Culled—-Proshare June 16, 2020 By FBNQuest Research Our chart highlights the deterioration in the sentiment of foreign portfolio investors (FPIs) towards listed Nigerian equities over many months. The last net inflow goes back to September and was minimal (N1bn). The net outflow was highest (N66bn) in March 2020, which saw […]
OPINION/EDITORIAL
2020 Mid-Year Outlook: COVID-19 Pandemic Reframes Narrative
June 16, 2020/Cordros Report If our tone at the end of last year was grim, it wasn’t grim enough. In our 2020 Outlook, At the Cliff’s Edge, published last December, we cautioned that the global economy was due to face more turmoil in the year, but were cautiously optimistic about […]
The Mystery of Naira Liquidity
June 15, 2020/Coronation Report When a currency is under pressure you expect interest rates to go up, and the long-term (we mean 10-year) lesson is that this generally happens in Nigeria. But is it not happening now. A huge amount of liquidity held by investing institutions (such as pension funds […]
