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NIGERIAN BUSINESS NEWS
The management of Arik Air issued a mail to all workers that it has implemented 80% salary cut for its personnel for the month of April.
As the country’s external reserve faces more pressure, foreign investors have been held down in Nigeria’s debt market.
Guaranty's Q1 2020 unaudited numbers showed a 3.4% y/y growth in Interest Income, Interest Expense, on the other hand, declined significantly.
UBA's unaudited Q1 financial report, which was released yesterday, showed relatively positive improvements across key financial indicators.
COVID-19 has had a significant impact on the global economy,with surging infections, cities in lockdown, businesses shutting down and staff layoffs
Naira depreciated against both the US dollars and the British pounds at the parallel market
The Nigerian stock market closed the day in the negative as the market capitalization dropped by -1.36%, to close at 22,470.79
Access Bank Plc recorded a profit after tax of N40.9 billion in the first quarter period ended March 31st, 2020, according to the company's latest earnings report which was released earlier this afternoon.
NNPC has stated that vandalism of its pipelines across the country rose by a phenomenal spike of 50% in January 2020.
Stanbic’s Profit before tax increased 3% y/y to N90.9bn, slightly ahead of our FY 2019 estimate of N90.4bn.
The crash in oil prices would be felt by countries and oil companies that heavily rely on oil for the lion share of their income.
Nigerian Breweries Plc has released its latest earnings report for the first quarter period ended March 31st, 2020.