Culled—Proshare April 21, 2020 By CardinalStone Research Executive Summary The COVID-19 pandemic and oil price shocks have led to costly global economic disruptions. With Nigeria hugely reliant on a well-functioning global economy for trade, and stable oil prices for FX earnings and budget funding, there is a strong probability that […]
Updates
Daily Market Update for April 21, 2020-Cordros
April 21, 2020/Cordros Report EQUITIES The Nigerian equities market ended the day’s trading on a negative note as sell-off of GUARANTY (-7.8%), ZENITHBANK (-7.8%), and WAPCO (-9.2%) stocks, ensured that the domestic bourse record its second consecutive losses. Thus, the All-Share Index declined 1.3% to 22,629.92 points. Accordingly, Month-to-date gain […]
IMF, RFAs Ready to Cooperate to Mitigate the Impact of COVID-19 on the Global Economy
April 21, 2020/IMF The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva; the Director General Chairman of the Board of the Arab Monetary Fund, Mr. Abdulrahman Al Hamidy; Director of ASEAN+3 Macroeconomic Research Office (AMRO), the surveillance unit of the Chiang Mai Initiative Multilateralisation (CMIM), Mr. Toshinori […]
