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<p>The Nigerian equities market is traded largely positive this week with buy interest in OANDO, FBN Holdings and UBA. Will the market close the month green? Ameerat Adamu, Investment Research Analyst at ARM Securities joins CNBC Africa for a weekly wrap of market movements and what to expect in December.</p>


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Will Nigeria equities close November green?

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<p>Analysts at Parthian Partners expect Nigeria’s Monetary Policy Committee to raise the MPR by 25 basis points while expecting this will have minimal impact on the equities market. Meanwhile, they predict the market will close December positive on the back of corporate actions with notable rally expected in selected stocks. Oluwafunmilola Adebowale, Head of Research, Parthian Partners joins CNBC Africa for more.</p>


Parthian: Nigeria MPC likely to raise MPR by 25bps

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<p>The naira is regaining some lost ground with marginal appreciation against the greenback at the NAFEM window. Will the local currency strengthen near-term? Bankole Odusanya, Treasury Chief Dealer at Polaris Bank joins CNBC Africa for more on this and the likely outcome of today’s primary market auction.</p>


Will naira strengthen near-term?

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<p>Despite possible gains in the banking and oil &#038; gas stocks, analysts at Vetiva say they expect the challenges in the industrial and consumer goods sectors to temper overall gains. Jesusetuntun Ajagun, a Portfolio Manager at Vetiva Capital Management, joins CNBC Africa to gauge market sentiments in November.</p>


Vetiva expects mixed equities sentiment

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<p>The Nigeria equities market sustained the positive momentum from last week as investors continue bargain-hunting ahead of next week’s MPC meeting. Calista Chileke, Investment Research Analyst at ARM Securities, joins CNBC Africa for a market discussion.</p>


What will boost positive momentum in Nigeria equities?

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<p>Nigeria’s headline inflation witnessed a 118 basis point spike to 33.88 per cent in the month of October. With food inflation rising by 139 basis points to 39.16 per cent year-on-year.  So how will the markets react to the October reading? Victory George, Investment Research Analyst at Meristem Securities joins CNBC Africa for more.</p>


How will markets react to Nigeria’s inflation spike?

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<p>Analysts at Sterling Asset Management and Trustees the volatility in the equities market to linger as investors analyse sectors impacted by FX fluctuations and inflation. Patrick Ejumedia, Head of Research at Sterling Asset Management and Trustees, joins CNBC Africa to for more market movements.</p>


Sterling Asset Management: Equities market volatility to persist

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<p>The Nigerian equities market witnessed profit-taking activities, particularly Oando, MTNN and Transcorp. Meanwhile, the Nigerian Exchange lifted its suspension on trading in Oando securities following the company’s compliance with financial disclosure requirements. Muktar Mohammed, an Analyst at Assar Investments, joins CNBC Africa to gauge investors&#8217; sentiments on Oando shares.</p>


Are investors bullish on Oando?

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<p>On this special episode of Corporate Access, we put the spotlight on one of Nigeria&#8217;s leading Food and Agro-allied companies &#8211; Flour Mills of Nigeria. The Chairman of the company, John Coumantaros speaks to CNBC Africa about their growth and expansion plans, where Flour Mills of Nigeria is looking to scale production in Nigeria, and tap the wider African market through exports.</p>


Corporate Access: Flour Mills of Nigeria Chairman John Coumantaros talks future plans

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<p>Investors at the Nigerian Exchange are digesting more results from listed companies as the market begins to witness profit-taking activities. Muktar Mohammed, an Analyst at Assar Investments, joins CNBC Africa for this discussion.</p>


Investors digest more Q3’24 earnings

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<p>Fidelity Bank, Access Holdings and Zenith Bank among the latest set of banks releasing their third quarter earnings this week posting double digit profit percentage increases and rise in net interest income after impairment charges . Nabila Mohammed, Banking Sector Analyst at Chapel Hill Denham joins CNBC Africa to digest these numbers and the outlook for the equities market.</p>


Investors digest Q3’24 bank earnings

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<p>Significant gains from key players such as UBA and Unilever are fueling a bull run at Nigeria’s equities as investors eye more earnings release. Muktar Mohammed, Analyst at Assar Investments joins CNBC Africa to unpack recent earnings and the outlook for the market.</p>


Q3’24 earnings fuel equities bull run

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<p>Analysts expect the direction of market performance for the rest of this month to be shaped by the ongoing third quarter earnings season as investors cherry-pick fundamentally sound stocks. Oyindamola Oyenuga, Investment Research Analyst at Meristem Securities joins CNBC Africa for more market movements.</p>


Investors digest Q3’24 earnings, cherry-pick stocks

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<p>Traders at Access Bank expect bearish sentiments to prevail going forward until system liquidity improves. Meanwhile,  they observe some demand for long tenured OMO and T-bills, with most trades passing through the 7th October 2025 OMO and 4th September 2025 T-bill at an average of 23.9 per cent and 19.5 per cent respectively. For the bond side, improved offers are seen on the mid-dated maturities, particularly on the 2031 bond. Dimeji Obasa, Fixed Income Dealer at Access Bank joins CNBC Africa for more market movements.</p>


Access: Bearish run to prevail until liquidity improves

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<p>Cardinal Stone Securities believes key risks to expectations following Aradel Holdings listing on the Nigerian Exchange include potential delays in regulatory approvals, oil price volatility, strong competition, infrastructure downtime, and security issues in the Niger Delta that could disrupt operations. The Securities firm, however, notes the likely exploration of 2C contingent resources and the success of strategic acquisitions are major upside risks. Adebayo Adebanjo, Senior Analyst at Cardinal Stone Securities joins CNBC Africa for more on this and other equities market updates.</p>


Cardinal Stone: Oil price volatility, security issues key risks for Aradel Holdings

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<p>Foreign investment in Nigeria’s equities rose 204 per cent quarter-on-quarter to $150 million. Muktar Mohammed, Analyst at Assar Investments joins CNBC Africa on the performance of the equities market and likely impact of new petrol price shocks across sectors.</p>


Foreign investment in Nigeria’s equities up 204% to $150mn in Q2’24

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<p>Traders at Access Bank say thin liquidity is driving a bearish market run. Meanwhile, following the release of the OMO auction results this week, bids are skewed towards the mid to long-term maturities, with emphasis on the May 2033 and March 2050 bonds. Ebube Uneze, Treasury Team Member at Access Bank joins CNBC Africa for market movements.</p>


naira

Will Nigeria equities close November green?

Parthian: Nigeria MPC likely to raise MPR by 25bps

Will naira strengthen near-term?

Vetiva expects mixed equities sentiment

What will boost positive momentum in Nigeria equities?

How will markets react to Nigeria’s inflation spike?

Sterling Asset Management: Equities market volatility to persist

Are investors bullish on Oando?

Corporate Access: Flour Mills of Nigeria Chairman John Coumantaros talks future plans

Investors digest more Q3’24 earnings

Investors digest Q3’24 bank earnings

Q3’24 earnings fuel equities bull run

Investors digest Q3’24 earnings, cherry-pick stocks

Access: Bearish run to prevail until liquidity improves

Cardinal Stone: Oil price volatility, security issues key risks for Aradel Holdings

Foreign investment in Nigeria’s equities up 204% to $150mn in Q2’24

Access: Low liquidity drives bearish run

News Tips

Advertise With Us

naira

Will Nigeria equities close November green?

Parthian: Nigeria MPC likely to raise MPR by 25bps

Will naira strengthen near-term?

Vetiva expects mixed equities sentiment

What will boost positive momentum in Nigeria equities?

How will markets react to Nigeria’s inflation spike?

Sterling Asset Management: Equities market volatility to persist

Are investors bullish on Oando?

Corporate Access: Flour Mills of Nigeria Chairman John Coumantaros talks future plans

Investors digest more Q3’24 earnings

Investors digest Q3’24 bank earnings

Q3’24 earnings fuel equities bull run

Investors digest Q3’24 earnings, cherry-pick stocks

Access: Bearish run to prevail until liquidity improves

Cardinal Stone: Oil price volatility, security issues key risks for Aradel Holdings

Foreign investment in Nigeria’s equities up 204% to $150mn in Q2’24

Access: Low liquidity drives bearish run

News Tips

Advertise With Us

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