November 17, 2020/United Capital Report Overview Much ado about Palm oil? Palm oil is of strategic importance as it is used in the production of more than half of the products sold in supermarkets globally. The continuous importance of Crude Palm Oil (CPO) for food, biofuel and cosmetics purposes has […]
OPINION/EDITORIAL
October 2020 CPI: Higher Energy Costs to Pressure Inflation Further
November 17, 2020/Cordros Report Nigeria’s headline inflation notched higher in October to 14.23% y/y, relative to 13.71% y/y in the prior month. This was in line with our expectation of higher month-on-month reading, stemming from limited bountiful food harvest, and lingering effect of border closure and currency depreciation – see […]
Second-best equity market in the world
November 16, 2020/Coronation Report As of Friday, the Nigerian Stock Exchange was the world’s best-performing equity market in local currency terms and its second-best performer in US dollar terms. The market was up 30.53% year-to-date in Naira terms and up 24.60% in US dollar terms (translating at the NAFEX rate). […]
