Markets
| % Change | YTD (%) | ||
| NGX ASI | 52,973.88 | – | 3.36% |
| Brent Crude Oil | 76.63 | -0.42% | -10.80% |
| Natural Gas | 2.35 | -2.65% | -42.68% |
| I&E FX Window | 464.51 | – | -3.67% |
| Parallel Market | 768 | 0.13% | -3.68% |
| Nigerian Treasury Bill (Average Yield %) | 6.95% | – | 13.08% |
| FGN Bonds (Average Yield %) | 14.33 | – | 21.24% |
| Gold | 1,946.53 | 0.03% | 7.29% |
| Cocoa | 2,991.00 | -0.86% | 14.78% |
- Markets closed in Nigeria yesterday as a new President and 28 governors were sworn in.
- Oil prices slipped on Monday as worries over further interest rate hikes that could curb energy demand trumped a tentative U.S. debt ceiling deal. Brent crude futures slipped 46 cents, or 0.42%, to $76.63 a barrel while U.S. West Texas Intermediate crude was at $72.44 a barrel, down 24 cents, or 0.3%.
- Following the swearing in of President Bola Ahmed Tinubu, Naira appreciated at 0.12% to close at N768/$.
- Natural gas futures slid about 2.65% to US$2.35 on Monday. The U.S. Energy Department’s weekly inventory release showed a lower-than-expected increase in natural gas supplies. Despite the positive inventory numbers, futures slumped nearly 16% week over week, overwhelmed by expectations for comfortable temperatures and, therefore, lighter heating or cooling demand.
