January 12, 2017/Cordros Research At the time of writing, the naira — in the interbank segment of the market – had declined against two of the three currencies we track. The NGN/GBP (-0.67%) and NGN/EUR (-0.66%) weakened to N388.13 and N335.38 respectively, while the NGN/USD (+0.16%) strengthened to N304.50. In […]
Updates
Bears Sustain Hold on Nigerian Stocks, as Y-t-D Loss Increase 2.03%
January 12, 2017/Cordros Research As expected, bearish sentiments resurfaced in the Nigerian equities market, with the All Share Index declining by 0.21% to close at 26,330.39 points. Today’s negative close increased the Year-to-Date loss to 2.03%. Majority of the indices closed lower, save for the Banking (+0.93%) index. The Oil […]
2016 Market Recap, Outlook for 2017: NSE Says to Focus on Achieving its Goal of Demutualisation
January 12, 2016/NSE 2016 Global Economic Summary The global economy remained sluggish in 2016 with a forecast of 3.1% in global GDP growth according to the International Monetary Fund (IMF), compared to 3.4% originally projected, and 3.2%1 achieved in 2015. Uncertainty took center stage during the year, as global economies […]
