September 13, 2021 - Coronation Merchant Bank

September 13, 2021
Coronation Economic Note: Manufacturing sector in focus
Today we turn our attention to the recently released national accounts for Q2 2021 from the National Bureau of Statistics. The data show that GDP grew by 5.0% y/y in Q2. Although the oil economy contracted by -12.7% y/y, the non-oil economy grew by 6.7% y/y. For the latter, this is an improvement from the …
More →
September 13, 2021
Nigerian Banks: H1 2021 Scorecard
The scorecard for the listed banks that have reported their H1 results is mixed. We believe that it is a matter of timing changes in interest rates and that Q3 is likely to be a better story than Q2 and H1. See details below. FX Last week, the exchange rate at the Investors and Exporters …
More →

Follow us on Social