November 23, 2020/Cordros Report Economic growth declined in the third quarter of 2020, albeit at a slower pace than in the previous quarter, with the recently released GDP report showing GDP declined by 3.62% y/y (vs. Q2-20: -6.10% y/y). The performance was better than we expected – the outturn was […]

November 20, 2020/Cowry Asset Report Recently released Purchasing Managers’ Index (PMI) survey report by Central Bank of Nigeria (CBN) showed that manufacturing sector hit 50.2 index points while the non-manufacturing sector witnessed further recovery from contraction, nearing 50 index points (which indicates neutrality), as production level and business activities picked. […]

November 20, 2020/OilPrice.com Oil prices look set to rebound in 2021 as optimism grows around a COVID vaccine and OPEC looks set to extend its production cuts. Friday, November 20th, 2020 Oil prices pared recent gains as investors nervously watch the spread of Covid-19, which has tempered bullishness following positive […]