Photo Credit: Breaking Times November 14, 2016/Cordros Research Nigeria’s Consumer Price Index (CPI) rose further to 18.3% y/y in October, 48bps higher than the 17.9% recorded in September. This marks the twelfth consecutive month of increase in the CPI and came in line with consensus, albeit 10bps ahead our […]
Updates
Headline Inflation Rate Rises to 18.3% – FDC
Culled—Proshare November 14, 2016/FDC The Headline inflation rate (YoY) increased to 18.3% in the month of October, 0.4% higher than September’s rate of 17.9%. This rate is approximately equal to and within the margin of error of the FDC forecast of 18.2%. The increase in the headline rate marks the […]
Bears Sustain Hold on Nigerian Bourse, NSE-ASI Dips below 26,000 Points to Open Week
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Monday sustained its hold on the Nigerian Stock Exchange (NSE), as the all-share index (ASI) declined by 0.70 percent to close at 25,986.81 points. “Following today’s negative proceedings, the Month-to-Date (-4.53 percent) and Year-to-Date (-9.57 percent) returns declined further,” according to Cordros […]
