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 […]
Daily Market Update | 15-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive as its benchmark index gained 0.19% to settle at 71,014.34 points. This is on the back of gains recorded in BUACEMENT, GTCO and ONADO offsetting losses incurred in Zenith, Fidelity and UBA. Consequently, the market’s year-to-date returns (YtD) moved up to 38.56% from 38.29% yesterday. […]
Daily Market Update | 14-11-2023
Daily Market Update (Equities) The Nigerian Equities market rebounded from its negative outing yesterday, as its benchmark index gained 0.37% to settle at 70,876.35 points. This is onthe back of gains recorded in BUACEMENT, ZENITHBANK and GTCO offsetting losses incurred in FIDELITYBANK, INTBREW and TRANSCORP. Consequently, the market’s year-to-date returns (YtD) moved up to 38.29% […]
Daily Market Update | 09-11-2023
Daily Market Update (Equities) The Nigerian Equities market close the today on a positive note as its benchmark index rose by 0.10% to settled at 70,819.58 points. Consequently, the year-to-date returns printed at 38.18% YtD (vs. Yesterday: 38.04% YtD). The gains in FBNH, Fidelity and GTB offset losses incurred in Zenith, NASCON and DANGOTE SUGAR. […]
Daily Equities Market Update 25-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed the week with a decline in performance as its benchmark index fell by 0.2% to 67,206.16 points. As a result, its year-to-date (YtD) returns decreased to 31.13% (vs. Yesterday’s YtD: 31.15%). The losses recorded in , ETRANZACT, DEAPCAP, and ETERNA offset the gains incurred in MULTIVERSE, […]
Daily Market Update 24-10-2023
Today, the Nigerian equities market closed on a positive note as the bench mark index increased 0.51% to close at 67,217.77 points. Consequently, its Year-to-Date return printed at 31.15% (Yesterday: 30.49%). The strong performance was primarily driven by buying interest in Flour Mills, Chams, and Geregu offsetting the losses in ABC Tran, FTN Cocoa, and […]
