Executive Summary As the year unfolds and resets, all eyes are on the fiscal space. A key point of concern remains the Finance Bill, which has gained significant traction over the past two years, especially in 2024. However, despite the aggressive increase in the additional revenues proposed by the bill, little has been accomplished, as…
The market closed the week on a mixed note with the NASI, N10, and NSE 25 up 3.3%w/w, 3.0%w/w, and 2.5%w/w respectively while the NSE 20 retreated by 1.6%w/w. Market activity declined to USD 14.80m (-26.1%w/w). Equity Group dominated market activity accounting for 31.2% of the week’s turnover. The counter’s price function rose by 0.9%w/w…
Economic Downshift A softer jobs report may have shifted rate cut expectations forward. Data during the week showed fewer job openings, lower wages and higher unemployment – with some going as far as calling the week’s jobs report a ‘goldilocks report’. Early as it may be to make goldilocks pronunciations, the hot jobs market may…
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