Headline Inflation Edged Higher by 22bps to 11.24% y/y in September

October 15, 2019/Cordros Report The Consumer price index (CPI) report as released by the National Bureau of Statistics (NBS) shows that inflationary pressure resurfaced in September, as the headline inflation widened by 22bps to 11.24% y/y from 11.02% y/y in August. The reading is 24bps higher than Bloomberg’s median consensus […]

MIDDAY UPDATE: Nigerian Stocks Inch Up +0.03% on Gains in Industrial Counters

October 15, 2019/InvestmentOne Update ASI as at 12.00pm: +0.03%.   Market movers: NAHCO (+5.15%), CCNN (+4.28%), AIICO (-2.94%) and OANDO (-1.96%). Sector Performances: Industrial (+0.83%), Banking (-0.33%), Oil & Gas (-0.22%), and Consumer Goods. Market activity: In today’s early trade, total volume and value fell by 23% and 67% respectively […]