August 25, 2023/Cordros Report According to the National Bureau of Statistics (NBS), Nigeria’s economy maintained its growth momentum in Q2-23, with real GDP growing by 2.51% y/y (Q1-23: +2.31% y/y). The growth outturn is 60bps lower than Cordros’ estimate (+3.11% y/y), primarily due to the higher-than-expected oil sector’s contraction. Based […]
Updates
Nigeria’s Real GDP grew by 2.51% YoY in Q2 2023 vs 2.31% YoY in Q1 2023
August 25, 2023/InvestmentOne Update Nigeria’s Real GDP grew by 2.51% YoY in Q2 2023 vs 2.31% YoY in Q1 2023. The Oil sector contracted by 13.43% YoY, while the Non-oil sector expanded by 3.58% YoY in real terms in Q2 2023.
Wells Fargo Settles with SEC for Charging Excessive Advisory Fees
August 25, 2023/US SEC The Securities and Exchange Commission today charged Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively, Wells Fargo) for overcharging more than 10,900 investment advisory accounts more than $26.8 million in advisory fees. Wells Fargo agreed to pay a $35 million civil […]
