August 15, 2024/Coronation Research The NBS has released its July inflation report to show Headline rate: 33.4% y/y (34.2% in June) Core rate: 27.5% y/y (27.4%); and Food rate: 39.5% y/y (40.9%). July’s headline inflation eased by -80bps to […]
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Nigerian Equities Market Sustain Bearish Run, Declines -0.2% on Losses in DANGSUGAR, OANDO
August 15, 2024/Cordros Report EQUITIES Activities in the Nigerian equities market sustained this week’s negative momentum as investors took profits off OANDO (-9.9%) and DANGSUGAR (-3.5%) stocks. As a result, the NGX ASI dipped by 0.2% to close at 97,100.36 points, with the MTD and YTD returns settling at […]
Nigeria July 2024 CPI: Domestic Prices Biased to the Downside in the Near Term
August 15, 2024/Cordros Report Headline inflation eased for the first time since December 2022, primarily supported by the high statistical base from last year’s corresponding period. Precisely, the National Bureau of Statistics (NBS) reported that Nigeria’s headline inflation eased by 80bps to 33.40% y/y in July 2024 (June: 34.19% y/y). […]
