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.
Nigeria’s Oil Supply Quota Caps at 1.41 Million Barrels Per Day. As per efforts to reflate, stabilise global prices of oil, Nigeria is expected to slash daily oil supply to 1.41 million barrels per day (MMbpd) base on quota from the Organisation for Petroleum Exporting Countries.
The shareholders of the Central Securities Clearing System (CSCS) Plc has approved total dividend of ₦4.3 billion declared by the board for 2019. The shareholders gave the approval at the company’s virtual 26th Annual General Meeting (AGM) by proxy, held at the Nigerian Stock Exchange (NSE) on Friday.
In line with analysts’ projections, the nation’s reported an increase in general (average) price level for April. The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation, increased by 12.34 percent in April 2020.
Oil supply cut will hurt Nigeria’s economy – Fitch Ratings. Fitch, an international rating, agency has stated that reduction in Nigeria’s oil supply into the market will affect growth, and impact on the nation’s external finances.
Stanbic IBTC holds AGM by proxy on June 17
Access Bank Plc, Nigeria’s largest bank by total assets is in dilemma. As the group’s operating expenses skyrocketed after its successful merger and acquisition deal, empathy and capitalism is at war in the lender’s domain.
FCMB Plc said it will restructure about half of its loan portfolio as the group sustains uptrend performance
Budget deficit swell more than twice to ₦5.3 trillion on sharp fiscal adjustment
Remittance inflow to Nigeria, other African countries to shrink in 2020– Analysts
The African Export-Import Bank (Afreximbank) has announced a $3-billion facility, named Pandemic…