NIGERIA WEEKLY UPDATES
Don’t Let Your Dividends Drip Away: How DRIPs Can Grow Your Wealth
Imagine you’re at the supermarket. You grab a refreshing ice cream cone, but as you savor the last bite, a…
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Headed for higher rates?
The impact of the CBN’s directive to banks to sell down part of their net long US dollar positions seemed…
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Headed for higher rates?
The impact of the CBN’s directive to banks to sell down part of their net long US dollar positions seemed…
How big was the January equity rally?
How big was the rally in the NGX All-Share Index in January? The correct answer is 35.8%, but there is…
Airtel Africa and the Naira/US$ rate
What is driving the price of Airtel Africa and what does this say about the parallel exchange rate?
Evaluating the January rally and potential selling strategies
If you make money out of a January rally, should you hang on for the full year, or should you…
Where savings rates are going in 2024?
We expect that it will take several months for the authorities to fund the backlog in demand for US dollars…
Can we be optimistic about foreign exchange?
As markets resume trading in 2024 the biggest issue is foreign exchange. Are things going to get better or worse?
First thoughts for 2024
Welcome to the New Year. 2023 was an extraordinary year, with general elections bringing an inflection point to markets thanks…
Pension funds and equities
In July, we examined the extent to which Nigerian pension funds hold NGX Exchange-listed equities and concluded that they were…
How to beat the equity market
In many ways, the MEP is an easy portfolio to manage (even if we do pay notional commissions and respect…
Action on rates
We heard no official announcement that market interest rates would rise, but market interest rates, notably Nigerian Treasury Bill (T-bill)…
African Eurobond contagion?
Federal Government of Nigeria (FGN) Eurobond yields have actually been tightening recently. What are the lessons?
Navigating the interest rate landscape in Nigeria: A crucial insight
As we approach the end of 2023, it is a good time to assess what savers can earn from interest…
Are we on our way to better savings in Nigeria?
Discover the impact of recent CBN interventions on savings in Nigeria with 1-Year T-Bill yields at 17.61% in the Secondary…
Can a US$ injection boost Nigerian markets?
Last week, it was announced that Nigeria will soon receive an inflow of some US$10.0bn to support the Naira in…
Pension funds embrace equities investment opportunities
Nigerian pension fund eschewed equities. And they held only a small percentage of their total assets under management (AUM) in…
Steady savings rates in 2023: Maintaining stability in uncertain times
Last week, we wrote about Nigeria’s financial markets 6 months on from general elections. We featured currency, FGN bond and…
Assessing market trends 6 months after the election
The government is not back-tracking on its reforms. Measures to soften the impact of reforms are being rolled out…
All change in global markets
Meanwhile the price of Brent crude, the price of which barely changed between 1 January and 31 July, has gained…
US rate rises and Nigerian savers
The fact that yields have risen over time suggests that investors view these bonds as riskier than when they were…
The amazing strength of the equity market
Why is the equity market so strong? Inflation is rising, the consumer is facing a crisis, and the economic outlook…
