Fidelity Bank: Analysts lower lender’s estimate on assets quality concern. Fidelity Bank is facing steep cost pressure that is diluting lender’s margin, though analysts recognised that growth in earnings asset drove top line performance in the first quarter of 2020.

BUA Cement bolsters revenue amidst tough operating environment. BUA Cement, Nigeria’s second largest cement company, has recorded a 47.5% increase in revenues from ₦119.01 billion to ₦175.52 billion, its audited financial statement for 2019 has shown.

NSE remains upbeat as investors fortune grows by ₦130 billion. Investors remain largely positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation up by ₦130 billion.

The National Bureau of Statistics (NBS), says the country imported 20.89 billion litres of Premium Motor Spirit (PMS) also known as petrol in 2019. The NBS made this known in its latest report on petroleum products importations statistics for 2019 released on Wednesday.

Oil supply cut will hurt Nigeria’s economy – Fitch Ratings. Fitch, an international rating, agency has stated that reduction in Nigeria’s oil supply into the market will affect growth, and impact on the nation’s external finances.

A bond is a fixed income debt instrument issued by the government (federal or state government) or corporate institutions with a definite date of maturity.

Lafarge Africa has said that it will freeze capital expenditure this year. Chief Executive Khaled El Dokani made this known on Tuesday after the cement company forecast a drop in second-quarter sales.

Lagos Public Procurement Agency issues guidelines to ensure ease of doing business. The Lagos State Public Procurement Agency (PPA) has issued new guidelines for registration, renewal and upgrade of registration of contractors, suppliers and consultants with the agency.

Emefiele woos conglomerates to help boost economy Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has urged industrial…

FGN Bond Auction: We expect investors’ patronage to be positive – Meristem Ahead of the Federal Government Bond auction on…