Investors’ fortune increase as stock market cap hit N15.3 trillion. Yet again, investors’ fortunes have increased on the back of an improved sentiment that has consistently resulted to shares appreciation on the floor of the Nigerian Stock Exchange (www.nse.com.ng) in January, 2020.
UBA resets for optimal performance, to beat 2019 estimates.
Pension fund jumps 120% after reform, as analysts see informal sector as threat. Retirement plan is not one of the favourite sides of an average Nigerian, but for those working in much organised companies, pension contribution has come to stay.
Investors gain N2.2 trillion as NSE outperforms globally. The equities investors’ fortunes have increased N2.2 trillion, just as the Nigerians Stock Exchange outperformed global peers.
Tariff change to ease FG’s electricity subsidies burden – Afrinvest. Afrinvest www.afrinvest.com, a leading investment banking firm in Nigeria has indicated support for power sector tariff review, say it will ease electricity subsidies burden on government’s finances.
On the back of the drive to support the real sector of the economy, analysts have projected that the Central Bank of Nigeria (CBN) www.cbn.gov.ng will again raise loan to deposit ratio to 70 per cent in 2020.
Yusuf Binji leads BUA Cement to emerge as third largest on NSE. This listing makes the cement company to emerge as third largest on the local bourse, thus pushed market capitalisation to N15.16 trillion.
Fitch downgrade SSA Banks outlook, cites rising regulatory risk in Nigeria
Analysts, Fitch say Move to Basel III Positive for Banking System Stability. Analysts, Fitch rating have said that move to the third Basel Accord will be positive for banking system stability.
Nigeria’s GDP negatively expose to AfCFTA – NESG. As against widespread optimism that flooded the public discourse, the Nigerian Economic Summit Group www.nesgroup.org, a non-partisan private sector organisation stated in a report that the implementation of African Continental Free Trade Area (AfCFTA) would negatively expose Nigeria’s gross domestic product.