Feb. 24, 2020/US SEC Good morning.  Thank you, Kristi, for the kind introduction and for the invitation to join you here today.[1] I’m pleased to speak to you about the work that the SEC’s Office of Credit Ratings or “OCR” has been doing in an area of critical importance to […]

February 24, 2020/Coronation Report Since last July the Central Bank of Nigeria (CBN) has pursued non-conventional monetary policies (see Coronation Research, Year Ahead 2020, 16 January) which have seen credit grow and domestic risk-free rates fall well below the level of inflation. There are risks the Naira/US dollar exchange rate […]

February 24, 2020/Cordros Report Nigeria’s economic growth momentum remained broadly positive in Q4-2019, as GDP grew by 2.55% y/y (vs. 2.28% y/y in Q3-19), the highest quarterly figure since Q3-2015. For 2019FY, economic activities expanded by 2.27% y/y (vs. 1.19% y/y in 2018FY). According to the breakdowns provided, while the […]