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NIGERIA’S INFLATION REPORT – SEPTEMBER 2021

The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation rose by 16.63% Year-on-Year (YoY) in Sept’21. This is 0.38% lower than the rate recorded in Aug’21 (17.01%). The headline inflation rate eased for a sixth consecutive month largely as food inflation continued to decelerate despite Naira’s ongoing depreciation....
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WEEKLY MARKET UPDATE:

The NSE ASI closed the week in green by 1.61% as it closed positive in all the 5 trading sessions during the week as a result of buy pressures in bellwether stocks such as FBNH (+21.74%) and ETERNA (+10.00%). Consequently, at 40,868.36 points, the equities market’s Year-to-Date return improved to 1.48% as market capitalization increased...
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E-Naira Digital Currency: What You Need to Know.

Some weeks ago, the Central Bank Governor, Mr Godwin Emefiele announced that Nigeria plans to launch its own digital currency, called the “eNaira”. This is a central bank digital currency (CBDC), which is the virtual format of a fiat currency or a digital token of the official currency. This move by the CBN follows a...
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WEEKLY MARKET UPDATE

The NSE ASI closed the week in green by 0.05% despite closing positive in 2 of the 5 trading sessions during the week as a result of buy pressures in bellwether stocks such as CONOIL (14.09%) and MRS (9.75%). Consequently, at 38,962.28 points, the equities market’s Year-to-Date return improved to -3.25% as market capitalisation increased...
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The Nigerian Equities Market: Weekly Review

The NSE ASI closed the week in green by 0.01% as it closed positive in 3 of the 5 trading sessions during the week as a result of buy pressures in bellwether stocks such as ETERNA (18.11%) and GLAXOSMITH (11.48%). Consequently, at 39,485.65 points, the equities market’s Year-to-Date return improved to -1.95% as market capitalisation...
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Weekly Market Review

The NSE ASI closed in bearish form WoW by 0.10% as it closed negative in 3 of the 5 trading sessions during the week as a result of sell pressures in bellwether stocks such as NESTLE (-9.09%) and NB (-8.77%). Consequently, at 39,483.08 points, the equities market’s Year-to-Date return worsened to -1.96% as market capitalisation...
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Q1 2020 Earnings Update- DANGCEM

Revenue Growth on the back of sustained Demand DANGCEM H1’2021 double-digit growth in Revenue by 44.81% y/y to close at N690.55bn could largely be attributed to higher sales volumes during the period, arising from the surge in volumes sold to 15.3mmt and higher Revenue per tonne by 14.5% y/y to N45,133.66. The significant growth reflects sustained demand...
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CBN MPC Resolution – Implications

The Possible Implications of the CBN Resolutions on FX (Foreign Exchange) Sales and BDCs (Bureau De Change) At the end of the fourth Monetary Policy Committee (MPC) meeting for the year, which held on the 26th and 27th July 2021, the CBN held all policy parameters constant (MPR at 11.5%, asymmetric corridor maintained at +100bps/-700bps,...
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Weekly Market Review. July 19th –23th 2021

The NSE ASI closed in bullish form WoW by 1.90% as it closed in green in all of the 3 trading sessions during the week as a result of buy pressures in bellwether stocks such as TOTAL (20.95%) and OANDO (20.67%). Consequently, at 38.667.90 points, the equities market’s Year-to-Date return improved to -3.98% as market...
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