August 24, 2022/InvestmentOne Report The Nigerian equities market closed positive by 0.22% as the NGX-ASI settled at 48,675.24pts. In today’s trade, market breadth index was negative with 11 gainers against 16 losers. NEM (+10.00%) was the top gainer, while FIDSON (-9.80%) led the losers today. ACCESCCORP (-1.20%) was the most actively traded […]
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Rebound in FAAC Payout for July
August 19, 2022/Coronation Research The latest gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three tiers of government and public agencies amounted to N802.4bn in July (from June revenue). This was an increase of 18% or N121.6bn from June’s payout and 14.7% higher than the payout […]
United Capital Weekly Pan African Monitor Friday 19th August 2022
August 19, 2022/United Capital Research Anglophone West Africa Nigeria The National Bureau of Statistics (NBS) published the Consumer Price Index (CPI) report for Jul-22. Headline inflation rose 104bps to 19.6% for the month, the highest level since Jan-2017, with the inflation basket expanding 1.8% m/m. Food inflation rose to 22.0% […]
