Updates

GDP Grew +2.5% Y/Y Compared to +2.3% Y/Y in Q1 ’23

August 25, 2023/Coronation Research The national accounts for Q2 ‘23 by the National Bureau of Statistics (NBS) show that GDP grew by 2.5% y/y compared with the 2.3% y/y recorded in Q1 ’23. Meanwhile, on a q/q basis, it declined marginally -0.2%, reflective of the current hazy macroeconomic environment.  Oil’s […]

SEC Announces First Fee Rate Advisory for Fiscal Year 2024

August 25, 2023/US SEC The Securities and Exchange Commission today announced that the fees that public companies and other issuers pay to register their securities with the Commission will increase from $110.20 per million dollars to $147.60 per million dollars, effective Oct. 1. The new fee rate will be applicable […]

Y/Y Increase in Broadband Penetration

August 25, 2023/Coronation Research According to the latest data released by the Nigerian Communications Commission (NCC), internet subscriptions stood at 159.5 million in June ’23, reflecting a 5.6% y/y increase. Meanwhile, on a m/m basis, internet subscriptions declined marginally by -0.06% (c.99,000). Internet subscriptions continue to remain resilient despite the […]