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
Fidelity Bank appoints Nneka Onyeali-Ikpe MD-designate Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Mrs Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective Jan. 1, 2021. The bank made the announcement on Monday in a notice on the NSE...
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
Expected credit loss amid aftermath of the coronavirus outbreak. At transition date in 2018, Deloitte Nigeria in one of its reports faulted application of the International Financial Reporting Standard 9 by the Nigerian Banks.
African Banks are small but Profitable - The Banker. African banks are small in world terms but they punch above their weight in profits, according to The Banker's latest ranking of the Top 1000 World Banks.
Oil prices climb on improve demand in United States. Oil prices rose on Wednesday after an industry report showed crude stockpiles in the United States staged a bigger drop than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world.
FMN Struggles to Find Value as Rising Costs Squeeze Earnings. Flour Mills of Nigeria (FMN) Plc, the largest food and agro-allied company listed on the Nigerian Stock Exchange could be bought for ₦80.162 billion.
FrieslandCampina WAMCO Grows Revenues, Pays ₦9.49 Dividend in 2019. FrieslandCampina WAMCO Nigeria, producers of Peak and Three Crowns Milk, has announced a turnover of ₦161.83 billion for the financial year 2019.
NASCON: Steep Rise in Finance Cost Dwarf Shareholders Returns. Equity analysts’ have set ₦13.60 price target for NASCON Allied Industries (NASCON), a member of the indigenous conglomerate, Dangote Industries Limited for 2020.