compared to the 5,407 units of ETPs valued at N316,261 which were traded the previous week in 15 deals.
A breakdown of the ETPs traded showed that 701,759 units of the VETIVA GRIFFIN 30 valued at N12.3m were traded in 11 deals, while 340 units of the NEWGOLD ETP valued at N671,764 were exchanged in eight deals.
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Source: Punch
Rand eases ahead of busy data week
October 27, 2014--The rand has weakened slightly against a stronger dollar,
ahead of a busy data week that should set its short-term course.
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Source: FIN24
JSE fails to pull off rally
October 27, 2014--Major JSE indices have made another hesitant effort to turn the negative market trend around,
but lost almost half the gains made shortly after the opening.
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Source: FIN24
Nigeria: Roles of Pension Fund in Enabling Infrastructure Investment in Nigeria
October 26, 2014--Part of the efforts toward catapulting Nigeria among the 20 world economies by the year 2020 is to ensure infrastructure investments, and one of the sure ways this could be attained is to effectively and judiciously employ pension funds.
Pension funds are monies paid to federal, state and local governments as well as private sector retirees, usually managed by constituted pension boards.
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Source: allAfrica.com
IMF-Regional Economic Outlook: Sub-Saharan Africa region---Staying the Course, October, 2014
October 20, 2014--he October 2014 Regional Economic Outlook: Sub-Saharan Africa anticipates continued strong growth in much of Sub-Saharan Africa, driven by efforts to invest in infrastructure and by strong agricultural production.
However, the current Ebola outbreak in Guinea, Liberia, and Sierra Leone is exacting a heavy toll, with spillovers to neighboring countries. In addition, external threats to the region's overall positive outlook include global financial conditions and a slowdown in emerging market growth. Other topics are building resilience in fragile states and addressing the infrastructure deficit.
view the IMF-Regional Economic Outlook:Sub-Saharan Africa
Staying the Course October 2014
Source: IMF
Africa: Growth May Exceed Five Per Cent in 2015-16, but Ebola, Terrorism and Other Risks Pose Concern
October 8, 2014--Despite weaker than expected global growth and stable or declining commodity prices, African economies continue to expand at a moderately rapid pace, with regional GDP growth projected to strengthen to 5.2 percent yearly in 2015-16 from 4.6 percent in 2014, according to the World Bank's new Africa's Pulse, a twice-yearly analysis of the issues shaping Africa's economic prospects.
Significant public investment in infrastructure, increased agricultural production and expanding services in African retail, telecoms, transportation, and finance, are expected to continue to boost growth in the region. This pick-up in growth is expected to occur in a context of lower commodity prices and lower foreign direct investment as a result of subdued global economic conditions.
view the Africa's Pulse-An Analysis of Issues Shaping Africa's Economic Future
Source: World Bank
Nigerian Economy Attracts N1.5 Trillion Foreign Investments in H1 2014
September 26, 2014--A total of $5.8 billion (N903.9 billion) foreign investments flowed into the Nigerian economy in the second quarter of 2014 according to latest figures released by the Nigerian Bureau of Statistics (NBS) yesterday, bringing total foreign investments inflow in the first six months of 2014 to $9.70 billion or N1.51 trilion.
According to the statistics office, foreign investments inflow had risen by 48.6 per cent or $1.89 billion in the second quarter of the year compared to $3.9 billion capital imported into the Nigerian economy in the first three months of the year.
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Source: AllAfrica.com
JSE flat, AngloGold recovers after slump
September 12, 2014--Shares have ended flat, but AngloGold Ashanti regained some of the sharp
losses posted this week triggered by a planned demerger and $2.1bn rights issue.
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Source: FIN24
Rand weakens to 7-month lows
September 12, 2014--The rand has fallen to seven-month lows against the dollar,
largely reflecting a stronger greenback as recent data backs the case for monetary tightening.
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Source: FIN24
