Stock Market Update: NGX records 0.44% Decline Week on Week.
Bearish sentiment persists in the local bourse as the NGX ASI declined by 0.44% WoW, closing negative in 4 of the 5 trading sessions. It fell on significant decreases in high-value stocks such as BETAGLASS (-9.96%) and UACN (-6.82%). Consequently,... Read More →
An uptick in the Price of Food and Non-Farm Produce, drive Nigeria’s Inflation Up to 19.64% in July 2022.
The Consumer Price Index (CPI), which measures inflation, rose by 19.64% Year-on-Year (YoY) in Jul’22. This is 1.04% and 2.26% higher than the rate recorded in Jun’22 (18.60%) and Jul’21 (17.38%). The headline inflation spiraled upward, in line with the previous month’s... Read More →
The Nigerian Equities Market
The Local Bourse rebounded from its negatory territory as it increased by 0.70% WoW, despite closing negative in three of the five trading sessions during the week. It improved on the back of buying pressures in large caps such PZ... Read More →
The Nigerian Equities Market: Weekly Review
The NSE ASI closed the week in green by 0.01% as it closed positive in 3 of the 5 trading sessions during the week as a result of buy pressures in bellwether stocks such as ETERNA (18.11%) and GLAXOSMITH (11.48%).... Read More →
CBN MPC Resolution – Implications
The Possible Implications of the CBN Resolutions on FX (Foreign Exchange) Sales and BDCs (Bureau De Change) At the end of the fourth Monetary Policy Committee (MPC) meeting for the year, which held on the 26th and 27th July 2021,... Read More →