Nigeria’s Inflation Figures: A sustained or sporadic drop?
Headline Consumer Price Index (CPI) figures for May settled at 17.93% Y-o-Y vs 18.12% recorded in April 2021. The reduction in headline inflation was largely due to…
Fixed Income Market Review and Outlook
Activities in the domestic bond market were largely bullish in June, due to reinvestment plans from maturity of the special bill, short sellers closing out positions, and spillover demand from May’s bond auction, which resulted in a dip in the yield curve. This signified a reversal of the bearish trend sustained in May 2021. As the month progressed….
Equities Market Review and Outlook
After some respite noticed in the month of May, the bears took charge of the domestic bourse in June, as investors continued rounds of profit taking, especially in market bellwethers. Consequently, the Nigerian Stock Exchange All Share Index (NSE ASI), lost 1.4% M-o-M to settle at 37,907.28 points, bringing total YTD loss to -5.9%. This trend was largely in line with the historical performance of the market in June, which has recorded a…
