Daily Market Update | 16-05-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed positive, as the All-Share Index (ASI) surged by 0.13% to close at 98,156.71 points. As a result, the market’s year-to-date (YtD) returns rose to 31.27% from 30.18% YtD yesterday. However, market activity was positive today, with the total volume and value traded rising significantly by […]
April 2024 CPI Report – A Tale of Two Sides
A Tale of Two Sides Yesterday, the National Bureau of Statistics (NBS) released the Consumer Price Index (CPI) for April 2024. Inflationary pressures persisted as headline inflation climbed 49bps to 33.69% YoY compared to 33.20% YoY in March 2024. This uptick was driven by both food inflation (+52bps to 40.53% YoY) and core inflation (+94bps […]
