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BUSINESS NEWS
Business and Economic News from Nigeria
Akinwumi Adesina has denied allegations made against him by a group of whistleblowers describing them as frivolous and not based on solid facts.
The NSE periodically publishes “notification of share dealing by insider”. By typing that into the search window on the NSE website, you arrive at a list of such events. There have been about 74 insider share dealing notifications on the Exchange’s website since January 1, 2020.
"The Bureau of the board of governors informs the public that it has not taken any decision. Everyone must allow the Bureau to do its work and allow due process to reign."
Electroneum will be launching an in-app electricity top-up feature across four African countries to support digital payment projects for electricity
In its recently released 9M 2020 results, Guinness reported a 5.3% y/y decline in Revenue to N96.0bn from N101.4bn in 9M 2019. On q/q basis, revenue declined 33.2% to N27.7bn in Q3 2020 (Jan – Mar 2020) from N41.4bn in Q2 2020.
Pension fund managers redeemed treasury bills worth N512 million Naira in the two months combined but did not invest any additional kobo into treasury bills within the same period.
Total Nigeria’s Q1’20 results are a testament that some might have it worse than others as it recorded a revenue drop of 9.3% to N70.2 billion
Naira appreciated to N453 to a dollar on Thursday, May 28, 2020, which represents a N2 gain when compared to the N455 to a dollar that it exchanged at the end of Wednesday trading.
Structuring project financing through the capital markets to ensure that the transactions are bankable, and the costs reflect reality.
The COVID-19 pandemic has revealed that while open markets are a key component of a sustainable food system, they aren’t built for a crisis like this one
However, halting dividend payments may not go down well for many retail and institutional investors, who rely on bank dividends for regular income.
Renaissance Capital Analyst, Soji Solanke, holds that some of the most compelling stock picks lie in the banking sector.