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APRIL 2022 INFLATION REPORT – Prices of Bread and Cooking Gas soars High as Nigeria’s Food Inflation hit 18.8%.

The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation, rose by 16.82% Year-on-Year (YoY) in Apr’22. This is 0.90% higher than the rate recorded in Mar’22 (15.92%) but 1.30% lower than Apr’21 (18.12%). The headline inflation spiraled upward, in line with previous month’s hike. The increase recorded in...
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The Nigerian Equities Market

Last week, the domestic bourse maintained its positive trajectory as bellwether stocks recorded gains. The NGX ASI advanced by 4.25%, closing positive in four of the five trading sessions during the week. It increased on the back of buying interest in large caps such as OKOMUOIL (+26.47%) and PRESCO (+17.65%). Consequently, at 53,098.46 points, the...
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EARNINGS UPDATE – AIRTEL AFRICA PLC FY` MARCH 2022

Revenue Growth on the back of Increased Customer Base Airtel Africa Financial Year ended Mar-2022 revenue grew by 20.6% for the year to close at $4714.55Mn, and 17.84% for Q4. This could largely be attributed to an increased customer base, as it rose by 8.7% to 128.4mn (previously 118.20mn). A further breakdown of the customer...
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Q1’2022 Earnings – BUA CEMENT PLC

An increase in demand amidst rising prices spurred topline growth. From the recently released Q1`22 unaudited financials, BUACEMENT’s recorded an impressive topline performance. Revenue advanced significantly by 58.50% to N96.99 billion on the back of increased price and volume of cement, which is their main line of business. On the other hand, the Cost of...
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MPC maintains status quo at the end of the 2022 maiden meeting.

The maiden MPC meeting of the Central Bank of Nigeria, CBN, for 2022 ended yesterday, maintaining all parameters. This according to the CBN was geared towards supporting Economic Growth Given the peculiarity of Nigeria’s problem of fuel and diesel scarcity, which exacerbated the core inflation beyond the economic quagmire aggravated by the Russia-Ukraine crisis, six...
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