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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...

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...

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...

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...

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....

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...

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...

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...