- Oil Prices Correction Extends as US-Iran Sign Interim Deal
- South African Rand Dips on Weak Macro Indicators, US Fed Tone
- Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates
- NNPC, TotalEnergies Renew Decarbonisation Agreement
- Jito Price Slumps 10% Ahead of JTX Platform Launch
- XRP Price Drops by 4.4% on U.S. Fed Hawkish Tone
- Naira Falls to N1,360 as Interbank FX Turnover Dips by 57%
- FirstHoldco, Access, Drown NGX Index, Investors Lose N758bn
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
FirstBank: Empowering Staff; Driving Productivity against the Odds
Experts Estimate 39.2% Public Debt to GDP as Fiscal Deficit Rises. Nigeria’s federal fiscal deficit will widen from 4.2% of GDP in 2019 to 5.3% in 2020 before moderating slightly to 5.1% in 2021.
21 Questions on Pension You Should Be Able to Answer. What is the Contributory Pension Scheme? Contributory Pension Scheme (CPS) is an arrangement where both the employer and the employee
FirstBank rewards its Verve Card holders with free fuel. First Bank of Nigeria Limited said that its customers using Verve Cards had begun to enjoy extra five (5) litres of fuel for every N3,000 fuel purchased using the card at specified periods.
Maize: CBN tells Authorised Dealers to Stop Processing Form M
Total Infections Hit 33,153 as NCDC Adds 595 New Cases of COVID-19. Total infections hit 33,153 as Nigeria’s health agency announced 575 new COVID-19 cases in the country.
FGN Bonds: Bearish Sentiment Resurface as Average Yield Advances. Bearish
Analysts Challenge CBN to Address FX Rates Confusion. Analysts at Chapel Hill Denham Limited have tasked the Central Bank of Nigeria to come clear and state applicable FX rates for official use across segments.
Asset Quality: Banks to Raise Impairment Charges on Credit Losses. The United Capital Plc, a leading investment banking firm headquartered in Lagos, said it expects non-performing loans (NPL) in the banking sector to increase significantly due to substantial exposures to hardest sector.
Analysts Estimate Moderate Dividend Payout for Banks Against the backdrop of development in the economy, experts have said that there will be moderation in banks dividend pay-out ratio in 2020. Despite the gloomy outlook however, Vetiva Capital Limited has also explained that the firm expects dividend pay-out to be relatively strong. Vetiva said: “While we do not expect a year on year increase in dividend pay-out, we do foresee, at least, flat dividend pay-out for 2020”. The firm explained that the banking sector has historically been a dividend paying sector, with the Tier-1 names excluding FBNH paying as high as…