Nigeria’s Real Estate Sector: Positive Signs But Not Yet Out
According to the NBS, Nigeria’s real estate sector printed a 2.2%y/y growth in Q4-2020, the first time since Q4-2015. However, the sector tumbled -9.2%...
Zenith Bank Plc: Making A Killing On Cheap Deposits
Zenith Bank Plc released its FY-2020 results earlier, reporting a 5.2%y/y growth in Gross Earnings (GE) to N696.5bn. Also, PBT and PAT rose 5.2%...
Flour Mills of Nigeria Plc – A New Growth Phase; Deserves A Price Re-Rate
In its recently released 9M-2020/21 numbers, Flour Mills of Nigeria reported a solid 31.1% y/y growth in Revenue to N555.3bn from N423.5bn. Q3-2020/21 numbers...
Nigeria’s Agelong Power Sector Conundrum
Yesterday, the Minister of Power, Sale Mamman stated that the Federal government spends over N5 0.0bn monthly on subsidizing electricity supply across the country....
Oil Price Sustains Rally: Potentially A Double-Edged Sword For Nigeria
The crude oil market’s resurgence was sustained in yesterday’s session as Brent crude and WTI crude gapped higher to close at $61.47/bbl. and $58.68/bbl....
