December 24, 2020/Cowry Asset Freshly released Q4 2020 consumer expectations survey report by the Central Bank of Nigeria (CBN) showed that consumer confidence in the quarter was negative as the overall index stood at -14.8 points; albeit it improved from -21.2 points printed in Q3 2020. Consumers attributed the pessimistic […]
Updates
DANGCEM Drives Nigerian Stocks to +5.4% Weekly Gain Highest Since May 28, 2018
December 24, 2020/Cordros Report Investors flocked into the shares of Dangote Cement following the announcement of its much-awaited share buyback programme. Based on the preceding, the local bourse received a boost as the ASI rose by 5.4% w/w, the second consecutive weekly gains and closed at 38,800.01 points, the highest […]
CBN Releases December 2020 Business Expectations Survey Report
December 24, 2020/CBN 1.0 Highlights •Respondent firms expressed pessimism on the macro economy. •Respondents’ outlook on volume of business activity, average capacity utilization,volume of total order, and financial condition(working capital) were positive. •Respondent firms identified insufficient power supply, unfavourable economic climate, competition, high interest rates, unclear economic laws, financial problems,unfavourable […]
