Fidelity Bank Raised Profit 33% in First Half 2020. Fidelity Bank Plc has bolstered first half earnings performance despite multitude of operational and economic challenges lender faced in the first half of 2020.

Border Closure: Imports from West African Countries Drop 79%. Following the implementation of land border closure, there has been heavy adjustment in trade relations with West African Countries as data shows that both imports and exports declined in the second quarter.

PMI: Economic Recoveries in Nigeria, Others Could Disappoint in Q3. Given the latest data from the Nigeria’s central bank purchasing managers index (PMI), analysts said economic recoveries could disappoint against expectation in the third quarter of 2020.

Yields Drop as DMO Roll over 87% of Maturing Bills. Again, in the just concluded week yields on Treasury Bills declined due to surplus liquidity and the recently published fourth quarter of 2020 Nigerian Treasury Bills (NTB) auction calendar.

Nigeria’s Compliance with OPEC Rules to Widen Trade Gap –Analysts. Compliance with the Organisation of the Petroleum Exporting Countries (OPEC) would widen trade gap, analysts at Vetiva Capital Management Limited has noted.

Big Banks’ Profits Rise 4% in H1:2020 Earnings Season. With stronger than expected first half 2020 profitability records, the Nigeria’s bulge bracket balance sheet deposit money banks earnings performance defied COVID-19 to show strengths.

Income tax: FIRS inaugurates online portal for financial institutions. The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country.

Brent Crude fell to $43.63, Sets for Biggest Drop Since June…

Vision 20:2020: FG to Produce National Development Plans. As vision 20:2020 plan is set to wind up in December 31, 2020, Federal Government has said it is committed to producing national development plans for the country.

Market to Trade Cagily as Investors Await Triggers for Yields Repricing. Analysts at Chapel Hill Denham Limited have said that the fixed income market will continue to trade cautiously as investors await triggers for potential downward or upward repricing of yields.