August 18, 2025/CSL Report Minister of Finance, Wale Edun, disclosed last week that a proposal has been submitted to the Federal Executive Council (FEC) seeking approval for a plan to clear the Federal Government’s ₦4 trillion debt (c.1% of GDP) owed to power generation companies (GenCos). This follows President Tinubu’s […]
Updates
Nigerian Stocks Close Week Lower -0.8% on Losses in Blue Chips
The NGX ASI closed the week 0.8% lower w/w, weighed down by losses in MTNN (-3.3%), WAPCO (-5.2%), ZENITHBANK (-3.0%), GTCO (-2.3%) and OANDO (-6.9%). Consequently, the MTD and YTD returns moderated to +3.4% and +40.5%, respectively. August 15, 2025/Cordros Report Global According to the Bureau of Labor Statistics (BLS), […]
Nigeria July 2025 CPI: Disinflation Trend Expected to Continue in August
August 15, 2025/Cordros Report According to the National Bureau of Statistics (NBS), Nigeria’s headline inflation pared by 34bps to 21.88% y/y in July (June: 22.22% y/y), primarily driven by a sharp moderation in core inflation (-143bps to 21.33% y/y vs June: 22.76% y/y). However, food inflation rose by 77bps to […]
