FX: Oil Market Balance Raises Hope for Naira Stability – Afrinvest. Naira position in the foreign exchange market has drastically dropped, but Afrinvest has stated that there is hope for the local currency as oil market balances.
NCDC Confirms 604 new COVID-19 cases, Records 20 Deaths. Nigeria Centre for Disease and Control (NCDC), has confirmed 604 new cases of the coronavirus pandemic, with total number of infections rising to 38,344 in the country.
Stanbic IBTC: Stronger Prudential Ratios Attract Analysts Buy Rating. Ahead of its second quarter of financial year 2020 earnings release, analysts have rated Stanbic IBTC Holdings Plc a Buy on account of stronger prudential ratio.
Revenue from Oil Could Only Finance 8.78% of Nigeria’s Budget 2020
Analysts Express Concern over GTB High Foreign Currency Exposure. Guaranty Trust Bank (GTB) Plc high foreign currency loans exposure is now a downside risk to the lender’s earnings expectation in 2020, and analysts have expressed concerns.
DiamondXtra season 12: Access Bank splashes N87.74m on 1,000 customers Access Bank Plc on Wednesday splashed N87.74 million on over…
With the rampaging coronavirus and associated impacts on the economy, analysts have stated
CBN’s LDR, CRR Debits Diametrically Opposed Policies – Analysts Cardinalstone, a leading multi-assets investment firm, has explained that the Central Bank of Nigeria’s discretionary cash reserve ratio debits is diametrically opposed policies.
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