IMF list unpopular policies CBN must reverse
The IMF wants the CBN to end some of its harshest policies including lifting the forex ban on 41 items.
Tag: Nigerian Business News
Bulls hit a hat-trick at the Nigerian Stock Market, investors gain N73.24 billion
The Nigerian Stock Exchange All Share Index firmed up further by 0.62% in today’s trading session to close at 22,868.40 ...
The dangling fate of indigenous oil upstream operators
What is good for the goose is therefore equally suitable for the gander. It is crucial that the government urgently ...
Union Bank releases Q1 2020 result, records 14% profit increase
The report showed relative improvements across key financial indicators. As always, the summary is presented below.
Exxon Mobil, Shell, Chevron, others might be forced to reduce oil production in Nigeria
Nigeria has been unable to find ways to cut oil production, as part of the OPEC+ deal signed weeks ago. ...
Oil traders unwilling to buy Nigerian crude despite discounted at $10 per barrel
The crisis in the global oil market seems to be hitting Nigeria harder since the country's economy is largely dependent ...
Earnings commentary on FBN Holding Plc’s unaudited Q1 2020 financial statement
We place a BUY recommendation on FBN Holdings (FBNH NL) Plc, with a 12-month target price of NGN10.30. This translates ...
Turkish Airlines tells staff to expect 55% pay cut in April
Turkish Airlines has implemented a 55% and 30% pay cut for senior and junior staff in April, while some employees ...
Fidelity Bank: Regulatory-induced fee cut, surge in OPEX halt profit growth
Fidelity’s UNAUDITED report for Q1 2020 showed Interest Income growth of 11% y/y to N43.9bn, on the back of higher ...
The CBN data that can reveal whether we are already in a recession
COVID-19 has had a major effect on the global economy, which is now stuck between uncertainty and a self-induced fall ...
