Browsing: Afrinvest

Rising inflation ruffles analysts, predict end to lower rate era. Analysts are unsettled as headline inflation continues to rise, the situation that pundits have attributed to both monetary and fiscal authorities policy somersault.

Foreign Exchange: CBN’s intervention keeps Naira stable. The Nigeria’s local currency, Naira, having being on live support for over two years when the Central Bank of Nigeria (www.cbn.gov.ng) introduced multi tiered exchange regime.

Investors gain N2.2 trillion as NSE outperforms globally. The equities investors’ fortunes have increased N2.2 trillion, just as the Nigerians Stock Exchange outperformed global peers.

Tariff change to ease FG’s electricity subsidies burden – Afrinvest. Afrinvest www.afrinvest.com, a leading investment banking firm in Nigeria has indicated support for power sector tariff review, say it will ease electricity subsidies burden on government’s finances.

Santa Claus rally: Equities investors gain N93.1 billion. The domestic equities market consolidates on Friday gains, posts a positive performance on Monday on the back of share appreciation in NESTLE (+2.8%), SEPLAT (+8.8%) and DANGCEM (+1.1%).

Stock Market Records 16% YTD Loss, Awaits Santa Claus Rally. On the back of the bearish performance that underscores trading activities on the floor of the Nigerian Stock Exchange in the year, the stock market year to date loss has reduced investors’ fortune significantly.

Equities investors gain N76. 7 billion as All-Share-Index grows 60 basis points. The performance of the equities market strengthened on Monday as equities investors gained N76.7 billion.

Year-to-date loss worsen as stock market cap drops to N12.8 trillion

Declining External Reserves Threaten CBN’s FX Market Intervention| The declining in the amount credited to the nation’s external reserves threatens the apex bank ability to supporting the local currency in the foreign exchange market, analysts have stated.

Foreign investors’ shy away from CBN’s OMO auction. In the money market last week, exit of foreign investors impacted the Central Bank of Nigeria’s (CBN) www.cbn.gov.ng open market operation (OMO) as subscription was significantly under sold.