December 30, 2022/FBNQuest Research According to the most recent quarterly release from the Debt Management Office (DMO), the FGN’s domestic debt stock climbed by 2.9% q/q and 18% y/y to NGN21.6trn (USD50bn) in Q3 ’22. Standardized, this equates to around 12.4% of (2021) GDP. The domestic debt held by the […]
Updates
Intraday Update: NGXASI Rise +0.25% on Gains in Bellwether
December 29, 2022/InvestmentOne Update ASI as at 12.00pm: +0.25% Market movers: NB (+8.78%) and GTCO (+5.15%). Top Gainers and Losers: CWG (+9.52%), LASACO (+9.41%), LIVESTOCK (-8.40%) and CHIPLC (-7.69%). Sector Performances: Banking (+1.03%), Oil and Gas (+0.17%), Industrial (+0.14%) and Consumer Goods (-0.03%). Market activity: In today’s trade, total volume […]
United Capital Research Investment Views This Week 28th December 2022 to 30th December 2022
December 28, 2022/United Capital Research Macro Highlight and Outlook According to data accessed from the Nigerian Upstream Petroleum Regulatory Commission and other international agencies, Nigeria’s oil earnings have improved significantly from Sep-2022 to Nov-2022. This is attributable to the concerted efforts by the Nigerian National Petroleum Company Limited and concerned […]
