global asset management

Most World Bourses plummeted this period principally because of Inflation concerns and Energy Concerns. USD is dropping as rising Energy Prices dent rates cut outlook and equally Naira traded at NFEM rate of N1,366.23/$ as Middle East Conflict sparks global volatility. Based on the recent monetary policy developments, the Central Bank of Nigeria (CBN) already cut its key interest rate (MPR) by 50 basis points to 26.5% during the meeting held on Feb 23-24 . Certainly, there is a lot of uncertainty looming over the world economies at this point in time. GENERAL DISCLOSURES. The N...

Despite the sprawling increase in the price of crude oil as a result of raging wars between USA and Iran, which led to the closure of Strait of Hormuz by Iran ,the effect has brought a lot of economic hardships to virtually every segment of the economy of the world.Oil prices have been on a roller coaster the past weeks.US WTI crude oil prices settle at $94.53per barrelBrent Crude at around $99.89Per barrelNigeria crude oil (bonny light) $96.33 per barrel It is envisaged that the oil prices may inch up to say around $150 per barrel. There is energy crisis in the world. Most stocks in...

The market closed the week and the month with the NGX AII -Share Index and Market Capitalization appreciating by 6.95% to close the week at 194,989.7 and N125.164 trillion respectively. The NGX All - Share Index ( ASI ).lost 1.11 % wtd, with MTD at 16.69, while YTD stands at 23.91. NGX oil / Gas Index led the pack with a YTD of 52.07%, followed by The Banking Index at YTD of 24.82%. The above figures are very relevant if benchmarked with the Wema Share Price Changes in the corresponding period as detailed below. YTD 32.35%QTR TD 32.35%MTD 15.38%WTD 0.75% It closed at N27.00 with impr...