MARKET UPDATE

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

  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 …

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 …

reports[2608] cowry material

  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 …

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

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

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