November 15, 2024/Cordros Report Consumer prices in Nigeria increased by 118bps to 33.88% y/y in October (September: 32.70% y/y). The outturn is 39bps and 48bps higher than Cordros’ (33.49% y/y) and Bloomberg’s median consensus (32.40% y/y) estimates, respectively. On a month-on-month basis, headline inflation increased by 12bps to 2.64% (September: […]
Author: InvestAdvocate
Nigeria’s Inflation Increase 33.88% in October
November 15, 2024/InvestmentOne Update Headline inflation rate increased to 33.88% y/y in October 2024 vs. 32.70% y/y in September 2024. Likewise, food inflation rate rose to 39.16% y/y in October 2024 vs. 37.77% y/y in September 2024. Elsewhere, core inflation rate increased to 28.37% y/y in October 2024 vs. 27.43% […]
Intraday Update: Nigerian Stocks Inch Up +0.26%, Buoyed by Blue Chips
November15, 2024/InvestmentOne Update ASI as at 12.00pm: +0.26% Top Gainers and Losers: FLOURMILL (+10.00%), GUINEAINS (+8.89%), ELLAHLAKES (-4.57%) and UCAP (-3.67%). Sector Performances: Oil & Gas (+1.25%), Consumer Goods (+0.60%), Banking (+0.36%) and Industrial (+0.22%). Market activity: In today’s trade, total volume and value increased by 11% and 27% respectively, […]
