May 29, 2020/Coronation Report On Monday we learned about Q1 2020 GDP, up by1.87% year-on-year (Q4 2019: +2.27% y/y) with Non-oil growth at just 1.55% y/y. The Non-oil growth drivers were Agriculture and Telecoms, but both showing slightly weaker growth than before. Going forward, we expect the large Trade sector […]

May 29, 2020/Cordros Report Global Economy Economic activities nosedived into a technical recession in Germany over the first quarter of the year – the first recession in seven years. Notably, after contracting by 0.1% q/q in Q4-19 following weaknesses in the external sector, GDP growth plunged by another 2.2% q/q, […]

May 29, 2020/Cowry Asset In the just concluded week, the Central Bank of Nigeria (CBN), in a move to further cushion the negative effect of COVID-19 in the country and support economic growth, approved regulatory forbearance for the restructuring of credit facilities in the Other Financial Institutions (OFIs). Consequently, all […]