Author: Julius Alagbe
Julius Alagbe has about 2 decades of experience in finance, accounting and economics. A fantastic financial analyst with experience in the media, research and consulting industry.With an education background from top global institutes like Imo State University, the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Administration/Nigerian College of Administration, and Julius has focused on anything that trends, figures, and projections can explain.Apart from his reportage skills, Julius has cut his teeth in Due Diligence, Advisory Service, Research, and Training.
MTN Nigeria Completes ₦100 billion Working Capital Raise. MTN Nigeria Communications (MTNN) Plc on Tuesday
FIDSON: Analysts Upgrade Estimates on Solid Earnings Performance. Analysts at Meristem stated that following the upward price review of its products in the fourth quarter (Q4) of 2018, FIDSON recorded low patronage throughout the 2019 financial year.
NOVA predicts NAFEX to hit ₦410 as dollar scarcity hinders repatriation. Nova Merchant Bank Limited has predicted that the Nigerian Autonomous Foreign Exchange rate could further weaken to N410 to a dollar.
Nigerian Banks Will Not Remain Resilient in Performance – FSDH. FSDH Merchant Bank has stated that it expects aftermath of COVID-19 economic slowdown to weigh on Nigerian Banks.
AIICO Insurance: Analysts Estimates 83% Surge in Stock Price. Analysts at Meristem Securities Limited have advised investors to buy AIICO Insurance Plc stock to reap more than 83% upside. AIICO current capital position of ₦19.24 billion places the insurer comfortably above the regulator’s ₦18.00 billion recapitalization threshold required of composite businesses.
MPR Cut Positive for FG Borrowing Plan, Negative for inflation. Analysts have interpreted the Central Bank of Nigeria’s Monetary Policy Committee decision to cut rate as part of big plan to reduce the nation’s borrowing cost as budget deficits widened.
60% Upside! FSDH Explains Why Investors Should Buy Airtel Stock. FSDH group has stated that Airtel Africa’s healthy fundamentals, improving debt position and sturdy growth story places it among its favoured buys.
ARDOVA Plc: Despite the fact that a weaker gross margin bites the company’s performance
Nigeria to Record its Largest Economic Decline in Q2– FSDH
Nigeria’s economy expands 1.87% despite global disruptions. The National Bureau of Statistics (NBS) says the country’s Gross Domestic Product (GDP) grew by 1.87 percent year-on-year in real terms in the first quarter of 2020.