April 5, 2024/Coronation Research According to Nigeria’s Debt Management Office (DMO), total public debt increased by 10.7% q/q or N9.4trn to N97.3trn at end-December ’23. On a y/y basis, public debt increased by 110.5%. As at end-December’23, public debt was equivalent to 42.3% of 2023 nominal GDP. This is above […]
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SEC Obtains Final Judgment Against Volkswagen Financing Subsidiary in Connection With “Clean Diesel” Emissions Fraud
April 5, 2024/US SEC On April 3, 2024, the Securities and Exchange Commission obtained final judgment by consent against defendant Volkswagen Group of America Finance, LLC (“VWGOAF”), which the SEC had charged in 2019 with making false and misleading statements in connection with its 2014 and 2015 offerings of billions […]
Nigerian Stocks Record Third Weekly Loss -1.1%, Dragged by MTN, Tier-1 Banks
Notably, significant selling pressure was evident across tier-1 banking stocks, with FBNH (-14.2%), GTCO (-8.6%), ACCESSCORP (-7.8%), and ZENITHBANK (-4.5%) recording declines. Consequently, the All-Share index declined by 1.1% w/w. April 5, 2024/Cordros Report Global Economy According to the recently released data from Eurostat, headline inflation in the Euro area […]
