June 17, 2020/Cowry Asset Report Freshly released inflation report by the National Bureau of Statistics showed a 12.40% rise in annual inflation rate for the month of May; higher than 12.34% printed in April, in line with our expectations… Click here to read full PDF copy of report
Updates
MIDDAY UPDATE: Nigerian Stocks Inch Down -0.27% on Losses in Oil & Gas Counters
June 17, 2020/InvestmentOne Update ASI as at 12.00pm: -0.27%. Market movers: SEPLAT (-9.99%), NEIMETH (-9.57%), WAPIC (+6.06%) and FLOURMILL (+4.35%). Sector Performances: Oil & Gas (-4.21%), Banking (+0.06%), Consumer Goods (+0.05%) and Industrial. Market activity: In today’s early trade, total volume and value rose by 191% and 338% respectively, compared to this time yesterday as investors have traded about 157million units of shares worth about N1.71billion. UACN (-3.45%) is the most actively […]
Nigeria’s Inflation Accelerates 12.40% Year-on-Year in May 2020
June 17, 2020/NBS All Item Index The consumer price index, (CPI) which measures inflation increased by 12.40 percent (year-on-year) in May 2020. This is 0.06 percent points higher than the rate recorded in April 2020 (12.34) percent. Increases were recorded in all COICOP divisions that yielded the Headline index. On […]