March 21, 2023/Cordros Report EQUITIES The local bourse traded marginally higher in today’s session, as bargain-hunting in ZENITHBANK (+1.4%) and WAPCO (+2.2%) spurred a 3bps increase in the All-Share Index to 54,904.68 points. Accordingly, the Month-to-Date and Year-to-Date returns were unchanged at -1.6% and +7.1%, respectively. The total volume traded […]

March 21, 2023/Cordros Report Again, in line with our expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) resolved by a majority vote to increase the Monetary Policy Rate (MPR) by 50bps to 18.0% at its March policy meeting. Thus, the MPR is now at its […]

March 21, 2023/OilPrice.com Michael Kern Editor, Oilprice.com Chart of the Week – As French strikes are moving into their third week and at least four refineries are winding down operations due to blocked ports and overflowing stocks, Europe’s diesel woes are making a counter-seasonal comeback.  – French refining, recording 990,000 […]