CBN Raises MPR by 50bps to 18.5%, the third time in one year
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Date25 May 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
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 in one year. Recall that the CBN had raised MPR... Read More →
Nigerian GDP Expanded by 2.31% in Q1’2023
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Date24 May 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
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 3.11 percent in the corresponding quarter of 2022 and 3.52... Read More →
EARNINGS UPDATE: NB Plc Exhibited Negative Outing in Q1’2023.
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Date27 Apr 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
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. This is partly due to the company’s inability to upscale... Read More →
Nigerian Equities Depreciate by 309bps as Zenith, UBA Lead Losers.
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Date26 Apr 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
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 1.08% to close the week at 51,355.74 and N27.96 trillion... Read More →
Earnings Update: Total Energies Nig. Plc FY’22
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Date20 Apr 2023
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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% to N482.47bn compared to N341.31bn recorded in 2021. However, this... Read More →
Local Bourse Extends Bullish Run as NGX ASI Gained 0.48% WoW.
Local Bourse extended its bullish run last week, as the NGX ASI gained 0.48% WoW, closing positive in three of the five trading sessions. Buy-interest in large-cap stocks such as DANGCEM (+3.60%), and MTNN (+1.40%) drove the local bourse northwards.... Read More →
Implications of Nigeria’s Consumption Expenditure Pattern
Implications of Nigeria’s Consumption Expenditure Pattern The latest consumption expenditure data from the NBS shows that Nigerians spent N40.21 trillion on food and non-food items in 2019, of which expenditure on food consumption outside of home was highest (11.43% of total... Read More →
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Video Post Format
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Macroeconomic Update- Inflation
A Continuous Rise in Headline Inflation The April 2020 Consumer Price Index (CPI) report released by the NBS shows that Nigeria’s inflation rate increased by 8bps to 12.34% from 12.26% recorded in March. This is the eighth consecutive month of... Read More →