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MTNN, Glo, Airtel, 9mobile to Undergo Minimum Financial Stress Tests – NCC
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The Nigerian Communications Commission (NCC) is set to roll out minimum financial health requirements for all licensed telecommunications operators as part of its move...
Nestle Favored as Consumer Spending Squeezed by Covid-19
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Nestle is positioned to be a winner among Nigerian consumer goods firms being squeezed by the Covid-19 pandemic and a collapse in consumer spending.
A...
How to Get up to N25m loan from NIRSAL MFB
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The Central Bank of Nigeria (CBN) recently introduced a stimulus package through the NIRSAL MFB to support households and Micro, Small and Medium Enterprises...
Notore, Seplat Lead Opaque N500bn Related Party Transactions on NSE
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In July of 2019, shareholders of Lafarge Africa listed on the Nigerian Stock Exchange (NSE), called for an investigation of related-party transactions between Lafarge...
Disposal of Significant Investment Compounds Guinea Insurance Woes as Losses Pile
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A loss on disposal of significant investment has tipped Guinea insurance Plc into a negative territory, compounding the woes of an insurer reeling from...
Coronavirus Can’t Stop Zenith, First, Access Bank Directors from Pocketing N14.89bn Dividends
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The directors of some of Nigeria’s largest banks including Zenith, First and Access Bank will take home a combined N14.64 billion in final dividends...
NASD Profit Down 50% as Transactions Slump
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The NASD OTC Securities Exchange saw a 50 percent slide in pretax profit for the 2019 financial year as costs rose faster than revenues.
Profit...
Banks Aggregate Loans-To-Deposit Ratio Rose to 61.2% in April
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Deposit Money Banks in Nigeria grew the ratio of their loans as a proportion of deposits to 61.2 percent in the Month of April,...
Economy at Risk of Prolonged Slowdown as FX Liquidity Slumps 80%
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An oil price rout amid a coronavirus-induced global market selloff has caused liquidity to disappear from Nigeria’s Foreign Exchange (FX) market, leaving its $400...
Nigeria Posts Current-Account Deficit of $4.8bn for Q1
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Nigeria’s Current-Account remained in deficit in the First Quarter (Q1) of 2020 as exports again dropped faster than imports amid a global economic slowdown...