Updates

July 2023 Data: The Underlying Drivers of Headline Inflation

August 14, 2023/FBNQuest Research Except for a brief period of easing in Dec ’22, Nigeria’s headline inflation reading has steadily risen since Feb ’22. The most recent inflation reading for Jun ’23 showed that the headline rate rose by 38bps to 22.79%, notably below the market’s expectation. Today, we turn […]

Residents of Ibeju Lekki Applaud Dangote Refinery CSR activities

August 13, 2023/Dangote Group The Committee of Baales and some residents of Ibeju Lekki, Lagos have showered encomium on the Management of Dangote Refinery, on its social responsibility initiatives.  They expressed appreciation to the company for providing vital infrastructure for their communities, repairing all the entrance roads of the 15 […]

United Capital Research Investment Views This Week 14th August 2023 to 18th August 2023

August 14, 2023/United Capital Global Markets Closed Mixed Last week, the US stock market closed mixed, driven by rising treasury yields, mixed H1-2023 earnings results, and a slew of varying economic data.  At the start of the week, the trade balance report showed June’s trade balance was -$65.5bn compared to […]