Tag
NIGERIAN BUSINESS NEWS
Lagos state government has listed out businesses that should remain closed even as the state enters the first phase in the gradual easing of the lockdown, on May 4
The take-off of the Africa Free Trade Zone, which has been referred to as the world’s largest free trade zone, has been delayed.
The IMF wants the CBN to end some of its harshest policies including lifting the forex ban on 41 items.
The Nigerian Stock Exchange All Share Index firmed up further by 0.62% in today’s trading session to close at 22,868.40 index points
What is good for the goose is therefore equally suitable for the gander. It is crucial that the government urgently unrolls a fiscal Marshall plan to address the economic emergency in the upstream oil sector
The report showed relative improvements across key financial indicators. As always, the summary is presented below.
Nigeria has been unable to find ways to cut oil production, as part of the OPEC+ deal signed weeks ago. This has led to the postponement of the crude oil export plan for May and June 2020 by Nigeria National Petroleum Corporation (NNPC)
The crisis in the global oil market seems to be hitting Nigeria harder since the country's economy is largely dependent on crude oil proceeds. and to make matters worse, it has become more difficult to sell the oil, even at ridiculously low rates.
We place a BUY recommendation on FBN Holdings (FBNH NL) Plc, with a 12-month target price of NGN10.30. This translates to an estimated capital gain of 136.76% from its April 24, 2020 closing price of N4.35.
Turkish Airlines has implemented a 55% and 30% pay cut for senior and junior staff in April, while some employees were dismissed
Fidelity’s UNAUDITED report for Q1 2020 showed Interest Income growth of 11% y/y to N43.9bn, on the back of higher Interest Income on loans
COVID-19 has had a major effect on the global economy, which is now stuck between uncertainty and a self-induced fall in demand