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Nigerian Bourse Closes the Week Negative as NGX Declines by 0.96% WoW.

Last week, the bears suppressed the bulls in the local bourse, as the NGX ASI sheds 0.96% WoW, closing negative in one of the five trading sessions. Profit-taking in large-cap stocks such as AIRTELAFRI (-6.02%), and FBNH (-1.70%) drove the local bourse southwards. Hence, at 53,804.46 points, the equities market’s Year-to-Date return decreased to 4.98%...
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Lorem ipsum dolor sit amet, consectetur adipisici elit, sed eiusmod tempor incidunt ut labore et dolore magna aliqua. Idque Caesaris facere voluntate liceret: sese habere. Magna pars studiorum, prodita quaerimus. Magna pars studiorum, prodita quaerimus. Fabio vel iudice vincam, sunt in culpa qui officia. Vivamus sagittis lacus vel augue laoreet rutrum faucibus. Nihilne te nocturnum...
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Lorem ipsum dolor sit amet, consectetur adipisici elit, sed eiusmod tempor incidunt ut labore et dolore magna aliqua. Idque Caesaris facere voluntate liceret: sese habere. Magna pars studiorum, prodita quaerimus. Magna pars studiorum, prodita quaerimus. Fabio vel iudice vincam, sunt in culpa qui officia. Vivamus sagittis lacus vel augue laoreet rutrum faucibus. Nihilne te nocturnum...
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WEEKLY MARKET UPDATE

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Commodities The commodities under our radar closed in a mixed territory last week with the energy commodities recording weekly decline due to the fear of the second wave of COVID-19. The metal commodities such as Gold, Silver and Copper however gained WoW. Brent declined significantly by -8.44% to close the week at $38.73/barrel while WTI...
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Implications of Nigeria’s Consumption Expenditure Pattern

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Implications of Nigeria’s Consumption Expenditure Pattern The latest consumption expenditure data from the NBS shows that Nigerians spent N40.21 trillion on food and non-food items in 2019, of which expenditure on food consumption outside of home was highest (11.43% of total consumption expenditure) followed by expenses on transport (6.44% of total consumption expenditure) and consumption of...
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Weekly Market Update

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Commodities The commodities under our radar closed in a positive territory (safe Gold) last week with Brent gaining the highest as demand for oil keeps building up due to gradual easing of lock-downs by countries. Brent grew by 7.71% to close the week at $37.84/barrel while WTI spiked by 5.24% to close at $35.32/barrel. Gold...
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Cras mattis consectetur purus sit amet fermentum. Sed posuere consectetur est at lobortis. Donec ullamcorper nulla non metus auctor fringilla. Donec sed odio dui. Aenean eu leo quam. Pellentesque ornare sem lacinia quam venenatis vestibulum. Cras mattis consectetur purus sit amet fermentum. Nullam id dolor id nibh ultricies vehicula ut id elit. Lorem ipsum dolor...
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