FCMB Group to Acquire 96 Percent of AIICO Pensions. FCMB Group and AIICO Insurance have notified the Nigerian Stock Exchange (NSE) and the investing public of discussions for sale of 96% stake of AIICO Pensions Managers to FCMB Pensions
Brent Crude Future Price Rises to $41.27 on Demand Recovery. Oil prices rose in early trade on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide.
“Growth to Remain Stagnant if Nigeria Continues to Prioritise FX Stability”. Patrick Curran, a Senior Economist at Tellimer, an emerging market focus investment firm has said Nigeria is muddling through the new normal.
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.
COVID-19: Nigeria may go into severe recession – World Bank. The World Bank says collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s.
IFC Grants FCMB US$50 million Loan to Support SMEs. International Finance Corporation, IFC, a member of the World Bank Group, today announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB) Limited.
Investors’ Fortunes Drops ₦15.6bn as Profit-Taking Persists. Sell-offs continue today on the floor of the Nigerian Stock Exchange as investors’ fortunes declined by ₦15.6 billion.
Google Agrees to Pay Some Publishers for Content. Alphabet’s Google on Thursday took a step toward resolving its spat with publishers for content it uses. Now, the internet giant has indicate its readiness to make payment to some media groups in Australia, Brazil
Single Currency: ECOWAS Heads of State to meet for Discussion. Heads of State of the Economic Community of West African States (ECOWAS) are set to meet to discuss issues bordering on the adoption of the single currency – the Eco – for the sub-region.
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.