External broker reports(aggregated public sources), CardinalStone

CardinalStone

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing.

Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

External broker reports(aggregated public sources)

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing. Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

Macroeconomics

<ul><li>According to the National Bureau of Statistics (NBS), the consumer price index for September rose by 55bps to 32.7% YoY, outpacing our estimate by 40 bps.</li><li>Dissecting the key driver of this performance, we note that the accretive benefit from the onset of harvests in the southern and northern parts of the country, which helped to moderate the food basket for two consecutive months, was offset by lower farm yields due to flooding and security challenges in northern Nigeria.</li><li>According to FEWSNET, heavy rainfall recorded in August and September led to flooding of c.342,000 hectares of farmland up north. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

According to the National Bureau of Statistics (NBS), the consumer price index for September rose by 55bps to 32.7% YoY, outpacing our estimate by 40 bps.Dissecting the key driver of this performance, we note that the accretive benefit from the onset of harvests in the southern and northern parts of the country, which helped to moderate the food basket for two consecutive months, was offset by lower farm yields due to flooding and security challenges in northern Nigeria.According to FEWSNET, heavy rainfall recorded in August and September led to flooding of c.342,000 hectares of farmland up north. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CardinalStone Research - Inflation October 2024