The MPC also decided to reduce the CRR to 20% from 25%
CBN reduces MPR to 11% from 13%
The ASI dipped by 64bps today led by the Banking Sector (-115bps) and Consumer Goods (-136bps)
NSE ASI inches down 3bps at week open. YTD now stands at 15.84%
The NSE ASI and NSE30 gained 50bps and 58bps respectively, putting YTD returns at -15.82% and -15.41% respectively.
The NSE ASI bounced into positive territory after 5 sessions of consecutive declines, on the back of sustained gains in the Financial sector
UACN - Earnings hit further by added impairment charge - vetiva.us8.list-manage.com/track/click?u=…
ASI closes 7bps down; dragged by down the Consumer Goods sector losing 474bps.
The All Share Index closed on a negative note today, losing 0.29%. This was largely due to the banking sector losing 1.76%.
...because we know that the future doesn't just happen. It has to be built. #buildyourfuture
At Vetiva we always look at opportunities and challenges from a long-term perspective...
MPC decided via a vote of 7-3 to reduce CRR from 31% to 25% and unanimously retain the MPR at 13% #cbn #mpr #nigeria
UBA topped the volume chart trading 55million units, whilst ZENITHBANK topped value chart exchanging 41million units worth N686million.
Persistent sell-off in the Financial drag NSE ASI 17bps south.
The T-bills market reversed as investors reacted to JP Morgan's decision to phase out Nigeria from the GBI-EM index.
The bears re-emerge as the NSE ASI slumps 298bps following massive sell-offs in all major sectors.
Vetiva Sector Series is now open! More info? Go to vetiva.com/funds #buildyourfuture
WATCH: MD Vetiva Fund Managers Limited, Damilola Ajayi, discusses ETFs as an asset class in Nigeria, with @cnbcafrica cnbcafrica.com/video/?bctid=4…
The Nigerian Equity market will be pre-open shortly. What are you expectations for today's session? #BuildYourFuture
WATCH: PM at Vetiva Capital, @OyeladeE
shares her thoughts on the markets with @cnbcafrica cnbcafrica.com/video/?bctid=4…
VETIVA GRIFFIN 30 ETF declares 12kobo Interim distribution - Proshare fb.me/2yuyFzvkq
The Vetiva Sector Series Exchange Traded Funds (“VSS ETFs”) offer is now open. For more info please visit vetiva.com/funds/download…
to List Three #ETFs
on the #NSE
; Vetiva Banking, Vetiva Consumer and Vetiva Industrials ETFs. vetiva.com/funds/download…
Griffin 30 ETF Redeems 5,000,000 Units of Securities
Nigeria - A New Dawn; equity and bond markets to rally! #Nigeria2015 #NewDawn
Full report here -> vetivaonline.azurewebsites.net/Research/Repor…
Equities: We see 16% return potential for 2015 #2015Outlook #CrunchTime #CapitalMarkets
Fixed income: Amidst headwinds, yields could compress 150bps in H2 #2015Outlook #CrunchTime #CapitalMarket
Naira to depreciate in 2015; NGN/USD (Interbank) forecast at 202 #2015Outlook #CrunchTime #Currency
Inflation to remain single digit, 2015 CPI inflation to average 8.8%y/y #2015Outlook #CrunchTime #Inflation
We expect the MPR will remain at 13% over H1 2015 #2015Outlook #CrunchTime #MonetaryPolicy
Our 2015 real GDP growth expectation revised to 5.5% (previously 6.5%) #2015Outlook #CrunchTime #EconomicGrowth
Modest growth in investment demand and a slower growth in private household consumption expenditure #2015Outlook #CrunchTime #EconomicGrowth
Government consumption expenditure and net exports growth to contract #2015Outlook #CrunchTime #EconomicGrowth
Earnings growth expectations revised downwards for Nigerian banks to 13% following MPC decision to further tighten bit.ly/1FAAun0
TP cut to N12.04 but rating upgrade to HOLD; cautious optimism on energy cost... bit.ly/1vogOjx
We update our view on Guinness Nigeria with a BUY rating as the Brewer stages a comeback anchored on innovation,RTC vetiva.merchantsecure.com/Research/Repor…
Vetiva expects GDP growth to be driven by industry sector H2 | BusinessDay: businessdayonline.com/2014/08/vetiva…
"If people never did silly things, nothing intelligent would ever get done." - Ludwig Wittgenstein
Vetiva's Pabina Yinkere talks about change in Oando's TP with @cnbcafrica cnbcafrica.com/video/?bctid=3…
Video: Update on Nigerian equities market - CNBC Africa cnbcafrica.com/video/?bctid=3…
Vetiva's Adedayo Idowu discusses the H2 2014 outlook with @cnbcafrica
Video: Nigeria's 2015 elections could define economic landscape - CNBC Africa cnbcafrica.com/video/?bctid=3…
"First thing first, but not necessarily in that order." Doctor Who
we know that the future doesn't just happen; it has to be built.
Look at opportunities and challenges from a long-term perspective...