Markets
| % Change | YTD (%) | ||
| NGX ASI | 52,580.86 | 0.31% | 2.59% |
| Brent Crude Oil | 75.30 | 0.52% | -12.35% |
| Natural Gas | 2.34 | -1.60% | -42.93% |
| I&E FX Window | 465.13 | -0.12% | -3.81% |
| Parallel Market | 744.67 | 0.04% | -0.63% |
| Nigerian Treasury Bill (Average Yield %) | 6.67% | 0% | 8.81% |
| FGN Bonds (Average Yield %) | 14.37 | 0.06% | 21.57% |
| Gold | 1,981.42 | -0.34% | 9.22% |
| Cocoa | 2,988.00 | -0.23% | 14.67% |
- Market capitalization up by N7.8bn to close at N28.64tn at the end of trading on Wednesday. The All-Share Index (ASI) which had opened on a positive note this week, gained 0.31 per cent or 161.53 base points to close at 52,580.86 points at the close of trading representing a 1-week gain of 0.71%, a 4-week gain of 1.3%, and an overall year-to-date gain of 2.59%. MRS (9.93%), NB (9.63%), CADBURY (8.24%) led the gainers table.
- Airtel Africa, despite growth in revenue, has reported a 5% dip in profit for Q1 2023. Operating in 14 African countries – East, Central and West Africa, it blamed challenging operating environment and worries about currency devaluation for the profit dip. Profit after tax (PAT) dropped by 0.6% to US $750million, compared to US $755million in the same period last year. Africa’s currencies have depreciated by 8% on average since January 2022, according to the IMF.
