Heritage Capital Markets Limited | Utomi: Buhari’s Rigid Stance on Devaluation Sent Wrong Signals t

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ABBEYBDS [BLS] 0% ₦1.05 ABCTRANS 0% ₦0.35 ACADEMY 0% ₦0.33 ACCESS 1.16% ₦8.5 AFRINSURE 0% ₦0.24 AFRIPRUD 5.38% ₦6.86 AFROMEDIA 0% ₦0.2 AIICO 0.85% ₦1.19 AIRTELAFRI 0% ₦930 ALEX [BLS] 0% ₦8.1 ARBICO [BLS] 0% ₦1.03 ARDOVA 5.79% ₦17.9 ASOSAVINGS [MRS] 0% ₦0.5 AUSTINLAZ [BLS] 0% ₦2.03 BAPLC 0% ₦6.25 BERGER 0% ₦7.25 BETAGLAS 0% ₦55.4 BOCGAS 0% ₦13.61 BUACEMENT 0% ₦79 CADBURY 0% ₦8.5 CAP 0% ₦20 CAPHOTEL [BLS] 0% ₦2.2 CAPOIL [MRF] 0% ₦0.2 CAVERTON [BLS] 0% ₦2 CHAMPION [BLS] 10% ₦2.75 CHAMS 0% ₦0.25 CHELLARAM 0% ₦2.26 CHIPLC 0% ₦0.46 CILEASING 0% ₦5.13 CONOIL 0% ₦21 CORNERST 1.69% ₦0.6 COURTVILLE 0% ₦0.21 CUSTODIAN 0% ₦5.95 CUTIX 4.55% ₦2.3 CWG [BLS] 0% ₦2.54 DAARCOMM 0% ₦0.25 DANGCEM 0% ₦230 DANGSUGAR 1.75% ₦19.6 DEAPCAP [DWL] 0% ₦0.2 DUNLOP [MRS] 0% ₦0.2 EKOCORP [BLS] 0% ₦6 ELLAHLAKES [BLS] 0% ₦4.25 ENAMELWA 0% ₦22.1 ETERNA 0% ₦5.7 ETI 3.33% ₦6.2 ETRANZACT [BLS] 0% ₦2.5 EVANSMED [DIP] 0% ₦0.5 FBNH 0% ₦7.35 FCMB 0.62% ₦3.23 FIDELITYBK 2.69% ₦2.53 FIDSON 0% ₦6 FLOURMILL 0% ₦31 FTNCOCOA [RST] 0% ₦0.53 GLAXOSMITH 0.71% ₦7.05 GOLDBREW [BRS] 0% ₦0.81 GOLDINSURE [MRS] 0% ₦0.2 GSPECPLC 0% ₦4.19 GUARANTY 0.46% ₦32.7 GUINEAINS 0% ₦0.2 GUINNESS 1.01% ₦19.65 HONYFLOUR 5.26% ₦1.4 IKEJAHOTEL 0% ₦1.28 INFINITY [BLS] 0% ₦1.36 INITSPLC 0% ₦0.52 INTBREW [BLS] 2.58% ₦6.05 INTENEGINS [MRS] 0% ₦0.38 INTERLINK 0% ₦2.91 JAIZBANK 3.08% ₦0.67 JAPAULGOLD 8.86% ₦0.72 JBERGER 0% ₦19.7 JOHNHOLT 0% ₦0.5 JULI [MRF] 0% ₦1.51 LASACO 0% ₦0.42 LEARNAFRCA 0% ₦1 LINKASSURE 10% ₦0.66 LIVESTOCK 4.6% ₦2.5 LIVINGTRUST 0% ₦0.62 MANSARD 2.31% ₦1.27 MAYBAKER 0% ₦4.65 MBENEFIT 2.5% ₦0.41 MCNICHOLS 0% ₦0.8 MEDVIEWAIR [BMF] 0% ₦1.62 MEYER 0% ₦0.5 MOBIL 0% ₦228 MORISON 10% ₦0.55 MRS 0% ₦13.4 MTNN 0% ₦180 MULTITREX [BMR] 0% ₦0.36 MULTIVERSE 7.69% ₦0.24 NAHCO 5% ₦2.31 NASCON 0% ₦16.2 NB 0% ₦61 NCR 0% ₦3.43 NEIMETH 3.09% ₦2 NEM 9.2% ₦2.27 NESF 0% ₦552.2 NESTLE 0% ₦1450 NIG-GERMAN [DIP] 0% ₦3.62 NIGERINS 9.09% ₦0.2 NNFM 9.94% ₦7.79 NOTORE [BLS] 0% ₦62.5 NPFMCRFBK 0% ₦1.8 NSLTECH 0% ₦0.2 OANDO [MRF] 0.67% ₦3 OKOMUOIL 0% ₦93 OMATEK [DWL] 0% ₦0.2 PHARMDEKO 0% ₦1.35 PORTPAINT [BLS] 0% ₦3.15 PREMPAINTS 0% ₦9.4 PRESCO 0% ₦75 PRESTIGE [BLS] 0% ₦0.48 PZ 2.94% ₦5.25 RAKUNITY 0% ₦0.3 REDSTAREX 1.82% ₦3.36 REGALINS 0% ₦0.3 RESORTSAL [MRF] 0% ₦0.2 ROADS [DIP] 0% ₦6.6 ROYALEX 0% ₦0.36 RTBRISCOE 10% ₦0.22 SCOA 0% ₦2.93 SEPLAT 0% ₦495 SFSREIT 0% ₦69.3 SKYAVN [BLS] 0% ₦3.04 SMURFIT [MRF] 0% ₦0.2 SOVRENINS 7.14% ₦0.3 STACO [MRF] 0% ₦0.48 STANBIC 0% ₦45 STDINSURE [MRF] 0% ₦0.2 STERLNBANK 0.53% ₦1.91 STUDPRESS 0% ₦1.79 SUNUASSUR 0% ₦0.9 TANTALIZER 0% ₦0.2 THOMASWY [MRS] 0% ₦0.35 TOTAL 0% ₦142 TOURIST [DIP] 0% ₦2.84 TRANSCOHOT [BLS] 0% ₦3.25 TRANSCORP 2.91% ₦1 TRANSEXPR 0% ₦0.9 TRIPPLEG 0% ₦0.75 UAC-PROP [BLS] 3.95% ₦0.79 UACN 0.61% ₦8.2 UBA 1.14% ₦8.7 UBN [BLS] 0.86% ₦5.75 UCAP 0.7% ₦5.66 UHOMREIT 0% ₦40.65 UNHOMES [MRS] 0% ₦3.02 UNIC [DIP] 0% ₦0.2 UNILEVER 0% ₦14.3 UNIONDAC 0% ₦0.31 UNIONDICON [BRS] 0% ₦10.95 UNITYBNK 1.37% ₦0.72 UNIVINSURE 0% ₦0.2 UPDCREIT 0% ₦6 UPL 0% ₦1.3 VALUEFUND 0% ₦115.05 VANLEER 0% ₦8.2 VERITASKAP 0% ₦0.21 VITAFOAM 0% ₦9 WAPCO 0.56% ₦26.7 WAPIC 5.26% ₦0.54 WEMABANK 7.69% ₦0.7 ZENITHBANK 0.77% ₦25.8 ABBEYBDS [BLS] 0% ₦1.05 ABCTRANS 0% ₦0.35 ACADEMY 0% ₦0.33 ACCESS 1.16% ₦8.5 AFRINSURE 0% ₦0.24 AFRIPRUD 5.38% ₦6.86 AFROMEDIA 0% ₦0.2 AIICO 0.85% ₦1.19 AIRTELAFRI 0% ₦930 ALEX [BLS] 0% ₦8.1 ARBICO [BLS] 0% ₦1.03 ARDOVA 5.79% ₦17.9 ASOSAVINGS [MRS] 0% ₦0.5 AUSTINLAZ [BLS] 0% ₦2.03 BAPLC 0% ₦6.25 BERGER 0% ₦7.25 BETAGLAS 0% ₦55.4 BOCGAS 0% ₦13.61 BUACEMENT 0% ₦79 CADBURY 0% ₦8.5 CAP 0% ₦20 CAPHOTEL [BLS] 0% ₦2.2 CAPOIL [MRF] 0% ₦0.2 CAVERTON [BLS] 0% ₦2 CHAMPION [BLS] 10% ₦2.75 CHAMS 0% ₦0.25 CHELLARAM 0% ₦2.26 CHIPLC 0% ₦0.46 CILEASING 0% ₦5.13 CONOIL 0% ₦21 CORNERST 1.69% ₦0.6 COURTVILLE 0% ₦0.21 CUSTODIAN 0% ₦5.95 CUTIX 4.55% ₦2.3 CWG [BLS] 0% ₦2.54 DAARCOMM 0% ₦0.25 DANGCEM 0% ₦230 DANGSUGAR 1.75% ₦19.6 DEAPCAP [DWL] 0% ₦0.2 DUNLOP [MRS] 0% ₦0.2 EKOCORP [BLS] 0% ₦6 ELLAHLAKES [BLS] 0% ₦4.25 ENAMELWA 0% ₦22.1 ETERNA 0% ₦5.7 ETI 3.33% ₦6.2 ETRANZACT [BLS] 0% ₦2.5 EVANSMED [DIP] 0% ₦0.5 FBNH 0% ₦7.35 FCMB 0.62% ₦3.23 FIDELITYBK 2.69% ₦2.53 FIDSON 0% ₦6 FLOURMILL 0% ₦31 FTNCOCOA [RST] 0% ₦0.53 GLAXOSMITH 0.71% ₦7.05 GOLDBREW [BRS] 0% ₦0.81 GOLDINSURE [MRS] 0% ₦0.2 GSPECPLC 0% ₦4.19 GUARANTY 0.46% ₦32.7 GUINEAINS 0% ₦0.2 GUINNESS 1.01% ₦19.65 HONYFLOUR 5.26% ₦1.4 IKEJAHOTEL 0% ₦1.28 INFINITY [BLS] 0% ₦1.36 INITSPLC 0% ₦0.52 INTBREW [BLS] 2.58% ₦6.05 INTENEGINS [MRS] 0% ₦0.38 INTERLINK 0% ₦2.91 JAIZBANK 3.08% ₦0.67 JAPAULGOLD 8.86% ₦0.72 JBERGER 0% ₦19.7 JOHNHOLT 0% ₦0.5 JULI [MRF] 0% ₦1.51 LASACO 0% ₦0.42 LEARNAFRCA 0% ₦1 LINKASSURE 10% ₦0.66 LIVESTOCK 4.6% ₦2.5 LIVINGTRUST 0% ₦0.62 MANSARD 2.31% ₦1.27 MAYBAKER 0% ₦4.65 MBENEFIT 2.5% ₦0.41 MCNICHOLS 0% ₦0.8 MEDVIEWAIR [BMF] 0% ₦1.62 MEYER 0% ₦0.5 MOBIL 0% ₦228 MORISON 10% ₦0.55 MRS 0% ₦13.4 MTNN 0% ₦180 MULTITREX [BMR] 0% ₦0.36 MULTIVERSE 7.69% ₦0.24 NAHCO 5% ₦2.31 NASCON 0% ₦16.2 NB 0% ₦61 NCR 0% ₦3.43 NEIMETH 3.09% ₦2 NEM 9.2% ₦2.27 NESF 0% ₦552.2 NESTLE 0% ₦1450 NIG-GERMAN [DIP] 0% ₦3.62 NIGERINS 9.09% ₦0.2 NNFM 9.94% ₦7.79 NOTORE [BLS] 0% ₦62.5 NPFMCRFBK 0% ₦1.8 NSLTECH 0% ₦0.2 OANDO [MRF] 0.67% ₦3 OKOMUOIL 0% ₦93 OMATEK [DWL] 0% ₦0.2 PHARMDEKO 0% ₦1.35 PORTPAINT [BLS] 0% ₦3.15 PREMPAINTS 0% ₦9.4 PRESCO 0% ₦75 PRESTIGE [BLS] 0% ₦0.48 PZ 2.94% ₦5.25 RAKUNITY 0% ₦0.3 REDSTAREX 1.82% ₦3.36 REGALINS 0% ₦0.3 RESORTSAL [MRF] 0% ₦0.2 ROADS [DIP] 0% ₦6.6 ROYALEX 0% ₦0.36 RTBRISCOE 10% ₦0.22 SCOA 0% ₦2.93 SEPLAT 0% ₦495 SFSREIT 0% ₦69.3 SKYAVN [BLS] 0% ₦3.04 SMURFIT [MRF] 0% ₦0.2 SOVRENINS 7.14% ₦0.3 STACO [MRF] 0% ₦0.48 STANBIC 0% ₦45 STDINSURE [MRF] 0% ₦0.2 STERLNBANK 0.53% ₦1.91 STUDPRESS 0% ₦1.79 SUNUASSUR 0% ₦0.9 TANTALIZER 0% ₦0.2 THOMASWY [MRS] 0% ₦0.35 TOTAL 0% ₦142 TOURIST [DIP] 0% ₦2.84 TRANSCOHOT [BLS] 0% ₦3.25 TRANSCORP 2.91% ₦1 TRANSEXPR 0% ₦0.9 TRIPPLEG 0% ₦0.75 UAC-PROP [BLS] 3.95% ₦0.79 UACN 0.61% ₦8.2 UBA 1.14% ₦8.7 UBN [BLS] 0.86% ₦5.75 UCAP 0.7% ₦5.66 UHOMREIT 0% ₦40.65 UNHOMES [MRS] 0% ₦3.02 UNIC [DIP] 0% ₦0.2 UNILEVER 0% ₦14.3 UNIONDAC 0% ₦0.31 UNIONDICON [BRS] 0% ₦10.95 UNITYBNK 1.37% ₦0.72 UNIVINSURE 0% ₦0.2 UPDCREIT 0% ₦6 UPL 0% ₦1.3 VALUEFUND 0% ₦115.05 VANLEER 0% ₦8.2 VERITASKAP 0% ₦0.21 VITAFOAM 0% ₦9 WAPCO 0.56% ₦26.7 WAPIC 5.26% ₦0.54 WEMABANK 7.69% ₦0.7 ZENITHBANK 0.77% ₦25.8 Watch here for daily stock performances.

Utomi: Buhari’s Rigid Stance on Devaluation Sent Wrong Signals to Investors

5th October, 2016 Business Heritage Research

An economist and policy analyst, Professor Pat Utomi, has said that President Muhammadu Buhari’s statements that he would not agree to devaluation of the naira sent wrong signal to would be investors.

Speaking at the Third Awomolo & Associates’ Annual Colloquium held in Abuja on on a theme, ‘Global Economy Beyond Oil: Challenges and Solutions; Nigeria in Focus’, Utomi said that as at the time when investors confidence in Nigeria had waned, the blame game adopted by the president did not help matters.

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Currency	Buy	Central	Sell
US DOLLAR	459.97	460.47	460.97
POUNDS STERLING	556.66	557.26	557.87
EURO	494.28	494.82	495.36

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Utomi: Buhari’s Rigid Stance on Devaluation Sent Wrong Signals to Investors

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