Don’t Gamble With The Future
“Another school year starts in September” Deji thought as he watched his son and daughter sleep. He didn’t know that raising children will be this expensive and as a single dad, he practically had to pay for so much to give his children the comfort he knew they’d have had if their mum hadn’t passed.
Daily Market Update|03-09-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive with the NGX All-Share Index (ASI) surging by 0.08% to settle at 96,873.74points. Consequently, the market’s year-to-date (YtD) returns increased to 29.56% compared to 28.45% Yesterday. Today, the total volume and value traded decreased by 5.04% to 473.00mn units and 5.67% to 10.42bn. OANDO […]
Daily Market Update | 27-08-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive with the NGX All-Share Index (ASI) surging by 0.49% to settle at 96,510.13 points. Also, the market’s year-to-date (YtD) returns increased to 29.07% compared to 28.44% on Monday. Today, the total volume traded increased by 17.49% to 443.16mn units and value traded increased by […]
Weekly Commentary and Stock Recommendation: 19th August – 23rd August 2024
Global Economy Earlier this week, S&P Global released a series of Purchasing Managers’ Index (PMI) reports for the US, UK and Eurozone. The headline S&P Global Flash US PMI Composite Output Index edged down from 54.3 points in July 2024 to a four-month low of 54.1 points in August 2024. Output has now risen continually […]
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 […]
March 2024 CPI Report: A Moderation in Sight?
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% Year-on-Year (YoY), up from 31.70% YoY recorded in February 2024. This was driven by significant increases in its two (2) main subcomponents: food (+209bps to […]
5 Ways to Earn More Money
While money might not be the most important thing, we all still need it to live comfortably. Think about it: rent or mortgage, groceries, clothes, fun stuff, and maybe school expenses for kids – it all adds up fast! Sometimes, the money we make from our regular job isn’t enough for everything. Even if it […]
Banking Sector Update | Review of Minimum Capital Requirements for Banks
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 defined the minimum capital for existing banks as paid-up capital and share premium only. This definition effectively excludes shareholders’ funds from the computation. Kindly […]
Weekly Commentary and Stock Recommendation: 11th March – 15th March 2024
Global Economy Earlier this week, the US Census Bureau released retail trade data. According to the Census Bureau, advance estimates of U.S. retail and food services sales for February 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were USD700.7bn, up 0.6% MoM from January 2024, and up […]
Daily Market Update | 31-01-2024
Daily Market Update (Equities) Today, the Nigerian Equities market witnessed a decline for second time this week as the All-Share Index (ASI) dropped by 1.89% to settle at 101,154.13 points. This was driven by losses in MTN, Zenith Bank and GTCO, which offset the gains in Geregu, PZ Cussons and Vitafoam. Consequently, the market’s year-to-date […]
