The equities market closed lower, with the NSE ASI falling 0.87% as corporate and economic news were reported. The Securities and Exchange Commission plans to support FMDQ OTC to develop the debt capital market and finance Nigeria's N3.9 trillion infrastructure deficit. Dangote Refinery is scheduled to commence operations in 2018 with 650,000 barrels per day of refining capacity. Foreign reserves declined 0.84% from the previous month to $30.13 billion, down 22.43% from a year ago. Various banks including FBN Holdings and UBA confirmed paying fines to the CBN for failing to remit funds to the Treasury Single Account.

1. TRUSTBANC CAPITAL
TRUSTBANC GROUP
Weekly Market Report for 30/10/2015
KAJOLA HOUSE
62/64 Campbell Street, 5th
Floor, Lagos
www.trustbancgroup.com
E-mail:info@trustbancgroup.com
Dear Valued Customer,
The equities market closed today on a negative note, as NSE ASI depreciated by 0.87% to close
at 29,190.54basis points, compared with the 0.17% appreciation recorded yesterday. Its Year-
to-Date (YTD) returns currently stands at -15.77%
COPORATE NEWS UPDATE…
SEC To Partner With FMDQ OTC To Tackle N3.9trn Infrastructure Deficit:
The Securities and Exchange Commission (SEC) on Tuesday, promised to support FMDQ OTC to
create a vibrant debt capital market (DCM) aimed at financing the nation’s N3.9 trillion
infrastructure deficit.
Mr. Mounir Gwarzo, SEC Director-General, said this at a two-day workshop organized by FMDQ
OTC, and the commission in Lagos.
Gwarzo stated that the country’s N3.9 trillion infrastructure deficits could only be financed
through a vibrant debt market.
Dangote Refinery Will Commence Operations In 2018:
The Management of Dangote Petrochemicals and Fertilizer Plant said that its 650,000 barrels
Per Day (BPD) capacity petroleum refinery would come on stream by 2018.
Mr. Madhav Kelkar of Dangote Petrochemicals Ltd, made the announcement while conducting
newsmen on a facility tour of the plant located at Lekki Free Trade Zone, Lagos.
India To Offer N2.25 Trillion In Concessional Credit To Nigeria And 53 Others:
The Prime Minister of India, Narendra Modi, on Thursday said that his country will provide
N2.25trillion ($10billion) in concessional lines of credit to Nigeria and 53 other African
nations in the next five years to boost their economies.
He also said that an additional grant assistance of N135billion ($600m) will be made
available to African countries by India.
Nigerian Breweries Plc. Launches First Ever Locally Brewed Apple Cider,
Strongbow:
Strongbow Apple Ciders, the world’s biggest and most popular cider brand is set to enter the
Nigerian market this month courtesy Nigeria's leading brewing company, Nigerian Breweries
plc.
Senior Brand Manager, Strongbow, Ngozi Nkwoji said, “Strongbow is an alcoholic drink that is
globally popular and that Nigerians will love, especially those who want to try something new
Foreign Reserve Down 0.84% To $30.13 bn:
Nigeria’s foreign exchange reserves fell to $30.13 billion by Oct. 27, down 0.84 percent from
a month ago, Central Bank of Nigeria’s data showed on Friday.
Foreign reserves were down 22.43 percent year-on-year from $38.86 billion a year ago, the
data showed.

2. Count down to BVN deadline: Banks Enroll 21m Customers – NIBSS:
Nigeria Interbank Settlement System (NIBSS) said that about 21 million bank customers have
enrolled for the Biometric Verification Number (BVN), five days to the October 31st deadline
for enrolment. Meanwhile, the Company said it paid N234 million as electronic payment
incentives to 1,497,970 cardholders through 21 banks between November last year and June 30th
this year.
FG Downgrades Economic Growth Projections To 2.6%:
Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, who gave this hint in the
September 2015 Monetary Policy Committee, MPC, details released, yesterday, by the apex bank,
said the growth rate measured by Gross Domestic Products, GDP, is now 2.6 per cent, down from
5.5 per cent.
NCC fine: MTN Shares Plunge By About 20%:
MTN Group shares again plunged yesterday at the Johannesburg Stock Exchange, moving down by
0.94 per cent, the biggest four-day drop since 2008.
MTN shares have declined by about 20 per cent this week, valuing the company at about 284
billion rand ($21 billion).
The company has been having it rough since Monday when it announced it faces a $5.2 billion
fine from the Nigerian telecommunications regulator, NCC.
FBN Holdings Confirm Payment Of N1.87 Billion TSA Fine:
FBN Holdings has acknowledged the fine of N1.877 billion that was levied on it by the bank
regulator, CBN, for withholding the funds of the National oil company NNPC, due to be
remitted to the Treasury Single Account (TSA). It also confirmed that the fine has since been
paid.
UBA Admits To Being Fined A Whopping N2.8 Billion:
UBA Plc has issued a press release confirming that it was fined N2.8 billion by the CBN for
failing to remit a sum of N58.8 billion of the government funds to the Treasury Single
Account (TSA). The amount represents about 5% of the sum not remitted and would have been
avoided had the bank met the deadline of October 15.
GRAPHICAL ANALYSIS OF ALL SHARE INDEX PERFORMANCE FOR THE WEEK:

3. 2015 N’ m % Change
Gross Earning 229,082 184,435 24.2%
PAT 53,180 47,445 11.9%
ANALYSIS OF THE MARKET PERFORMANCE FOR THE WEEK
SECTORIAL PERFORMANCE DURING THE WEEK UNDER REVIEW
29700
29800
29900
30000
30100
30200
ASI
ASI
700
710
720
730
740
750
760
Consumer Goods
Consumer
Goods
Sectorial Performances:

4. TOP GAINERS TOP LOSERS
Symbols
Last
Close
Current Change Symbols
Last
Close
Current Change
OKOMUOIL 28 29.02 1.02 NESTLE 836 825.01 -10.99
ZENITHBANK 17.04 17.6 0.56 NB 144.16 136.85 -7.31
BERGER 9.31 9.77 0.46 UNILEVER 40.71 38.68 -2.03
UACN 26.22 26.48 0.26 DANGCEM 164.06 163.03 -1.03
WAPCO 95.8 96.01 0.21 PZ 25 24 -1
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Kindly look forward to the next edition.