June 28, 2020/Mediacraft With the impact of coronavirus pandemic which has left businesses across the globe counting losses, Mitchell Elegbe, Founder and Group Managing Director at Interswitch has described it as a wake-up call for companies to take proactive measures, as well as have a crisis management plan in order […]
Updates
Manufacturing PMI Falls Further in June as New Orders Remained Weak on Partial Lockdown
June 26, 2020/Cowry Asset Recently released Purchasing Managers’ Index (PMI) survey report by Central Bank of Nigeria (CBN) showed that manufacturing sector contracted in June 2020 as new orders declined faster amid partial lockdown of the economy. The non-manufacturing businesses reflected a gradual recovery as business activities picked amid improved […]
Weekly Economic and Market Report for June 26, 2020-Cordros
June 26, 2020/Cordros Report Global economy According to the Bureau of Economic Analysis, the US economy shrank by an annualized 5% in the first quarter of 2020, in line with the previous estimate and ending the most prolonged period of expansion in the country’s history. It marked the largest drop […]