August 14, 2020/Cordros Report The National Bureau of Statistics (NBS) released its Labour Force Statistics report for the first time since December 2018. The unemployment rate rose to 27.1% in Q2-20 (Q3-18: 23.1%) while the underemployment rate rose to 28.6% (Q3-18: 20.1%). Nigeria’s total labour force was estimated at 80.29 […]
Updates
MIDDAY UPDATE: Nigerian Stocks Inch Down -0.17% on Losses Across Sector
August 14, 2020/InvestmentOne Update ASI as at 12.00pm: -0.17%. Market movers: IKEJAHOTEL (-7.69%) and TRANSCORP (-6.67%), MBENEFIT (+10.00%), CUTIX (+9.14%). Sector Performances: Consumer Goods (-0.45%), Banking (-0.44%), Industrial (-0.05%) and Oil & Gas. Market activity: In today’s early trade, total volume and value increased by 158% and 572% respectively, compared to this time yesterday as investors have traded about 271million units of […]
Daily Market Update for August 13, 2020-Cordros
August 13, 2020/Cordros Report EQUITIES The domestic bourse sustained the previous session’s gains, as demand for MTNN (+0.8%), NB (+5.9%), and STANBIC (+2.4%) drove the index higher. Consequently, the NSE ASI advanced by 0.4% to 25,236.97 points, with the Month-to-Date gain increasing to +2.2% and the Year-to-Date loss moderating to […]
