August 26, 2020/Cordros Report EQUITIES For the sixth consecutive session, the domestic equities market traded with bullish sentiments, as investors’ interest in STANBIC (+4.5%) supported market gain. Thus, the All-Share Index inched higher by 0.2% to close at 25,330.10 points. Consequently, Month-to-Date gain increased to +2.6% while the Year-to-Date loss […]
Updates
Nigeria Faces Severe Stagflation as GDP Declines, Unemployment and Inflation Rise
Culled—Proshare August 26, 2020 By FSDH Research Find attached the GDP and Inflation 2020 Q2 slide deck and below are the key highlights. The Nigerian economy contracted by -6.1% in the second quarter of 2020. This represents the highest quarterly decline since the first quarter of 2004 (-7.6%). The contraction […]
Philips Consulting CEO Report exposes real estate industry’s worst fears
August 26, 2029 By Goddie Ofose Ofose About 84 per cent of chief executive officers in Nigeria have agreed that the real estate industry in Nigeria is plagued due to the pandemic, especially, companies in the business of office rentals. This revelation is contained in the recently published CEO Report, […]
