Prediction on Nigerian Equities Looks Seedier than a Wet Soil Granola
NGX All‑Share Index: It’s Taking a Little Nippy Bite
On Tuesday, Nigerian equities opened lower, trading like someone hit the “reset” button on a coffee machine that just started to work.
Mixed Bag of Stocks
- Honeywell Flour Mills and International Breweries floated the market, soaring higher than a peacock at a feather‑cloudly contest.
- Transcorp and Zenith Bank shrank, dropping like a hot‑dog dropped from a stall.
Maybe a Boost from Dangote’s Shipyard Plan
All eyes turn to Aliko Dangote’s deep‑seaport idea in Olokola, Ogun State: a mega‑shipyard that could untangle Nigeria’s trade knots and keep petrochemicals, LNG, and fertilizers shipping smoothly.
Data‑Friday: Inflation & GDP Deliver the Punch
- Inflation slid to 22.97% in May from 23.71% in April—a sigh of relief, but the numbers still keep the fiscal engine bumping.
- Q4 GDP grew 3.84%, powered by services leaping ahead at 5.37%. If the Q1 numbers keep the trend, risk appetite may bump back in, giving the market another chance to grin.
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