Author Archives: InvestAdvocate

Cooking Gas Price Up 13.02% Year-on-Year to N2,262.79 in December 2017-NBS

January 15, 2018/NBS Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -4.84% month-on-month and increased by 13.02% year-on-year to N2,262.79 in… Read more »

42% of Capital Projects in the 2018 Proposed Budget has no direct impact on citizens – BudgIT

January 16, 2018/BudgIT BudgIT decries the masking of several opaque administrative items as capital projects just to shore up the percentage of capital component in the 2018 budget. Recent analysis… Read more »

The Elusive Tipping Point in Asset Allocation; AUM Increases by 23.1% to N7.41trn in November

Culled—Proshare January 16, 2018/FBNQuest Research  The assets under management (AUM) of the Nigerian regulated pension industry increased by 23.1% y/y in November to N7.41trn (US$24.2bn), and by 1.5% m/m. They… Read more »

World Bank Projects 2.5% Growth for Nigeria in 2018

Culled—Proshare January 16, 2018/FDC  World Bank forecasts that Nigeria’s economic growth will spike to at least 2.5% in 2018 from a 1% growth in 2017 on the back of improved… Read more »

Nigeria’s Inflation Eases Eleventh Consecutive Month to 15.37% in December 2017

January 16, 2018/NBS The Consumer Price Index (CPI) which measures inflation ended the year 2017 with an increased by 15.37 percent (year-on-year) in December 2017. This was 0.53 percent points… Read more »

GAC Motor Secures Exclusive Rights for the Second Season of FORBES AFRICA: My Worst Day with Peace Hyde

January 16, 2018/CNBC Africa Guangzhou Automobile Company (GAC Motor) (, one of the top five biggest Chinese automobile manufacturers, has secured the exclusive rights for the flagship FORBES AFRICA television show, My Worst Day with Peace Hyde. The… Read more »

2018 Outlook: NSE Says Demutualization Bill Expected in 2018

 Emerged 3rd best performing stock exchange in the world  Market turnover increased by 121%  Set to become a more agile and flexible demutualized securities exchange January 16,… Read more »

Intraday Update: NSE Benchmark Index up +1.51% amid 2018 Outlook

January 16, 2018/InvestmentOne Report ASI as at 12.00pm: +1.51%  Market movers: FBNH (+10.21%), DIAMONDBNK (+9.96%), VITAFOAM (-4.95%), WAPCO (-3.37%).  Sector Performances: Banking (+3.94%), Consumer Goods (+0.42%), Oil & Gas (+0.26%),… Read more »

NSR H1 2018 – Africa Economy Back From The Brink

Culled—Proshare 15/1/2018/ARM Research  Executive Summary Given recently released data and estimates, Africa’s economy is back from the brink and on course for a modest recovery in 2017 as higher global… Read more »

Cryptocurrencies Must be Regulated On A Global Scale – German Central Banker

Culled—Proshare 15/1/2018/coindesk / Regulations image via Shutterstock   The director of German’s central bank believes that bitcoin should be regulated through an international set of rules rather than on a… Read more »