The NBS has released its May inflation report to show Headline rate: 34% y/y (33.7% in April) Core rate: 27% y/y (26.8%); and Food rate: 40.7% y/y (40.5%). June 19, 2024/Coronation Research May’s headline inflation increased by +26bps (when compared with the previous […]
Updates
Chevron Signs Contracts for Ultra-Deepwater Blocks in Angola Amid Attractive Policies
Chevron has signed risk service contracts for Block 49 and 50 in Angola’s Lower Congo Basin June 19, 2024/AEC Multinational energy corporation Chevron has signed two Risk Service Contracts (RSC) for Block 49 and Block 50, located in the ultra-deep waters of Angola’s Lower Congo Basin. The company – through […]
Intraday Update: Nigerian Stocks Inch Up +0.17%, Buoyed by Bellwether Counters
June 19, 2024/InvestmentOne Update ASI as at 12.00pm: +0.17% Top Gainers and Losers: GUINNESS (+9.96%), CHAMPION (+9.83%), CAVERTON (-9.62%) and ABCTRANS (-9.52%). Sector Performances: Banking (+0.65%), Consumer Goods (+0.17%), Oil & Gas (+0.08%) and Industrial. Market activity: In today’s trade, total volume and value decreased by 85% and 94% respectively, when compared to this time […]
