Daily Market Update | 27-07-2023
Daily Market Update (Equities) The Nigerian Equities market closed negative for the second consecutive time this week, as its benchmark index declined by 0.31% to settle at 65,482.91 points. As a result, its Year-to-Date return dropped to 27.77% from 28.17% yesterday. The market movers for today include Ecobank, Access, TotalEnergies, Skyway and Jaiz. Today, JAPAULGOLD […]
9M:2022 Nigerian Cement Sector Report: Sustaining Growth Amid Headwinds
In this report, we analyzed the Nigerian cement sector as well as the key players in the space. Competitive Landscape of the Nigerian Cement Industry The Nigerian cement sector is Oligopolistic, with three major cement producers leading the charge to cater for cement demand in the most populated country in Africa. Before the entry of […]
Nigerian Telecommunications Sector Report 2023 – A Beacon of Hope
In this report, we took a look at the Nigerian telecommunications sector and analyzed what shaped the space in 2022. We also gave our views on the performance of MTN Nigeria and Airtel Africa. Executive Summary 2022FY in the global economy was pervaded by uncertainties as the Russian-Ukraine conflict persisted, causing supply-chain disruption and rising […]
H1:2023 FBNH Earnings Result | Impressive Performance Rode on Fair Value Gains
In this report, we analyze the recently released financial results of FBN Holding Plc for the first half of 2023 and give our opinion of what the full-year performance would look like considering present realities and we revise our target price expectations for its stock price for the end of the year. Executive Summary In […]
Post MPC Meeting Report – Hawkish MPC Tightens the Asymmetric Corridor
During the 292nd Monetary Policy Committee (MPC) meeting conducted on the 24th and 25th of July 2023, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) maintained its hawkish streak, for the eighth (8th) consecutive time since May 2022. The Monetary Policy Committee (MPC) decided to increase the Monetary Policy Rate (MPR) by 25bps to […]
