SEPLAT: Oil & Gas Asset Depreciates as Low Oil Prices Hit Revenue. Seplat Plc, an independent oil and gas producer in Nigeria, had a rough ride in the first half of 2020 as Oil and Gas asset depreciate due to impacts of outbreak of coronavirus on global prices of oil assets.
Nigeria Records Total of 888 COVID-19 Deaths as Fresh Cases Rise. In Nigeria, numbers of infected people that have died climbed higher as coronavirus spreads its venom across the world.
Lafarge WAPCO: Investment Firm Sets 12-month Price Target at ₦26. Chapel Hill Denham, a strongly rated investment firm, has handed a rather bullish recommendation on Lafarge WAPCO stocks as it advice investors to buy.
Market Cap Declines ₦69.6 Billion on Renewed Bearish Activity. Stock market capitalisation declines ₦69.6 billion on account of sell-offs in some highly capitalised stocks, thus dragged the stock market performance on Tuesday.
Okomu Oil: Domestic Sales drive solid earnings growth in Q2 Okomu Oil Palm Company Plc. has announced a 30.0% year on year growth in earnings to ₦2.0 billion in its Q2'20 unaudited results. Analysts said the company's strong start to the year may have been aided by the impact of sustained...
DiamondXtra season 12: Access Bank splashes N87.74m on 1,000 customers Access Bank Plc on Wednesday splashed N87.74 million on over 1,000 customers who emerged winners at the second quarterly draw of DiamondXtra Season 12 reward scheme. Mr Rob Giles, the bank’s Head, Retail Product Insight and Capabilities, said the winners emerged...
Nigerian Banks Prudential Ratios to Be Severely Impacted in 2020 With the rampaging coronavirus and associated impacts on the economy, analysts have stated that banks prudential ratios are expected to be impacted. According to Cardinalstone in a report, it explained that COVID-19 pandemic holds several ramifications for banks in 2020. Following strong...
Resumption of FX Sales Could Renew Foreign Sell-Offs in Equity Market
Investors Overbid for DMO’s First Bond Auction in Q3. The Debt Management Office (DMO) first quarter bond auction in the third quarter was oversubscribed 3.6 times by investors. As expected, Chapel Hill Denham said the first bond auction drew substantial bids from investors as subscription level re
Covid-19: Samsung and MTN Donates Smart Phones and Data to FG