Unilever Plc Exhibited Negative Performance In Q’2 2023, PAT Down -85.47%
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Date25 Jul 2023
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As rising #inflation, interest rates, and the cost of doing #business, continue to threaten businesses in #Nigeria, #Africa, and around the world, #Unilever Plc could not protect itself from the attendant negative impact of these exogenous factors. In its financial report for Q2’2023, the #Consumer Goods giant reported a shortfall in its Profit After Tax... Read More →
Nigerian Bourse Gains N1.33 Trillion to End the Week Bullish
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Date24 Jul 2023
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The Nigerian equities market last week recorded a bullish performance as the value of listed stocks appreciated by 3.89% (N1.33 trillion). The NGX All-share Index & Market Capitalization appreciated by 3.94% and 3.89% to close at 65,033.39 points and N35.40 trillion respectively. Year-to-Date return stood at 26.89%. Market breadth (a measure of investor sentiment) strengthened... Read More →
The Nigerian Equities Market Pointed Northwards on Thursday as Investors injected over N94.47 billion into stocks.
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Date20 Jul 2023
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Nigerian Equities Market pointed northwards on Thursday as investors injected over N94.47 billion into stocks, (UBA N13.306 billion). The NGX All-Share Index appreciated by 0.27% to close at N63,930.72 from 63,757.23 points. The bullish outing was driven by bargain-hunting in some bell-weather stocks such as DANGSUGAR (3.27%) and ETERNA (6.11%). Consequently, YTD returns rose to... Read More →
Investment Strategy Report for Half Year 2023
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Date19 Jul 2023
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It has been an eventful first half of 2023 for the global and local markets, with concerns ranging from bank failures in the U.S. and in Switzerland, rising inflation in major economies, and the war in Ukraine taking center stage. Our investment strategy report for H2’23 looks at global stocks performances, the bullish stance of... Read More →
Rising Food and Energy Prices Drive Nigeria’s Inflation to 22.79% in June’23
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Date18 Jul 2023
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Headline Inflation Rising prices of food items, occasioned by petrol subsidy removal, among others, have driven the rate of inflation to an all-time high, 22.79% compared with 22.41% in May’23. According to the latest Consumer Price Index (CPI), report by the National Bureau of Statistics (NBS), Nigeria’s inflation rate has increased for the sixth consecutive... Read More →
US Inflation Down to 3% in June 2023
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Date12 Jul 2023
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The Federal Reserve may likely pause rate hikes as #inflation continue to ease. The prices of #US goods and services hit a two-year low in June, a sign that inflation is continuing to ease as the economy responds to the US Federal Reserve’s rapid increases in interest rates. The latest consumer price index (CPI) figures, which... Read More →
Top Stories You May Have Missed from Last Week
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Date10 Jul 2023
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FG to shut down online banks pestering debtors The Federal Government, last week announced plans to delist any #loan application company that continues to harass or threaten its customers. This move was made known by the Federal Competition and Consumer Protection Commission (FCCPC). The agency added that it will instruct #Google to permanently delete such... Read More →
Like the Biblical Dry Bone, Nigeria’s Capital inflow can Rise Again if…
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Date10 Jul 2023
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According to the #Nigeria Bureau of Statistics (NBS), the total #capital importation into Nigeria in Q1 2023 stood at $1,132.65 billion, a 28% decrease compared to $1,573.14 billion recorded in Q1 2022. When compared to the preceding quarter, the nation’s statistics agency said that capital importation rose by 6.78 percent from $1,060.73 billion in Q’4... Read More →
Nigerian Equities Gained 3.40% as Investors Traded 9.8 Billion Shares in One Week
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Date10 Jul 2023
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The Nigerian Equities Market last week added 340bps as activity level skyrocketed by 191.81% WoW. The NGX All-share Index & Market Capitalization appreciated by 3.40% to close at 63,040.41 points and N34.33 trillion from 60,968.27 points and N33.20 trillion respectively. Year-to-Date returns stood at 23.00% and 22.97%. Market breadth strengthened in the just concluded week... Read More →
Nigeria’s Depleting External Reserve; How BAT Administration Can Make the Difference.
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Date03 Jul 2023
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Nigeria’s external #reserve was reported to have fallen by about $2.8 billion in the first half of 2023 according to a #CBN report. Since the new administration, analysts say that the nation’s foreign reserve has continued on a free fall down the reserve benchmark curve. Less than one month in office, the administration of President... Read More →