Investors Gain N24.92bn as NSEASI Inches Up Further by 0.12%, YTD Return Hits -3.23%

Buhari seeks approval to borrow fresh $4bn, €710m loans

Fidelity Bank Plc Reports N19.3bn PAT in H1 2021 Audited Results,(SP:N2.30k)

Fidelity Bank Plc Reports N19.3bn PAT in H1 2021 Audited Results,(SP:N2.30k)

Market Review and Round-Up of Corporate News Announced During The Week Ending - 100921

Summary and Outlook Earlier last week, the National Bureau of Statistics (NBS) issued the Foreign Trade Report for Q2-2021.

Investors Lose N176.75bn WoW as NSEASI Dips by -0.86% to Close the Week Negative

Investors Lose N1.66bn as NSEASI Dips Marginally by -0.01%, Maintains Negative Posture

Nigeria equities market decreases further as investors’ sentiment remains low

Equities market closed today on a flat note, as NSEASI closed at 39,251.29 basis points as against -0.02% depreciation recorded previously.

Agricorp raises $17.5m, to boost production capacity for African expansion

Expectations from the Markets This Week - Summary and Outlook The week opened on a bright note with news of accretion in the foreign reserves, helped by a rally in oil prices as well as

The Equities market recorded mixed performance....

Investors Lose N117.04bn WoW as NSEASI Dips by -0.57% to Close the Week Negative

Investors Lose N18.46bn as NSEASI Dips by -0.09%, Maintains Negative Market Sentiment

Investors Lose N18.46bn as NSEASI Dips by -0.09%, Maintains Negative Market Sentiment

Buhari courts trouble in renewed push for grazing routes

Investors Lose N82.83bn as NSEASI Dips by -0.40% to Open the Week Negative........

Expectations from the Markets This Week - 300821 Global Economy • New economic data from Australia released earlier on in the week, showed that activity slowed in August.

Key Highlights • The equities market recorded positive performance - the listed equities market, NGXASI, recorded a +0.01% gain WoW while the NASD OTC also closed positive with a +0.04% gain.

-Equities market closed today on a positive note, as NSEASI appreciated by +0.02% to close at 39,485.65......

Investors Gain N14.33bn as NSEASI Inches Up by 0.07%, Erases Previous Day Loss

Investors Lose N5.66bn as NSEASI Dips by -0.03%, YTD Return Hits -2.04%

Investors Gain N13.54bn as NSEASI Inches Up by 0.07% Amid Negative Market Breadth Equities market closed today on a positive note, as NSEASI appreciated by +0.07% to close at 39,460.68 basis points as against -0.12% depreciation recorded previously

Investors Lose N25.21bn as NSEASI Dips by -0.12% to Open the Week Negative Equities market closed today on a negative note, as NSEASI depreciated by -0.12% to close at 39,434.69 basis points as against -0.47% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.08%.

Key Highlights • The equities market recorded negative performance - the listed equities market, NGXASI, recorded a -0.10% loss WoW while the NASD OTC also closed negative with a -1.25% loss.

Equities lose N3bn as investors take profit on recent gains Nigeria’s equities market dipped slightly by 0.01

Investors Lose N8.83bn as NSEASI Dips by -0.04% to Open The Week Negative Equities market closed today on a negative note, as NSEASI depreciated by -0.04% to close at 39,505.40 basis points as against +0.08% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -1.90%.

Market Review and Round-Up of Corporate News Announced During the Week Ending -130821 Key Highlights • The equities market recorded mixed performance - the listed equities market, NGXASI, recorded a +1.83% gain WoW while the NASD OTC also closed negative with a -0.99% loss. •

Investors Gain N141.63bn as NSEASI Inches Up Further by 0.69%, Maintains Positive Posture

Investors Gain N317.48bn as NSEASI Inches Up by 1.58%, Erases Previous Day Loss Equities market closed today on a positive note, as NSEASI appreciated by +1.58% to close at 39,176.62 basis points as against -0.63% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.72%.

Nigeria’s telcos record biggest investment decline in 8 years The Nigeria’s telecoms industry in the second quarter of 2021 attracted foreign investments worth about $340,000, the lowest since data agency, the National Bureau of Statistics (NBS), started collating figures in 2013.

Eurobond, IMF give CBN firepower to defend naira There is hope for a stable naira going forward as the expected foreign exchange inflows worth about $6.3 billion will likely give Nigeria’s central bank the firepower to defend the local currency.

Weekly Review and Outlook Summary and Outlook Growth data for Q2 is expected later in the month, and while FTY2021 forecasts range between 2.5% (IMF), 3%(FG), and 3.15%(CBN), the major determinants of where the needle rests at the end of the day would be issues pertaining largely to the global economy such as the covid 19 pandemic and crude oil prices.

Key Highlights • The equities market recorded positive performance - the listed equities market, NGXASI, recorded a +0.68% gain WoW while the NASD OTC also closed positive with a +0.04% gain. • The BDC and NAFEX rates depreciated while the IEFX rate appreciated. • The Brent Crude Oil price moved downwards at the end of the week while the WTI also moved downwards.

Investors Lose N65.82bn as NSEASI Dips by -0.32%, Halts Positive Sentiment Equities market closed today on a negative note, as NSEASI depreciated by -0.32% to close at 38,801.51 basis points as against +0.03% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -3.65%.

What To Expect From The Markets This Week - 020821 Nigeria Economy • The Federal Government disclosed earlier in the week that the revised National Integrated Investment Masterplan (2020-2043)- a 23-year framework is meant to guide interventions, investments, and budgetary allocation to critical infrastructures such as roads, railway networks, and the maritime sector. The earlier NIIM prepared in 2012 was a 30-year plan which required N31 trillion ($100 b annually) for 30 years to close the infrastructure gap. However, owing to the economic disruptions caused by the 2016 recession as well as the COVID-19 pandemic, the revised plan will now require $2.3tn, translating to about $150b annually to be funded by the private sector (56 %), and the Federal and State Governments (44 %).

Illegal multiple checkpoints continue to sabotage electronic call-up system Despite the implementation of electronic call-up system, security officials known as ‘enforcement team’ employed by the government to monitor truck movement in and out of Apapa and Tin-Can Island ports, have been found compounding the traffic gridlock by creating multiple checkpoints to extort money from truckers

Cadbury Nigeria Plc Reports N516m Loss in Q2 2021 Results;(Share Price:N9.00K) Cadbury Nigeria Plc released its Q2 2021 Unaudited results for the period ended June 30th, 2021. Key Highlights • Revenue grew by 16% to N18.5bn from N15.9bn in the previous quarter. • Loss before tax stood at N516m. • Loss after tax stood at N516m. • Net Assets declined by -2.8% from N13.6bn to N13.2bn. • Share Price Currently Stands at N9:00k

Cadbury Nigeria Plc Reports N516m Loss in Q2 2021 Results;(Share Price:N9.00K) Cadbury Nigeria Plc released its Q2 2021 Unaudited results for the period ended June 30th, 2021. Key Highlights • Revenue grew by 16% to N18.5bn from N15.9bn in the previous quarter. • Loss before tax stood at N516m. • Loss after tax stood at N516m. • Net Assets declined by -2.8% from N13.6bn to N13.2bn. • Share Price Currently Stands at N9:00k

Food gulps 101% of average wages in Nigeria Food now consumes about 101 percent of the average wages of Nigerians, a report by the Institute of Development Studies has shown. According to the report, Nigeria now ranks second globally where citizens spend almost all their income on food, ranking

Ranching: FG’s double-dealing unacceptable We are worried by the Federal Government’s recent release of funds to Katsina state government for cattle ranching in the state. Ranching is a private business and if anybody (a state government inclusive) wants to run a ranch, let the person acquire (lease or buy).

Shareholders mount pressure on Big Oil firms to cut upstream emission There is a growing pressure from shareholders in some of the world’s biggest oil producing companies to reduce emissions from operations, reflecting the waning patience of investors pushing for much faster action to tackle climate emergency.

CBN again holds benchmark interest rate at 11.5% amid declining inflation. The Central Bank of Nigeria (CBN) on Tuesday retained its benchmark interest rate at 11.5 percent amid improvement in inflation. This comes not as a surprise as analysts in the financial services sector had expected a hold following weak growth amid declining inflation

Governance, liquidity, regulation prompt companies’ exit from Nigerian Exchange No fewer than 20 companies hitherto listed on the Nigerian Exchange Limited (NGX) have chosen to opt-out of the stock market. Companies voluntarily or involuntarily choose to change their public status –that is delisting from an Exchange. So, why would firms want to give up the status of being a public company? Among other factors, percentage of firms choose to voluntarily delist when the benefits of being a public company no longer exist or are overshadowed by the cost of being public.

Governance, liquidity, regulation prompt companies’ exit from Nigerian Exchange No fewer than 20 companies hitherto listed on the Nigerian Exchange Limited (NGX) have chosen to opt-out of the stock market. Companies voluntarily or involuntarily choose to change their public status –that is delisting from an Exchange. So, why would firms want to give up the status of being a public company? Among other factors, percentage of firms choose to voluntarily delist when the benefits of being a public company no longer exist or are overshadowed by the cost of being public.

Equities end holiday-shortened week with N375bn gain The Nigerian equities market ended the week’s trading session in the green, gaining about N375billion. Investors traded for only three days in the review week to Friday, July 23. The market had closed for two days (Tuesday and Wednesday) as Muslim faithful and Nigerians marked this year’s Eid-el-Kabir celebration.

Equities end holiday-shortened week with N375bn gain The Nigerian equities market ended the week’s trading session in the green, gaining about N375billion. Investors traded for only three days in the review week to Friday, July 23. The market had closed for two days (Tuesday and Wednesday) as Muslim faithful and Nigerians marked this year’s Eid-el-Kabir celebration.

Equities end holiday-shortened week with N375bn gain The Nigerian equities market ended the week’s trading session in the green, gaining about N375billion. Investors traded for only three days in the review week to Friday, July 23. The market had closed for two days (Tuesday and Wednesday) as Muslim faithful and Nigerians marked this year’s Eid-el-Kabir celebration.

Nigeria’s high inflation threatens to worsen already low savings rate Nigeria’s high inflation problem has a corrosive impact on savings and is complicating the government’s efforts to give fragile economy a much-needed boost. Inflation rate has declined for three consecutive months, but Nigerians are unable to heave a sigh of...

Equities market opens holiday-shortened week with N2bn gain. Nigeria’s equities market opened this holiday-shortened week with a slight gain of about N2billion. Stocks like Eterna Plc, University Press Plc, Cutix Plc, Regency Alliance and Learn Africa contributed to the record close in the green zone on Monday July 19.

June inflation surprises, slows further to 17.75% The Consumer Price Index, (CPI) which measures inflation (rate of change in the increase in prices) slowed to 17.75 percent (year-on-year) in June 2021.

50 years after, OPEC gains still evade Nigeria A country celebrating 50 years of its Organization of Petroleum Exporting Countries (OPEC) membership, Nigeria is a clear example that a natural resource such as oil is not necessarily a blessing