The downward trend in price is expected to continue amid low demand for grain commodities. AFEX Indexes remained flat, however, the ACI still outperforms the S"P GSCI Agriculture Index which measures the performance of agricultural commodities globally.
In August 2021, weak sentiments persisted. Based on the recently released Domestic and Foreign Portfolio Investment (FPI) report by the Nigerian Exchange Limited (NGX). Total activity level was down 0.4% m/m to N89.4bn (US$217.5m) in August from N89.8bn (US$218.2m) in July 2021.
Fitch Ratings has affirmed the National Long-Term Ratings of Nigeria-based Stanbic IBTC Holdings PLC (Stanbic IBTC) and its 99.9% owned subsidiary, Stanbic IBTC Bank PLC (Stanbic IBTC Bank), at 'AAA(nga)'.