A Moderation in Sight? Yesterday, the National Bureau of Statistics (NBS) published the Consumer Price Index (CPI) for March 2024. Headline inflation sustained its upward trajectory, climbing 150bps to 33.20%…
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Daily Market Update (Equities) The Nigerian equities market started negative on note, as the NGX All-Share Index (NGX ASI) went down by 0.53% to close at 101,777.12 points. Consequently, the…
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Global Economy Earlier this week, the Governing Council of the European Central Bank (ECB) decided to keep its monetary policy rates unchanged. While overall inflation levels have been tapering, the…
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Daily Market Update (Equities) The Nigerian equities market opened the week on a negative note, with the NGX All-Share Index (NGX ASI) dipping 0.33% to close at 103,096.85 points. Gains…
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Global Economy Earlier this week, we saw data from China detailing that services activity growth in the country accelerated in March 2024 as new business rose at the fastest pace…
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Daily Market Update (Equities) The Nigerian Equities market closed negative for the fourth consecutive day, as it posted a 0.29% decline to 103,437.67 points in today's trading session. This is…
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Daily Market Update (Equities) The Nigerian Equities market continued its negative trajectory this week, falling by 0.43% to 103,736.08 points in today's trading session. This is following losses in GTCO,…
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Where are Yields Rising to? At the end of March 2024, the secondary Fixed Income (FI) market continued to note upward pressure on yields on a Month-on-Month (MoM) basis. The…
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Daily Market Update (Equities) The Nigerian Equities market continued its negative streak and posted a 0.32% decline to 104,181.32 points in today's trading session. Consequently, the market's year-to-date (YtD) returns…
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Review of Minimum Capital Requirements for Banks On the 28th of March 2024, the Central Bank of Nigeria announced the much-anticipated bank recapitalization guideline. For the recapitalization exercise, the CBN…
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