August 31, 2016/FDC Slightly below analyst consensus, headline inflation spiked further to 17.1% in July from 16.5% in June, a 0.6% increase. It was driven mainly by supply shocks, forex scarcity, speculation and uncertainty premium. Most notable in the consumer basket was the increase in the food and core indices […]
Updates
Inflation Continues Soaring; Reaches 17.1% in July
August 31, 2016/Cordros Research Nigeria’s inflation rate climbed for the ninth consecutive month and the sixth month of relatively strong increase. Headline Inflation rose to 17.1% y/y (the highest rate since October 2005) in July, from 16.5% y/y in June, 2016; but was slightly lower than the 17.3% median forecast […]
NSE Remains Bullish on Buy Interest across Major Sectors, ASI up 0.39%
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday sustained its bullish momentum following buying interest across all the major sectors as the all-share index (ASI) climbed up 0.39 percent to close at 27,599.03 points. The positive trend is coming despite a stream of disappointing Q2-2016 economic data (e.g. […]
