Culled—Proshare October 8, 2018/Zedcrest Capital ***Report on New Minimum Wage Ready*** – NLC KEY INDICATORS Indicator Value Commentary Inflation 11.23% As at September14, 2018,9bps up from 11.14% recorded in July 2018. MPR 14.00% Left Unchanged for the 11th Consecutive Time at the Sept. 25, 2018 MPC Meeting External Reserves $43.84bn […]
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Weekly Valuation Summary, October 8, 2018-Cordros
October 8, 2018/Cordros Update CADBURY NIGERIA PLC (CADBURY) – HOLD ▪ The shares of CADBURY appreciated by 6.04% to NGN9.65. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY released Q2-18 result, with a loss after tax of NGN455 million. We had expected […]
Bond Market Trades on a Bullish Note Last Week with Yields Falling across All Maturities
Culled—Proshare October 8, 2018/Anchoria AM Research Money Market The money market rate increased significantly last week as the Overnight rate (OVN) and Open Buy Back (OBB) rose to 22.50% and 20.86% respectively. Consequently, the average money market rate rose by 15.20% to settle at 21.68% due a decrease in system […]
