November 23, 2020/Cordros Report EQUITIES The domestic equities market extended its losses from the last two trading sessions, as the All-Share Index declined by 4bps to 34,121.78 points. The NSE ASI was dragged by profit-taking on major financial services tickers – ZENITHBANK (-5.7%), WAPCO (-10.0%), STANBIC (-8.0%) and GUARANTY (-3.7%). […]
Updates
Nigeria Economy Slides into Recession; Albeit, Q3 2020 Real GDP Contraction Rate Eases to 3.62%
November 23, 2020/Cowry Asset Report In line with our expectation, Nigeria’s economy went into recession as it printed two consecutive quarters of negative growth rates. Specifically, the country’s real Gross Domestic Product contracted y-o-y by 3.62% to N17.82 trillion in Q3 2020, albeit better than a 6.10% contraction printed in […]
IOSCO Annual Meeting addresses the impact of COVID 19 and other critical matters on securities markets
November 23, 2020/IOSCO Members of the International Organization of Securities Commissions (IOSCO) gathered online for the organization´s 45th Annual Meeting last week to discuss the impact of COVID 19 on capital markets and other priority issues facing securities market regulators and supervisors today. Some 480 members from 159 jurisdictions participated […]
