March 16, 2020/SEC Nigeria The Securities and Exchange Commission (the Commission) in furtherance of its investor protection and market development mandate has over the years, and in collaboration with other market stakeholders, worked actively to – amongst others – ensure accountability, transparency and stability in the capital market. In line […]
Investors Bite
COVID-19: Implications of the Global Pandemic on Nigeria’s Economy and Recommended Investment Strategy
March 13, 2020/Cowry Asset Nigeria’s economy, which grew by 2.77% in 2019 (higher than 1.91% in 2018) is currently in dire straits as a result of global COVID-19 (coronavirus) pandemic. The situation has created global uncertainty and loss of business and consumer confidence, slowed international trade by weakened demand, and […]
Nigerian Stocks Record Worst Weekly Loss on Record, amid COVID-19 Fears, Lower Oil Prices
March 13, 2020/Cordros Report It was a gloomy week for the domestic bourse as coronavirus fears and lower oil price panic-selling drove the market to its worst weekly loss on record. The ASI declined by 13.6% w/w, as investors sold off across board. Accordingly, the MTD and YTD losses increased […]
