October 15, 2019/Cowry Asset Freshly released September inflation report showed that headline inflation rate rose to 11.24% year-on-year (from 11.02% in August 2019), a sharp reversal, and the highest in three months. We expect annual inflation rate to increase further in October as food prices, especially the cost of rice, […]
Updates
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 […]
