Author: Marketforces Africa

5 Investment Firms Downgrade FCMB, Express Concern over Earnings Outlook. FCMB group Plc. has been handed hold and sell recommendation by slew of analysts who have expressed uncertainties around lender’s earnings potential in the second half of 2020.

Future of Banking: How Ecobank Digital Footprints Raise Customers Experience

Conoil Still Holds Value despite Plunged Profit – Cowry Asset. Conoil Plc stock has been rated hold by Cowry Asset Management due to limited upside potential estimated below 10%.

Airtel: FSDH Cuts Price Target, Cites Short-term Headwind to Growth

Resumption of International Flight to Herald FX Sales to BDCs. Analysts at United Capital have noted that resumption of international flight is likely to herald foreign exchange sales to the Bureau De Change (BDCs).

BUACEMENT Market Cap Rises 11.14% after 7-month on NSE. BUA Cement Plc. (Ticker: BUACEMENT) remains one of the few beautiful brides of an equities investors having bucked the bearish trend in the stock market this year.

Recession on Horizon as Key Indicators Worsen, NBS to release GDP data

FBN Insurance Launches Digital Platforms for Service Delivery. FBN Insurance Limited on Friday said it had launched new digital platforms that enable its customers to pay their premiums timely with ease amidst the social distancing order.

NSE: Year to date loss moderate as investors gain ₦18.1 billion

AIICO Insurance Rated Hold as Analysts Estimate Limited Upside. AIICO Insurance Plc. (AIICO) reflated its earnings performance in the first half of 2020