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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...
Electricity Sector Held Hostage by DisCos Unpaid NBET Invoice of N123bn
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Nigerian Electricity Distribution Companies (DisCos), are holding the entire power chain (from gas producers to consumer’s), hostage as the unpaid invoice owed to the...