November 27, 2020/Coronation Report Recently the National Bureau of Statistics (NBS) released GDP data for Q3 2020, showing a decline of -3.62% y/y with Non-oil GDP falling by just -2.51% y/y. The Non-oil GDP growth drivers were the Telecoms sector (+17.36% y/y) and Agriculture (+1.39% y/y). These data are considerably […]

November 27, 2020/Cowry Asset Report In the just concluded week, Nigeria’s economy technically went into recession having printed two consecutive quarters of negative growth rates in line with our expectation. Specifically, data from the National Bureau of Statistics (NBS) showed that the country’s real Gross Domestic Product contracted y-o-y by […]

November 27, 2020/OilPrice.com Oil prices are set for a fourth consecutive weekly gain as positive vaccine news and hopes of an OPEC+ production cut extension boosts bullish sentiment. Friday, November 27th, 2020 Oil prices have held on to recent gains despite Covid-19 headwinds. Investors are growing increasingly optimistic and looking […]