November 26, 2024/Coronation Research The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised the MPR again, albeit moderately, by 25bps to 27.50% in the final meeting of the year, culminating in a total rate hike of 875bps in 2024. The decision to raise the MPR further […]
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GDP Report- Q3 2024
Image Credit: Coronation Research November 26, 2024/Coronation Research The national account for Q3 ‘24 from the National Bureau of Statistics (NBS) show that GDP grew by +3.46%, an improvement from +3.19% y/y recorded in Q2’ 24. The service sector was a significant driver of this growth, expanding by +5.2% y/y […]
Nigerian Equities Trade Mixed as Bellwether Counters Drive +1bps Marginal Gain
November 26, 2024/Cordros Report EQUITIES The Nigerian equities market traded with mixed sentiments in today’s session as buying interest in WAPCO (+9.2%) and ZENITHBANK (+0.9%) offset the losses in MTNN (-1.2%) and OANDO (-3.5%). As such, the NGX ASI increased marginally by 1bp to 97,639.88 points. Accordingly, the Month-to-Date and […]
