Other News

STANBIC Drags Nigerian Stocks to -0.1% Decline

February 22, 2024/Cordros Report EQUITIES Negative sentiments resurfaced in the local bourse today as profit-taking activities in STANBIC (-8.3%) undermined market performance. Thus, the All-Share Index declined by 0.1% to close at 101,239.10 points, with the Month-to-Date and Year-to-Date returns moderating to +0.1% and +35.4%, respectively. The total volume traded declined […]

Inflationary Pressure, Weaker Purchasing Power

February 22, 2024/Coronation Research Inflationary pressures continue to grip Nigeria’s economy. According to recent data released by the National Bureau of Statistics (NBS), headline inflation rose by +98 bps, reaching a staggering 29.9% y/y. This uptick was mirrored in the month-on-month figures, where headline inflation increased by +35 bps to […]

Diverse Export Opportunities for Food & Beverage Trade with Canada

February 22, 2024/USDA Foreign Agricultural Service International Agricultural Trade Report Jason Carver Link to report: Printer-friendly PDF Executive Summary The Canadian market offers opportunities for food and beverage producers to highlight important production attributes unique to their products. Consumers in Canada increasingly demand more transparency about the origin of food […]