MARKET UPDATE

ECONOMY: Inflation Kickstarts 2024 with Pangs; Routes to 29.90% at 28-Year High….

This week, the National Bureau of Statistics (NBS) published the latest monthly consumer price inflation data which indicates that the headline inflation rate increased for the thirteenth consecutive months to 29.90% in January 2024, reflecting an increase of 0.98% points …

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Nigeria’s Economy Expands by 2.54% y/y Against All Odds….

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

The latest GDP report from Nigeria’s National Bureau of Statistics reveals encouraging trends in the country’s economic performance. The real GDP recorded a positive growth rate of 2.54% year-on-year in the third quarter of 2023, surpassing both the corresponding period …

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ECONOMY: Nigeria’s 2024 Budget: Striking a Balance Between

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

Ambitious Growth Initiatives and Fiscal Caution… On November 29, 2023, President Bola Tinubu of Nigeria unveiled the FY-2024 national budget, totaling N27.50 trillion, reflecting a 10.8% increase from the previous year. Aptly themed ‘Budget of Renewed Hope,’ the focus is …

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Global Economy: Global Manufacturing Maintains Sluggish Growth Pattern, Signaling Economic Challenges… 

In October, global manufacturing output faced its fifth consecutive monthly decline, driven by a notable drop in intermediate and investment goods production, although there was some growth in consumer goods. Simultaneously, the service sector experienced its fifth consecutive month of …

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ECONOMY: Nigerian Pension Fund AUM Soars to N17.35 Trillion, Driven by Diversification……

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

The latest data sourced from the Nigerian Pension Commission (PenCom) website reveals that the assets under management (AUM) in the Nigerian pension fund industry reached N17.35 trillion by the end of September 2023. This figure represents a 0.33% increase compared …

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ECONOMY: Nigeria’s Economic Recovery Escapes Grasp Amidst Mounting Risks for SSA’s Lost Decade….

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

Cowry Research opines that Nigeria should urgently diversify its economy by incentivizing private sector investments in agriculture, manufacturing, and technology to help mitigate the country’s heavy reliance on oil, which has proven vulnerable to global price fluctuations. Also, fiscal reforms …

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ECONOMY: Local Investors Flex Investment Muscles Amidst 63% m/m Downturn in Trading Activities on NGX… 

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

Negative sentiment in the local bourse has arisen due to economic uncertainties, including currency fluctuations and inflation, while government policies have introduced an element of unpredictability. Despite these challenges, foreign investors appear to be reevaluating the Nigerian market’s potential, emphasizing …

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ECONOMY: Unabating Uptrend in Headline Inflation Reading to 25.80% in August…. 

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

The high inflation rate is posing significant challenges to Nigerians, particularly the vulnerable and the poor, making it increasingly difficult for people to afford basic necessities such as food, housing, and healthcare. Cowry Research maintains the view that inflationary pressures …

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ECONOMY: Nigeria’s Escalating Debt Levels Hit N87.4trn 

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

as FG’s Heavy Borrowings Stagger Increasingly…. A look into the current debt report published by the Debt Management Office (DMO) and the National Bureau of Statistics, Nigeria’s total public debt, as of the second quarter of 2023, has surged to …

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ECONOMY: Inflation Pangs Nigeria’s Economy with a Slow Rise to 21.47% in November on Rising Costs…

  On Thursday, the National Bureau of Statistics (NBS) published its monthly inflation report, which showed that Nigeria’s annual inflation rose for the tenth consecutive month to 21.47% year on year in November from 21.09% in the previous month on …

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ECONOMY: Restricted Investible Options Still Drags Pension Industry Amid AuM Growth to N14.59 Trillion

The latest data obtained from the National Pension Commission, the total Pension Industry assets undermanagement have risen further by 8.72 per cent to N14.59 trillion as of October2022 from N14.42 trillion in the prior month (September 2022) and N13.42trillion at …

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ECONOMY: Headline Inflation to Nearly 2-Decades High at 20.52%, stoked by Currency Pressures, Supply Disruptions

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

reports[2608] cowry material

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FG urges Civil Servant To Imbibe Productivity Culture

Inland waterways critical to Nigeria’s prosperity – FG

  The Federal Government has enjoined Civil Servants to embrace the Federal Civil Service Strategy and Implementation Plan (FCSSIP2021 – 2025) for improved productivity and service delivery. Minister of Transportation, Engr. Mu’azu Jaji Sambo, stated this in Abuja last week …

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ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

Freshly released report by the National Pension Commission (PenCom) revealed that all the PFA’s has fully complied with the capitalisation requirement and the commission in its report wish to inform all stakeholders and the general public that as at 27 …

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ECONOMY: Capital Importation Plunges by 30.61% to USD6.7 Bn in 2021 amid Worsening Insecurity…

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

CWR, Cowry Weekly Financial Market Review Outlook Friday, April 1, 2022

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ECONOMY: Inflation Rate Rises 10bps to 15.70% on Cost Pressures; MPC Decides Benchmark Rate…

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

CWR, Cowry Weekly Financial Market Review Outlook Friday, March 18, 2022

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ECONOMY: Participation by Foreign Portfolio Investors in Local Bourse Dwindles Further in January…

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

CWR, Cowry Weekly Financial Market Review Outlook Friday, March 04, 2022

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ECONOMY: Aggregate Money Supply Rises in January amid Growing Demand, Time Deposits…

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

CWR, Cowry Weekly Financial Market Review Outlook Friday, February 25, 2022

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ECONOMY: NGX All-Share Index Closes in Green Despite Declining FPIs’ Transactions in 2021…

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

CWR, Cowry Weekly Financial Market Review Outlook Friday, February 4, 2022

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ECONOMY: Nigeria’s Trade Deficit Rises by 61.62% to N3.02 trillion as Imports Ballooned in Q3 2021…

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

CWR, Cowry Weekly Financial Market Review Outlook Friday, December 10, 2021

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