February 10, 2020/Coronation Report

January started so well: February is another matter. Nigeria’s stock market was world’s best-performing in January, foreign money flowed into its fixed-income instruments. Then came the coronavirus, fears over global growth and a sharp drop in oil prices.

There is no reason to panic, in our view, but it is necessary to keep a close watch on key indicators this month to see how our key forecasts (see Coronation Research, Year Ahead 2020) will work out. Meanwhile Lagos State Government has rid the streets of motorcycle-taxis and trikes.

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