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Nigeria's Oil Sector At Crossroads-Report

May 16, 2013--The Resources Governance Index of the Revenue Watch Institute (RWI) has ranked Nigeria weak in its oil revenue.

Report of the Institute for 2013 released yesterday in the United States said Nigeria's hydrocarbons sector is at a crossroads as a result of the current efforts to pass the Petroleum Industry Bill.

The report ranked Nigeria 40 out of 58 countries studied.

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Source: AllAfrica.com


Industrials push JSE to record high

May 16, 2013--Solid demand for industrial stocks such as Richemont and Naspers [JSE:NPN] propelled the JSE to a fresh high on Thursday, outpacing the continuing selloff in the resources sector on a combination of weaker commodity prices and labour tensions.

At 12:49‚ the JSE All Share [JSE:J203] index was up 0.91% to 41 389.72 points‚ with the Top 40 - (Tradeable) [JSE:J200] blue chip index rallying 1.20%. Industrial and financial indices gained 1.61% and 0.74% respectively while the gold and platinum benchmarks lost 3.11% and 1.86% respectively.

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Source: FIN24


Bonds mixed in quiet trade

May 16, 2013--South African bonds were mixed in thin midday trade on Thursday.

“Bonds are mainly being marked weaker on the back of the softer rand‚ but trade is very thin‚ so we are seeing that more in bid prices rather than actual trades‚” a local bond trader said.

At 11:30 the benchmark R186 was trading at 6.795% from 6.800% at Wednesday’s close and 6.780% at Tuesday’s close.

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Source: FIN24


Brics Q&A

May 16, 2013--AS THE developed economies languish, the world's attention is increasingly focused on the fast-growing Brics countries: Brazil, Russia, India, China, and South Africa.

Emerging markets expert Mark Mobius answers some pertinent questions.

Growth in Bric economies has slowed down in 2012 and early 2013. They are now facing major problems. How do you perceive the macroeconomic situation in each country? What are their major risks?

It is a bit of an exaggeration to say that the Bric countries are “facing major problems”. Their gross domestic product (GDP) growth rates have slowed but apart from Brazil, the other three economies are still growing much, much faster than most developed countries.

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Source: FIN24


JSE flat, labour woes weigh on mines

May 15, 2013--The JSE was flat in early trade on Wednesday, with labour unrest and metal prices weighing on mining stocks while mild strength in industrial counters helped offset those falls.

At 9:20‚ the JSE All Share [JSE:J203] index was 0.02% softer at 40 702.16 points and the Top 40 - (Tradeable) [JSE:J200] index was 0.03% lower.

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Source: FIN24


Rand down on labour tensions

May 15, 2013--The rand was weaker against major currencies on Wednesday at midday as ongoing labour tensions in the platinum sector and poor eurozone GDP figures weighed.

“Labour tensions are the key drivers behind the rand’s weakness. Yesterday we had a big movement and today we’ve had a slight drift as the pressure continues‚” said Viv Govender‚ a market analyst at Vunani Private clients.

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Source: FIN24


JSE's platinum index falls

April 14, 2013--The JSE platinum index JPLAT was down more than 4% on Tuesday morning as labour tensions brought production to a halt at Lonmin's (LON) Rustenburg mine and threatened to disrupt Anglo Platinum [JSE:AMS](Amplats) proposed restructuring plan.

At 9:54 the platinum index was down 4.45% at 1 460.16.

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Source: FIN24


Bonds softer on weaker rand

May 14, 2013--The South African bond market was softer in midday trade on Tuesday on the weaker rand.

“We are following the rand at the moment‚ so there is a softer tone‚ but the auction went well‚ so there is still good underlying demand‚” a local bond trader said.

At 11:30 the benchmark R186 was trading at 6.755% from 6.690% at Monday’s close.

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Source: FIN24


Africa's Oil and Gas Outlook 2013 (part 1)

May 13, 2013--Africa' share of global oil and gas production has stood at 10% and 6% respectively over the past 24 months.

Ecobank Research estimates that the total production of crude oil in Africa in 2013 is likely to be around 8.9 million barrels per day.

Of that amount, sub-Saharan Africa (SSA) will produce around 5.9 million bpd - compared to estimates of 5.5 million bpd in 2012 - and assuming that at least 150,000 bpd of South Sudan's 350,000 bpd production returns permanently to market.

Africa also produced an estimated 230 billion cubic metres of natural gas in 2012, and this is likely to increase to around 250 bcm in 2013, with new supplies from Angola, Mozambique and Tanzania.

Up to 70 oil and gas discoveries have been made in sub-Saharan over the past 5 years, with Uganda, Mozambique and Tanzania, the greatest beneficiaries of these.

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Source: AllAfrica.com


Nigeria Economic Update: World Bank Forecasts Rising Growth, Less Inflation, Urges Closer Federal and State Government Cooperation

May 13, 2013-- Nigeria's short term macroeconomic outlook looks generally strong, with the likelihood of higher growth, lower inflation, and reserve accumulation. This will present the Government with an opportunity to make progress in key reforms and public investments associated with the Transformation Agenda for job creation, diversification, and more effective governance, says the World Bank in its new Nigeria Economic Report (NER) launched today in Abuja.

Sounding a cautionary note, however, the NER says that Nigeria's economic growth has not automatically translated into better economic and social welfare for Nigerians. As the NER notes, "poverty reduction and job creation have not kept pace with population growth, implying social distress for an increasing number of Nigerians"

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view the World Bank Nigeria Economic Report

Source: World Bank


Americas


July 11, 2025 RMB Investors Trust files with the SEC
July 11, 2025 Mutual Fund Series Trust files with the SEC
July 11, 2025 Simplify Exchange Traded Funds files with the SEC-Simplify Government Money Market ETF
July 11, 2025 Tortoise Capital Series Trust files with the SEC-Tortoise Global Water Fund
July 11, 2025 EA Series Trust files with the SEC-Towle Value ETF

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Europe ETF News


July 02, 2025 Valour Launches Eight New ETPs on Spotlight Stock Market, Including Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB (OKB), Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB), and Stacks (STX)
June 16, 2025 ESMA's activities in 2024 focused on strengthening the EU capital markets and putting citizens and businesses at the heart of it
June 12, 2025 Janus Henderson launches active fixed income ETF
June 12, 2025 ifo Institute Raises Growth Forecast for Germany
June 10, 2025 ESMA publishes latest edition of its newsletter

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Asia ETF News


July 02, 2025 Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index

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Global ETP News


July 07, 2025 WTO issues new edition of World Tariff Profiles
July 03, 2025 Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective

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Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

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ESG and Of Interest News


June 30, 2025 OECD-Environment at a Glance Indicators
June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale

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