LATEST NEWS

January 16, 2022

Nigerian Cement Sector Outlook - The Competitive Landscape Maybe Tighter in 2022

We envisage another solid year for cement manufacturers, with private and public demand set to be major fulcrums. This prognosis on cement consumption is likely to reflect the knock-on effect of increased government spending and greater Public-Private Projects (PPPs) by institutions like RITC and INFRACO.

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January 16, 2022

Champion Breweries Plc Offer for MTO to Close by January 31 2022

We refer to our market bulletin of 30 December 2021 with reference number: NGXREG/LRD/MB62/21/12/30 where the Market was notified of the proposed Mandatory Takeover Offer of One Billion, One Hundred and Ninety-Six Million, Seven Hundred and Ninety-Nine Thousand, One Hundred and Sixty-Four (1,196,799,164) ordinary shares of Champion Breweries Plc

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January 15, 2022

What to Expect from the Markets This Week - 170122

The World Bank in its latest Global Economic Prospects report released on Tuesday, projects a 2.5% economic growth for Nigeria in 2022, and 2.8% in 2023. This 2022 forecast is an upward review from the estimated 2.4% growth projected earlier. According to the bank, higher oil prices and activities in the telecommunications sector and financial services, will drive growth up slightly.

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January 15, 2022

China's Attempt to Kill the Oil Rally is Bound to Fail- OIR 140122

It may seem somewhat counterintuitive for the oil market to shake off news regarding a potential Chinese SPR release, but that is exactly what has happened this week. With the mood still firmly bullish on the back of a weakening dollar, Libyan supply issues, and lower-than-expected OPEC output, the oil price rally was driven higher by reports of product inventories hitting multi-year lows.

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