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NIGERIAN EUROBONDS March 16  20215.625% US$300M JUN 2022-103.962/2.446%,  6.375% US$500M JUL 2023– 108.337/2.639%, 7.625% US$1.118BN NOV 2025– 114.581/4.159%,  6.500% US$1.5BN NOV 2027– 106.967/5.250, 7.143% US$1.25BN FEB 2030 – 105.897/6.270%, 8.747% US$1.0BN JAN 2031 – 115.122/6.629%,  7.875% $1.50BN Feb 2032 – 108.095/6.810%, 7.696% $1.25BN Feb 2038 – 103.337 /7.347%,  7.625% $1.50BN Nov 2047 – 102.298 /7.425%, 9.248% $750M Jan 2049 – 115.726/7.848%.
Business Finance Info & Updates

FMDQ weekly report

FMDQ weekly report

Commentary on the Foreign Exchange (FX) market with data for the week-ended January 4, 2019.

▪ The Central Bank of Nigeria (CBN) intervened through its periodic injection of United States (US) Dollars in the FX market, offering a total of $210.00 million to the FX market via the Secondary Market Intervention Sales (SMIS) held on January 2, 2019.

The apex bank offered the sum of $100.00 million to the Wholesale segment and sold $55.00 million each to both the Small and Medium-scale Enterprises (SMEs) and Retail (Invisibles) transactions.

▪ In the Investors’ & Exporters’ (I&E) FX Window, the total value of trades for the week-ended December 28, 2018 was $0.51 billion, representing a 65.07% ($0.95 billion) decrease on the $1.46 billion reported in the previous week, bringing the year-to-date (YTD) value of trades at the window to $59.75 billion

▪ For the reporting week-ended January 4, 2019, the CBN official rate fell by ₦0.05 to close at $/₦306.95, indicating a 0.02% appreciation when compared to $/₦307.00 recorded the previous week-ended December 28, 2018

▪ In the Bureau de Change (BDC) market, the exchange rate fell by ₦1.50 to close at $/₦362.00 depicting a 0.41% appreciation when compared to $/₦363.50 recorded in the previous week-ended December 28, 2018

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▪ For the week-ended January 4, 2019, the Naira depreciated at the I&E FX Window, losing ₦0.85 to close at $/₦365.35 when compared to $/₦364.50 recorded the previous week, resulting in a spread of $/₦3.35 between the BDC market rate and I&E FX Window rate

▪ The spread between the BDC market rate and the CBN official exchange rate fell by ₦1.45 to close at $/₦55.05, indicating a 2.57% decrease from the $/₦56.50 recorded in the previous week

▪ On December 26, 2018, the 30th OTC FX Futures contract NGUS DEC 26 2018, with contract amount of $664.78 million matured and settled on FMDQ; bringing the total value of matured OTC FX Futures contracts on FMDQ since the inception of the market in June 2016 to over $13.00 billion and over $17.00 billion worth of contracts traded so far

▪ Still in the FX Futures market, $72.50 million worth of OTC FX Futures contracts were traded in 11 deals, compared to the total for the previous week-ended December 28, 2018 of $165.47 million traded in 25 deals
Dealing Member-Client Spot FX Market Turnover Report

▪ For the week-ended December 28, 2018, trading activities in the Spot FX market between the DMBs and their clients stood at $1,253.46 million (average daily turnover of $417.82 million), representing a decrease of 29.11% when compared to the $ 1,768.22 million (average daily turnover of $353.64 million) recorded the week-ended December 21, 2018

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▪ A review of trading activities in the Spot FX market amongst banks for the week-ended December 28, 2018, revealed a decrease of 26.32%, as a total turnover of $258.92 million (average daily turnover of $86.31 million) was recorded against the $351.43 million (average daily turnover of $70.29 million) reported the week-ended December 21, 2018.

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