January 18, 2022/CSL Research We begin 2022 following a positive performance in equities (+6.1%) in 2021. Unlike in 2020, when the market delivered a 50% return largely due to CBN policies which led to increased system liquidity, we describe 2021 as broadly lethargic, with the positive close induced mainly by […]

January 18, 2022/Coronation Research Which way will the equity market go in 2022? Our answer is that Nigerian investors are influenced by interest rates and that market interest rates may rise in 2022. The appropriate equity market strategy, in that case, is to look for secular growth stories (like telecommunications) […]

January 17, 2022/CSL Research Based on the recent money and credit statistics by the CBN as of November 2021 showed a 2.0% m/m increased lending to the private sector, reaching another high of N35.3tn in November from N34.5tn as of October 2021. Yearly, private sector credit was also up by […]