Selected food price watch data for January 2019 reflected that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 7.49% and month-on month by 0.62% to N469.85 in January 2019 from N466.97 in December 2018 while the average price of piece of Agric eggs medium size(price of one) increased year-on-year by 8.58% and decreased month-on-month by -0.93% to N42.18 in January 2019 from N42.58 in December 2018.
The Bond Market opened the week on a relatively quiet note, as market players digested news of the postponed Nigerian Elections. Yields rose marginally higher by c.6bps following slight sell on the 2028s, in anticipation of renewed supply of the bond at the FGN auction scheduled for Wednesday
Nigeria’s All Shares Index (ASI) took a -1.61% dive on day-end trading for Monday 18 February 2019. The market dip was apparently in response to the postponement of Nigeria’s 2019 Presidential elections by the country’s electoral authority, the Independent National electoral Commission (INEC).