Local Market Economic Updates
Concrete roads: Cement price to hit N9,000, say manufacturers The Cement Producers Association of Nigeria has warned that the ongoing plan of the federal government to introduce concrete roads will... Read More →
Insights
Nigeria’s Headline Inflation Prints 25.8% in August On FX Scarcity, High Transport Cost, Others
Headline Inflation As the global economies continue to battle accelerating inflation, the Nigeria Headline Inflation prints 25.80% in August 2023, 1.72% rise compared with 24.04% in July. According to the... Read More →
Nigeria’s Headline Inflation Prints 25.8% in August On FX Scarcity, High Transport Cost, Others
Headline Inflation As the global economies continue to battle accelerating inflation, the Nigeria Headline Inflation prints 25.80% in August 2023, 1.72% rise compared with 24.04% in July. According to the... Read More →
Nigerian Equities Market Nosedives as Investors Expect High Inflation Numbers, NGX-ASI Down 0.12%
Nigerian Equities Market closed bearish on Thursday as investors anticipates high inflation numbers. The NGX All-Share Index decline 12bps to close at 67,335.30 points from 67,414.40 points. The negative outing... Read More →
Nigerian Bourse Bounces Back After Days Decline, NGX-ASI Up 0.98%
Nigerian Equities Market recovered from two consecutive declines in the new week . The NGX All-Share Index advanced 98bps to close at 67,414.40 points from 66,760.20 points. The bullish performance... Read More →
Equities Market Extend Decline As Banking Stock Tumbles, NGX Shed 1.24%
Equities Market Extend Decline As Banking Stock Tumbles, NGX Shed 1.24% Nigerian Equities Market opened the week in the red as Banking Stocks slide backward. The NGX All-Share Index depreciated... Read More →
Local Market Economic Updates
Fitch Affirms Union Bank of Nigeria PLC at ‘B-‘; Outlook Stable Fitch Ratings has affirmed Union Bank of Nigeria PLC’s (UBN) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a... Read More →
Nigerian Equities Market Point Southwards as Profit-taking Persist, NGX All-Share Index Lost 0.31%
The Nigerian Equities Market closed in the red on Thursday as investors continue to harvest accumulated interest in some large-cap stocks. The NGX All-Share Index went down by 31bps to... Read More →