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Domestic Bourse Closes Lower by -0.1% on Sell-Offs in FBHN, WAPCO

May 18, 2022/Cordros Report EQUITIES The Nigerian equities market sustained its descent following selloffs in FBNH (-3.2%) and WAPCO (-2.4%). Thus, the All-Share closed lower by 0.1% to 52,721.34 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to +6.2% and +23.4%, re0.1%spectively. The total volume of trades declined by 53.8% […]

Oil Markets Are Bracing For A Slew Of Bullish News

May 17, 2022/OilPrice.com Chart of the Week – Chinese refinery runs have dropped to their lowest in the country’s post-pandemic history, declining a whopping 1.2 million b/d month-on-month to a monthly average of 12.6 million b/d.  – As the Shanghai lockdown was supplemented by restrictions in other key demand hubs, […]

April 2022 Inflation Report: Acceleration in Headline Inflation

May 17, 2022/InvestmentOne Report Please click to download our April 2022 Inflation Update Recently, the National Bureau of Statistics (NBS) released the April 2022 inflation report which revealed that inflation sustained the upward trajectory witnessed in previous months. In specifics, headline inflation jumped by 90bps to 16.82% y/y in April […]