Despite starting the week on a strong note, the Nigerian equities market could not sustain last week’s bullish momentum as profit-taking activities in DANGSUGAR (-5.5%), ZENITHBANK (-2.0%) and WAPCO (-3.5%) triggered a 0.2% w/w decline in the All-Share Index to 96,433.53 points. September 6, 2024/Cordros Report Global According to the […]
Author: InvestAdvocate
Cement Sector Growth Remains Suppressed
September 6, 2024/United Capital Research Based on Q2 GDP numbers, the cement sector’s growth rate declined significantly y/y, down 47.98% to 1.74% in Q2 2024 from 3.34% in Q2 2023. On a q/q basis, the growth rate also decreased by 15.36%, falling from 2.05% in Q1 2024. This downward trend […]
United Capital Weekly Pan African Monitor Friday 6-September-2024
September 6, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria Banks’ deposits with CBN hit N3.42tn The deposits of banks with the Central Bank of Nigeria (CBN) hit a weekly high of N3.42tn at the end of last week, the highest in August. The deposits for the previous three weeks […]
