July 25, 2023/Fitch Ratings U.S. large and regional bank results for 2Q23 have been broadly weaker on a sequential-quarter and year-over-year basis, largely in line with expectations, Fitch Ratings says. The weaker results reflect rising deposit costs, an uptick in provisions and continued inflationary pressure on non-interest expenses. Based on […]
OPINION/EDITORIAL
Key Macroeconomic Themes Across Coverage Countries
July 28, 2023/Cordros Report Economic activities remain on a positive growth path across our coverage countries amid lingering inflation and local currency pressures. Besides that, fiscal pressures have persisted in most of our coverage countries, more so that global interest rates remain high. Accordingly, the preceding implies that bond yields […]
Decent Growth in the Assets of PFAs
July 28, 2023/Coronation Research According to the latest monthly report released by Nigeria’s Pension Commission (PENCOM), the assets under management (AUM) of the regulated pension industry increased by 17.5% y/y to N16.8trn in June ’23. On a m/m basis, the AUM increased by 6.3%. We note that FGN debt securities […]
