Insights – PFI Group – Wealth Management

Bargain-Hunting in FTNCOCOA, RTBRISCOE, and TRANSCORP Lifts NGX by 1.51% WoW.

Date30 May 2023

Comment0

The Local Bourse, last week, appreciated as the NGX ASI gain 1.51% WoW, closing positive in four of five trading sessions. Bargain-hunting in large-cap stocks such as FTNCOCOA (+54.55%), RTBRISCOE...

CBN Raises MPR by 50bps to 18.5%, the third time in one year

Date25 May 2023

Comment0

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 50 basis points, from 18 percent to 18.5 percent, the third time...

Nigerian GDP Expanded by 2.31% in Q1’2023

Date24 May 2023

Comment0

According to data recently released by the National Bureau of Statistics (NBS), Real Gross Domestic Product (GDP) grew by 2.31 percent (year-on-year) in the first quarter of 2023, compared with...

Nigeria’s Inflation Hits 22.22% In April 2023, Highest in 19years

Date16 May 2023

Comment0

Nigeria’s headline inflation rate rose to 22.22% in April 2023, a 0.18% point higher than the 22.04% recorded in the previous month. According to the latest Consumer Price Index (CPI)...

Buy-interest in DANGSUGAR, BUAFOOD, and others, Boosts Bourse as NGX ASI gained 2.04% WoW.

Date02 May 2023

Comment0

The Nigerian Equities market last week closed higher, as the NGX ASI gained 2.04% WoW, closing positive in all trading sessions. Buy-interest in large-cap stocks such as DANGSUGAR (+14.04%), BUAFOOD...

Nigerian Breweries Head Quarters at Iganmu House Lagos Nigeria

EARNINGS UPDATE: NB Plc Exhibited Negative Outing in Q1’2023.

Date27 Apr 2023

Comment0

Consumer Goods giant, Nigerian Breweries Plc exhibited a negative outing in Q1’23 as Profit After Tax (PAT) declined by -21.29% to N10.715bn from N13.613bn in the corresponding period of 2022....

Nigerian Equities Depreciate by 309bps as Zenith, UBA Lead Losers.

Date26 Apr 2023

Comment0

The value of listed equities on the floor of the Nigerian Exchange Group (NGX) depreciated by N37bn and 309 basis points while the All-share Index and Market Capitalization declined by...

Earnings Update: Total Energies Nig. Plc FY’22

Date20 Apr 2023

Comment0

Cost of Sales, Finance Cost, and Taxation impaired the PAT When Total Energies Marketing Nigeria Plc closed its book for the 2022 financial year, its total revenue rose by 41.36%...