June 2, 2020 - Coronation Merchant Bank

June 2, 2020
Nigeria GDP: Sliding into recession
On Monday we learned about Q1 2020 GDP, up by 1.87% year-on-year (Q4 2019: +2.27% y/y) with Non-oil growth at just 1.55% y/y. The Non-oil growth drivers were Agriculture and Telecoms, but both showing slightly weaker growth than before. Going forward, we expect the large Trade sector to continue with negative growth (-2.82% in Q1), …
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June 2, 2020
Coronation Merchant Bank organizes virtual forum on the impact of COVID-19 and declining Oil Prices on the Nigerian Economy
Despite the uncertainties in the economy, Coronation Merchant Bank remains optimistic that there are yet investment opportunities in Nigeria’s economy. This was disclosed by a team of analysts at the Coronation Breakfast Session, tagged “Discovering the New Normal: Impact of COVID-19 and Collapse of Oil Prices” that held recently in Lagos. The breakfast session which …
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