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 […]
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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 […]
Dangote Refinery to Expose Nigeria’s Downstream, Midstream Sectors to Int’l Markets
May 29, 2022/Dangote Group The coming on stream of the 650,000 barrels-per-day Dangote Petroleum Refinery will guarantee availability of high quality environmentally compliant products in Nigeria, regional markets in West Africa, Southern Africa and inter-continental markets. The President/CE of Dangote Group, Aliko Dangote made this disclosure on Tuesday at the Nigerian Content […]
