Official Afrinvest Investment Research account, bringing you updates on the Nigerian capital markets and the economy // RTs are not endorsements of opinions.
Lagos, Nigeria
Joined May 2015
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This week in review...
1️⃣ 🇺🇸, 🇪🇺, and 🇯🇵 central banks kept interest rate unchanged.
2️⃣ Global equity market was rattled as Alphabet reported weaker-than-expected Q3 earnings.
3️⃣ For insights into our analysis, read our October macroeconomic note
👉🏽 linktr.ee/afri_research
Earnings Season is back again on NGX.
Q3 earnings from top companies are out and Afrinvest Research is helping you make sense of the numbers.
From Okomu Oil to Stanbic IBTC, to International Breweries, read our insights.
Click here 👇🏽 to download
linktr.ee/afri_research
Afrinvest Research retweeted
Yesterday, I had the pleasure of receiving a courtesy visit from Ike Chioke, Group Managing Director of @Afrinvest.
A few years after the 2008 global financial crisis, which tested the resilience of many businesses, including Afrinvest, I made an unsolicited investment of $1 million in the company.
Read more on my blog:👇🏾
tonyelumelu.com/afrinvest-wh…
In our weekly market recap, we highlighted the major talking points from the global equity market with major focus on the U.S.
From elevated inflationary pressures, to mixed bank earnings and AI stock jitters.
Watch out for our weekly report for more details.
HBMNG 🇳🇬 released its H1 2026 earnings and to the joy of shareholders, they declared ₦16 interim dividend per share.
Find out our review of this performance in our latest earnings flashnote.
Get access 👉🏽 linktr.ee/afri_research
Earnings season is back again on NGX 🇳🇬 with bellwether companies releasing their latest financial performance.
Read our thoughts on the earnings of mega cap companies and our outlook.
From Unilever, to BUA Cement to Airtel Africa.
Get access 👉🏽 linktr.ee/afri_research
After June's selloff 📉, the NGX 🇳🇬 is on a rebound 📈 as investors are positioning on large cap stocks.
Nigerian equity market is also getting attention from S&P Global.
Here's our weekly market recap on major updates on NGX.
#WeeklyMarketRecap #AfrinvestResearch
The NGX had a positive start to 2026 with the ASI up 47.4% as of H1:2026, buoyed by solid corporate earnings, increasing retail participation, & improving macro stability.
As H2 unfolds, we share our expectations for the market in our latest report.
👉🏽 linktr.ee/afri_research
Nigeria’s macroeconomic reforms have begun to deliver tangible gains, with stronger economic growth, moderating inflation, improved FX stability, etc.
As H2 unfolds, we share our thoughts on 🇳🇬 macro outlook in our latest report.
Download here 👉🏽 linktr.ee/afri_research
The global economy was resilient in H1:2026, supported by sustained AI investments, resilient labour markets, despite an increasingly geopolitical shift.
Here's what we think would shape the global economy in H2:2026 in our latest report.
👉🏽 linktr.ee/afri_research
ETI, FCMB & DANGCEM Payment Date is this Week! ⚡️
#CorporateActionsUpdate
Another week to position in the equities market.🤑
See our weekly stock recommendation via tinyurl.com/afrinveststockre…
What are you investing in this week?
#Afrinvest #AfrinvestStockRecommendation
After months of gains, we're beginning to see some investors lock in profits, leading to a slight pullback in the NGX.
So, is this a warning sign or simply a healthy pause after a strong run?
#WeeklyMarketRecap #AfrinvestResearch
Macroeconomic Update ⚡️⚡️
Nigeria’s headline inflation rose to 15.93% y/y in May 2026 from 15.70% in April, broadly in line with our forecast of 16.09%. The increase marks the third consecutive uptick since the Middle East crisis triggered a surge in global energy prices…
Specifically, food inflation accelerated to 16.96% y/y (vs. our forecast: 16.47%), reflecting the pass-through effect of elevated PMS and diesel prices on transportation and food distribution costs…
DANGCEM & FCMB Closure Date is this Week! 😇
Are you locked in? 🤑
#CorporateActions
In case you missed our full weekly report, read it here zc.vg/bOOsI?m=0
Nigeria attracted a record $10.4bn in foreign capital in Q1 2026, up 83.8% y/y, driven largely by portfolio flows (95% of total inflows).
Strong numbers, but the composition tells a more important story.
Here’s our quick take👇
#WeeklyMarketRecap
Nigeria attracted a record $10.4bn in foreign capital in Q1 2026, up 83.8% y/y, driven largely by portfolio flows (95% of total inflows).
Strong numbers, but the composition tells a more important story.
Here’s our quick take👇
#WeeklyMarketRecap