Nigeria’s Apex Bank, CBN raises Monetary Policy Rate to 13%, to rein in Inflationary Pressures.
All of the Monetary Policy Committee members voted for an upward review of the Monetary Policy Rate (MPR), given that Nigeria’s headline inflation increased by 16.82% in April 2022 compared to 15.92% in March 2022. The MPR was increased to... Read More →
NGX Records Close the Week Negative Performance in 4 of 5 trading sessions, ASI declined by 0.22%
Bearish sentiment returned to the local bourse after 5 consecutive weekly gains. NGX ASI declined by 0.22%, closing negative in 4 of the 5 trading sessions during the week. Bearish sentiment returned to the local bourse after 5 consecutive weekly... Read More →
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%).... Read More →
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... Read More →
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,... Read More →
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... Read More →
NGX ASI Advanced by 2.00%, as Nigerian Bellwether Stocks Recorded Gains in all Four Trading Sessions of the Week.
The domestic bourse sustained bullish sentiment as bellwether stocks recorded gains throughout the trading week. NGX ASI advanced by 2.00%, closing positive in all of four trading sessions during the week. It increased on the back of buying interest in... Read More →
Inflation: Nigeria’s inflation Inches 0.22% Higher in March 2022 to print at 15.92%.
The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Nigerian Bureau of Statistics Friday, 15, April, released the inflation index. From the report, the Consumer Price Index (CPI), which measures inflation rose by 15.92% Year-on-Year (YoY) in Mar. This is... Read More →
NGX ASI Advanced by 1.99%, closing positive in all four trading sessions of the week
Positive sentiment returned in the local bourse as large-cap stocks recorded gains throughout the trading week. NGX ASI advanced by 1.99%, closing positive in all of the four trading sessions during the week. It increased on the back of buying... Read More →
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,... Read More →