June 30, 2023/Fitch Ratings Fitch Ratings expects Malaysian benchmark crude palm oil (CPO) spot prices to weaken further over the next 12 months, after falling rapidly since May 2023. Prices are likely to be pressured by steadily rising CPO output and robust near-term market expectations for supply of competing vegetable […]
OPINION/EDITORIAL
The Nigerian Asset Management Industry: Segregated Portfolios Take Centre Stage
June 30, 2023/Hill+Knowlton Strategies Nigeria is the third largest investment management zone in sub-Saharan Africa, after South Africa and Morocco. Agusto & Co. estimates that Nigeria had ₦3.5 trillion1 ($7.8 billion)2 in assets under management (AuM) as at the end of 2022, representing a 25% increase from the prior year. […]
Subsidy Removal; More Nigerians to be Pushed below the Poverty Line
June 30, 2023/CSL Research According to the World Bank, Nigeria has one of the highest inflation rates, which has pushed an estimated four million people into poverty between January and May 2023. The Washington-based lender also warned that about 7.1 million poor Nigerians would become poor if the Federal Government […]
