Other News

Nigerian Bourse Open Week Bullish +0.6%, Buoyed by ARADEL, OANDO

December 16, 2024/Cordros Report EQUITIES The local bourse kicked off the week on a positive note as gains in OANDO (+5.9%) and ARADEL (+9.1%) caused a 0.6% increase in the benchmark index to 99,922.63. Accordingly, the Month-to-Date and Year-to-Date returns settled at +2.5% and +33.6%, respectively. The total trading volume increased by […]

Nigeria November 2024 CPI: Inflation to Increase Further in December

December 16, 2024/Cordros Report Based on the CPI and inflation report released by the National Bureau of Statistics (NBS), consumer prices maintained an upward trend for the third consecutive month in November 2024. Specifically, headline inflation rose by 72bps to 34.60% y/y in November (October: 33.88% y/y). Parsing through the […]

November 2024 Inflation Report – Inflation Accelerates Further 34.60% Y/Y

December 2024/InvestmentOne Report The newly released Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS) revealed that inflation continued its uptick in November 2024, after the brief slowdown seen in July and August 2024. Specifically, headline inflation rose by 72bps to 34.60% YoY, compared to what was […]