Masonry Fullwidth

Investment 101

September 30, 2023

4 Things to do to Ensure Your Investment Goals are Met Before the End of the Year  

The “Ember months” are here and you know what that means - the year is coming to an end. While most people spend time reflecting on how the year has…

ARM 0

Love0

Weekly Market Update

September 29, 2023

Weekly Commentary and Stock Recommendation: 25th September – 29th September 2023

Global Economy According to the US Bureau of Economic Analysis, the US real GDP increased at an annual rate of 2.10% in Q2:2023 (vs. 2.20% in Q1:2023) according to its third…

ARM Research Team 0

Love0

Daily Market Update

September 29, 2023

Daily Market Update | 29-09-2023

Daily Market Update (Equities) The Nigerian Equities market closed negative as its benchmark index fell by 0.10% to 66,382.14 points (Year-to-Date returns: 29.52%). Gains in BUAFOODS, DANGCEM and DANGSUGAR were…

ARM Research Team 0

Love0

Daily Market Update

September 28, 2023

Daily Market Update | 28-09-2023

Daily Market Update (Equities) The Nigerian Equities market continued its negative run as its benchmark index lost 0.31% to 66,448.63 points. As a result, its year-to-date (YtD) returns fell to…

ARM Research Team 0

Love0

Daily Market Update

September 26, 2023

Daily Market Update | 26-09-2023

Daily Market Update (Equities) The Nigerian Equities market stayed in the red zone in today's trading session, as its benchmark index shed 0.34% to 66,652.17 points. Consequently its year-to-date (YtD)…

ARM Research Team 0

Love0

Investment 101

September 25, 2023

Mutual Funds: Your Pathway to Financial Freedom 

Many of us dream of being financially free and one smart way to turn that dream into reality is by investing in mutual funds. Investing not only helps you get…

ARM 0

Love0

Daily Market Update

September 25, 2023

Daily Market Update | 25-09-2023

Daily Market Update (Equities) The Nigerian Equities market began the week on a negative note as its benchmark index declined by 0.66% to settle at 66,882.64 points. Notably, the gains…

ARM Research Team 0

Love0

UncategorizedWeekly Market Update

September 25, 2023

Weekly Commentary and Stock Recommendation: 18th September – 22nd September 2023

Global Economy The Bank of England left interest rates unchanged on Thursday for the first time in nearly (2) two years during a long-running battle against persistently high inflation. Consequently,…

ARM Research Member 0

Love0

Daily Market Update

September 21, 2023

Daily Market Update | 21-09-2023

Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 0.09% to settle at 68,217.14 points in today's trading session. Consequently, the…

ARM Research Team 0

Love0

Daily Market Update

September 20, 2023

Daily Market Update | 20-09-2023

Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 0.03% to settle at 68,335.72 points in today's trading session. Consequently, the…

ARM Research Team 0

Love0

Daily Market Update

September 19, 2023

Daily Market Update | 19-09-2023

Daily Market Update (Equities) The Nigerian Equities Market ended the day on a positive note as its benchmark index rose by 0.71% to settle at 68,359.22 points. Consequently, the Year-to-Date…

ARM Research Team 0

Love0

Daily Market Update

September 18, 2023

Daily Market Update | 18-09-2023

Daily Market Update (Equities) The Nigerian Equities Market kicked off the week on a positive note as its benchmark index rose by 0.71% to close at 67,877.17 points. Consequently, the…

ARM Research Team 0

Love0

Economic Reports

September 15, 2023

Weekly Commentary and Stock Recommendation: 11th September – 15th September 2023

Global Economy According to its September Global Economic Outlook report, Fitch Ratings has revised up its forecast for world growth in 2023 by 0.1% to 2.5%, reflecting surprising resilience so…

ARM Research Team 0

Love0

Economic Reports

September 15, 2023

August 2023 CPI Report | Elevated Price Level – The New Normal?

Elevated Price Level – The New Normal? Earlier today, the National Bureau of Statistics (NBS) released its inflation report for August 2023. Headline inflation continued to surpass its 18-year high…

ARM Research Team 0

Love0

Investment 101

September 14, 2023

ARM’s Innovation Program: Nurturing Africa’s Startup Stars

On August 31, 2023, we celebrated a remarkable milestone with the 5th cohort of the ARM Labs Innovation Program. Hosted at our Lagos HQ, this Demo Day showcased the future…

ARM 0

Love0

Daily Market Update

September 14, 2023

Daily Market Update | 14-09-2023

Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 0.06% to settle at 67,335.3 points in today's trading session. Consequently, the…

ARM Research Team 0

Love0

Earnings Report

September 13, 2023

H1:2023 United Bank for Africa Plc Earnings Result | Marked by Increased Fair Value Gain on Derivatives

  UBA’s H1:2023 financial results mirrored the earnings growth across its Tier-1 peers on the back of the FX liberalization policy implemented during the period. Gross earnings increased by 163.66%…

ARM Research Team 0

Love0

Daily Market Update

September 13, 2023

Daily Market Update | 13-09-2023

Daily Market Update (Equities) The Nigerian Equities Market closed the day positive as its benchmark index rose by 0.93% to settle at 67,378.88 points in today's trading session. Consequently, the…

ARM Research Team 0

Love0

Daily Market Update

September 12, 2023

Daily Market Update | 11-09-2023

Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 1.24% to settle at 67,296.18 points in today's trading session. Consequently, the…

ARM Research Team 0

Love0

Daily Market Update

September 12, 2023

Daily Market Update | 12-09-2023

Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 0.80% to settle at 66,760.20 points in today's trading session. Consequently, the…

ARM Research Team 0

Love0

Earnings Report

September 12, 2023

H1:2023 Zenith Bank Plc Earnings Result | FX Revaluation Gains to the Rescue

  Zenith Bank Plc published its H1:2023 interim financial results, recording a 138.51% YoY expansion in Gross Earnings to NGN931.12bn. This is on the wheels of a tremendous increase in…

ARM Research Team 0

Love0

Corporate Press Releases

September 12, 2023

FTSE Russell Downgrades Nigeria’s Market Status

Recently, FTSE Russell announced the downgrading of Nigeria’s FTSE Equity Country Classification Status from a Frontier market status to an Unclassified market status. Furthermore, from September 18th 2023, Nigerian index constituents…

ARM Research Team 0

Love0

Corporate Press Releases

September 12, 2023

FX Policy Reforms: CBN Guidance to the Banking Sector

Yesterday, the Central Bank of Nigeria (CBN) released a letter highlighting prudential guidelines to the banking sector, following the impact of the recent foreign exchange (FX) rate regime change. The…

ARM Research Team 0

Love0

Weekly Market Update

September 8, 2023

Weekly Commentary and Stock Recommendation: 4th September – 8th September 2023

Global Economy In Q2:2023, seasonally adjusted GDP increased by 0.10% QoQ in the Euro Area and was stable in the European Union (EU), according to Eurostat. In Q1:2023, GDP had…

ARM Research Team 0

Love0

Economic Reports

September 8, 2023

Q2:2023 Foreign Trade in Goods Statistics | Balance of Trade Maintains Positive Streak

Yesterday, the National Bureau of Statistics (NBS) released the Foreign Trade in Goods statistics for Q2:2023. On a Quarter-on-Quarter (QoQ) basis, Total Trade increased by 5.77% to NGN12.74trn (vs. NGN12.05trn…

ARM Research Team 0

Love0

Daily Market Update

September 8, 2023

Daily Market Update | 08-09-2023

Daily Market Update (Equities) The Nigerian Equities Market closed the week positive as its benchmark index rose by 0.09% to settle at 68,143.34 points in today's trading session. Consequently, the…

ARM Research Team 0

Love0

Daily Market Update

September 7, 2023

Daily Market Update | 7-09-2023

Daily Market Update (Equities) Today, the Nigerian Equities Market closed on downward note as its benchmark index reduced by 0.30% to 65,082.11 points. Consequently, its Year-to-Date returns settled at 32.84…

ARM Research Team 0

Love0

Daily Market Update

September 6, 2023

Daily Market Update | 6-09-2023

Daily Market Update (Equities) Today, the Nigerian Equities Market closed negative as its benchmark index decreased by 0.07% to 65,286.28 points. Hence, its Year-to-Date returns settled at 33.24 from 33.33%…

ARM Research Team 0

Love0

Earnings Report

September 6, 2023

H1:2023 GTCO Earnings Result | Remarkable Performance Riding on FX Revaluation Gains

In its recently released earnings results for the first half of 2023 (H1:2023), GTCO’s Gross Earnings jumped by 181.08% year-on-year (YoY)  to NGN672.60bn mainly due to the spike in non-interest…

ARM Research Team 0

Love0

Research

September 6, 2023

Oando Proposed Acquisition

Italian energy company Eni has agreed to sell its local subsidiary, Nigerian Agip Oil Company (NAOC) Ltd, to Oando Plc, a Nigerian energy company listed on both the Nigerian and…

ARM Research Member 0

Love0