Author: InvestAdvocate

Headline Inflation expands by 23bps to 15.63% y/y in December 2021

January 17, 2022/Cordros Update Nigeria’s headline inflation snapped an eighth consecutive month of moderation, as it expanded by 23bps in December 2021 to 15.63% y/y (November 2021: 15.40% y/y). The outturn is 83bps higher than Cordros and Bloomberg’s median consensus estimate (14.8% y/y). Month-on-Month, headline inflation rose by 74bps to 1.82% […]

Nigerian Equities Market Starts Week Negative -0.12% Dragged by Banking Counters

January 17, 2021/InvestmentOne Update The Nigerian equities market closed southwards by 0.12% as NGX-ASI closed at 44,399.66pts.  In today’s trade, market breadth index was negative with 22 losers against 16 gainers.  VERITASKAP (-8.70%) led the losers, while TIP (+10.00%) was the top gainer today.  TRANSCORP (-5.26%) was the most actively traded stock with about 39million units of shares worth about […]