Updates

Mastercard Names Tim Murphy to Chief Administrative Officer

April 15, 2021/Mastercard Mastercard (NYSE: MA) today announced the appointment of Tim Murphy, the company’s general counsel, to the newly created position of chief administrative officer. In this role, he will have oversight of the company’s Law, Franchise and Integrity activities, as well as the added management of its People […]

March Headline Inflation Rises to 18.17% amid Sustained Food Price Hike

April 15, 2021/Cowry Asset Report In line with our expectations, the National Bureau of Statistics reported a 18.17% rise in the annual inflation rate for the month of March (higher than 17.33% in February). Persistent rise in the food prices continue to exert pressure on the annual inflation rate even […]

Is the CBN’s Fiat-led Intervention Working?

April 15, 2021/United Capital Research At the May Monetary Policy Committee (MPC) meeting, the CBN governor highlighted the status around its several interventions in the real economy. In the manufacturing sector, he disclosed the apex bank has disbursed N803.4bn out of its N1.0tn Manufacturing Intervention Stimulus. In the healthcare sector, […]