June 19, 2024/United Capital Research Global Markets – Mixed Sentiments Toward Risk Asset Classes Persisted. Last week, the major indexes in the US equities market recorded mixed performances, with the S&P 500 Index and Nasdaq Composite touching new highs. However, the market’s positive sentiment remained exceptionally narrow for the second […]
Updates
Nigeria May 2024 CPI: Inflation to Slow to 33.90% in June
June 19, 2024/Cordros Report Based on the CPI and inflation report released by the National Bureau of Statistics (NBS), consumer prices maintained an upward trend for the 28th consecutive month in May 2024. Headline inflation rose by 26bps to 33.95% y/y in May (April: 33.69% y/y). Notably, the pace of […]
G-7 Leaders Reaffirm Support for Billion-Dollar Infrastructure Programme for Africa, Pledges More Support to AfDB-Backed Initiatives
African Development Bank had invested over $50 billion in quality infrastructure in Africa over the past eight years June 18, 2024/AfDB G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent’s economic potential and transformation. US President Joseph […]
