Updates

Nigeria’s Inflation Increase 33.88% in October

November 15, 2024/InvestmentOne Update Headline inflation rate increased to 33.88% y/y in October 2024 vs. 32.70% y/y in September 2024. Likewise, food inflation rate rose to 39.16% y/y in October 2024 vs. 37.77% y/y in September 2024. Elsewhere, core inflation rate increased to 28.37% y/y in October 2024 vs. 27.43% […]

Intraday Update: Nigerian Stocks Inch Up +0.26%, Buoyed by Blue Chips

November15, 2024/InvestmentOne Update ASI as at 12.00pm: +0.26% Top Gainers and Losers: FLOURMILL (+10.00%), GUINEAINS (+8.89%), ELLAHLAKES (-4.57%) and UCAP (-3.67%). Sector Performances: Oil & Gas (+1.25%), Consumer Goods (+0.60%), Banking (+0.36%) and Industrial (+0.22%). Market activity: In today’s trade, total volume and value increased by 11% and 27% respectively, […]

United Capital Weekly Pan African Monitor Friday 15-November-2024

November 15, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria FG services foreign debt with $3.50bn The Federal Government has spent $3.58bn servicing its foreign debt in the first nine months of 2024, representing a 39.77% y/y increase from the $2.56bn spent during the same period in 2023. According to […]