June 3, 2022/OilPrice.com There has been plenty of turmoil in oil markets this week, with the EU banning Russian oil, OPEC accelerating its production increases, and U.S. inventories dropping once again. At the end of the week, sentiment is decidedly bullish, with OPEC unable to calm the oil price rally. […]
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NGX Close Week Bearish -2.2% on Profit-Taking Activities
June 3, 2022/Cordros Report Local stocks closed in the bear territory following pressure from profit-taking activities during the week. Save for the last trading day of the week; the local bourse recorded losses in all of the week’s five trading sessions. Accordingly, the All-Share Index shed 2.2% w/w to close […]
United Capital Research Investment Views This Week 30th May 2022 to 3rd June 2022
May 30, 2022/United Capital Research Macro Summary Last week, the Monetary Policy Committee (MPC), for the first time in two and a half years, raised the Monetary Policy Rate (MPR), hiking the benchmark rate by 150bps to 13.0%. The MPC also maintained the Cash Reserve Ratio (CRR) at 27.5%. The […]
