June 1, 2020/CBN Introduction The May 2020 PMI survey was conducted by the Statistics Department of the Central Bank of Nigeria during the period May 14-19, 2020. The respondents were purchasing and supply executives of manufacturing and non-manufacturing organizations in all 36 states in Nigeria and the Federal Capital Territory […]

June 1, 2020/Coronation Report Last week the Central Bank of Nigeria (CBN) surprised the market by cutting its policy rate from 13.50% to 12.50%, a clear signal that it approves of market interest rates (see sidebar) that are all below inflation. The CBN’s idea is to avert a recession with […]

June 1, 2020/InvestmentOne Report The Nigerian equities market closed up today as NSE-ASI Inched up by 0.19% to close at 25,316.15pts.   In today’s trade, market breadth index was positive with 28 gainers against 10 losers.  JAPAULOIL (+10.00%) led the gainer’s chart while FIDSON (-9.71%) was the top loser.  FBNH (+1.87%) was the most actively traded stock with about 41million units of shares worth about N222million.   Sector Performance ·                   NSE Banking Index: Increased by 1.28%, as a […]