June 16, 2025/CSL Research Recently released data from the National Bureau of Statistics (NBS) showed that Nigeria’s headline inflation eased slightly to 23.0% year-on-year (y/y) in May, down from 23.7% in April. Similarly, core and food inflation moderated to 22.3% and 21.1% y/y respectively in May, compared to 23.4% and […]
Author: InvestAdvocate
NGXASI Dips -0.15% on Selloffs in Banking Stocks
June 16, 2025/InvestmentOne Report The NGXASI declined by 0.15% today to close at 115,258.77pts, as the selloff in banking stocks including ACCESSCORP (-8.28%), ZENITHBANK (-6.37%) and UBA (-5.67%) drove the local bourse into the red terrain. In the fixed income space, the Treasury Bills secondary market traded on a positive note, […]
Nigerian Stocks Commence Week Bearish -0.2%, Dragged by Banking Counters
June 16, 2025/Cordros Report EQUITIES The domestic equities market commenced the week on a bearish note, as the CBN’s recent forbearance directive triggered broad-based selloffs across the banking sector. Consequently, losses in ZENITHBANK (-6.4%), UBA (-5.7%), and ACCESSCORP (-8.3%) dragged the All-Share Index down by 0.2% to 115,258.77 points. Accordingly, […]
