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Nigerian Equities Market Closes H1’23 in the Green, NGX All-Share Index Up 298bps.

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Date03 Jul 2023
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The Local Bourse closed H1’2023 in the positive territory, as the NGX All-share Index & Market Capitalization appreciated by 2.98% to close at 60,968.27 points and N33.20 trillion from 59,206.63 points and N32.24 trillion respectively. Year-to-Date return stood at 18.96% and 18.93% respectively. However, Market breadth weakened in the just concluded week by -26.33% to...
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Top Stories You May Have Missed from Last Week

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Date03 Jul 2023
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Subsidy Removal: W/Bank Projects N3.9trn Savings for Nigeria by December The World Bank last week made a projection of about N3.9 trillion in revenue savings for Nigeria to enable it to reduce the current fiscal deficit resulting from its recent subsidy removal on petrol .Source https://bit.ly/3PGQ531 External reserves fall by $3bn in six months –...
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Top Five Budget-Friendly Holiday Destinations to Explore with Travel Finance.

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Date26 Jun 2023
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If exploring or enjoying world vacation destinations is one of the priorities on your bucket list, then keep reading this. Traveling on a budget helps you become more conscious about your expenditure while enjoying your holiday and exploring your choice of travel destinations. One of the benefits of Travel Finance is that it gives you...
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Electricity Subsidy Removal: FG’s Last Shot in the First Month

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Date26 Jun 2023
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Subsidy removal on Electricity by July 2023, is the last shot of the new administration of President Bola Amed Tinubu in His first month in office. Recall the President announced that “petrol subsidy is gone’ on May 29, in his inaugural speech. Since then, the price of Petroleum Motor Spirit (PMS) has sold at an...
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BLUE ADVISOR: Top Stories You May Have Missed from Last Week

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Date26 Jun 2023
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Debt Management Office, DMO gives F.G. conditions for further borrowing as Nigeria’s total public debt hits N68.9tn. A new figure from Nigeria’s Debt Management Office last week puts Nigeria’s total public debt at N68.9 trillion while cautioning the Federal Government on borrowing further without taking certain steps  Read more here https://bit.ly/3Ps4Iaf Nigeria ranks Second Most Cyber-Secure African...
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Nigerian Bourse Closes the Week in the Green, NGX All-Share Index Up 0.34%

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Date26 Jun 2023
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Trading on the floor of the Nigerian Equities Market last week closed positive, as the All-share Index & Market Capitalization appreciated by 34bps and 0.36 percent to close at 59,206.63 points and N32.24 trillion. Year-to-Date return stood at 15.48%. Market breadth (a measure of investor sentiment) weakened in the just concluded week by -44.79% to...
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Investors may find Ghana’s Eurobond more Attractive Compared to Other West African Countries.

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Date23 Jun 2023
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Ghana’s #Eurobond may become more attractive to #investors as the country’s economy shows signs of improvement in the first quarter of #2023 compared to 2022. The data shine the spotlight on #Ghana as the fastest economy among its West #African counterparts since the second quarter of 2022 according to the #WestAfrica country’s statistics agency on...
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NGX ASI Surged 5.49% WoW Highest in 5 Months, driven by Sustained Buy-Interest in FTNCOCOA, UNITYBNK, and STERLINGNG.

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Date19 Jun 2023
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The Nigerian bourse last week increased by 5.49% driven by sustained buy-interest in FTNCOCOA (+45.16%), UNITYBNK (+41.67%) and STERLINGNG (+29.39%) sustained bullish performance. Hence, at 59,000.96 points the equities market Year-to-Date return increased to 15.12% as market capitalization appreciated by N549million to close at N32.13trillion Market breadth (a measure of investor sentiment) strengthened in the...
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INFLATION: Rise in Food Prices Pushes Nigeria’s Inflation to 22.41% in May 2023.

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Date15 Jun 2023
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The Nigeria Bureau of Statistics (MBS) says that the headline inflation rate for Nigeria in May increased to 22.41% relative to the April 2023 figure of 22.22%. This was contained in the report released by the statistics office on Thursday, June 15, 2023. Looking at the movement, the May 2023 inflation rate showed an increase...
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Nigerian Student Loan: The Good, Bad, and the Ugly

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Date15 Jun 2023
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President Bola Tinubu’s led Federal Government of Nigeria on June 12, as part of the country’s 24th Democracy Day celebration, signed the “Student Loan Bill” into law in fulfillment of his campaign promises, a gesture that gained nods from Nigerians, especially low-come earners This means that an average family in Nigeria could now boast of...
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