September 15, 2020/Cordros Update Nigeria’s headline inflation maintained its upward trajectory, as it expanded by 40bps in August 2020 to 13.22% y/y (July: 12.82% y/y), the highest level since March 2018. The outturn is 13bps higher than Cordros’ (13.09% y/y) estimate, owing to a negative surprise from food inflation and […]

September 14, 2020/Cordros Report EQUITIES The domestic equities market started the week on a positive note, as buying interest in DANGCEM (+0.8%) spurred a marginal gain in the market. Thus, the All-Share Index inched up by 0.1% to 25,605.59 points. Accordingly, the Month-to-Date gain increased to 1.1% while Year-to-Date loss […]

September 14, 2020/AMCON Following the order of Honourable Justice M.S. Hassan of the Federal High Court, Lagos division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Mr. Frank Okwudili Ezuma and Mrs. Lilian Ifeoma Okwudili Ezuma, the chief promoters of Geedee Zulu Investment Limited over […]