25.8 C
Lagos, South Africa and New York
Saturday, October 24, 2020
Home Research & Analysis

Research & Analysis

Ardova Plc Presents H1:2020 Financials at NSE Facts Behind the Figures

By Tenebe Anthonia Ardova Plc has joined the league of companies that have leveraged The Nigerian Stock Exchange’s (NSE or The Exchange) Facts Behind the Figured (FBF) platform to engage with capital market stakeholders. The virtual FBF which held on Thursday, 15 October 2020 saw...

Q3’20 Earnings Preview: Total Nigeria – Deleveraging efforts shield earnings

Following the consistent easing of social distancing measures in Q3, we see Q3 fuel revenue rebounding to #t54.7 billion (Q2’20: ét26.6 billion), although 5% lower y/y. Our expectation for Total Nigeria’s Q3 fuel revenue is also driven by the jump in PMS prices after...

Q3’20 Earnings Preview: Seplat – Oil price recoveries to cushion Q3 turnover

Seplat’s Q2 performance was largely dragged by the steep drop in oil prices, despite the surge in crude output. In Q3, we see crude output slowing 8% q/q to 2.6 mbbls, as the company was advised to cut output by 20%-30% across its assets in July and August, in a bid to comply with OPEC+ cuts.

Naira Strengthens as CBN Continues Forex Sales

The average money market rate rose by 3.15% to settle at 4.44% from 1.29% in the previous week. The Open Buy Back (OBB) rate closed at 4.00% compared to 1.00% the previous week while Overnight rate (OVN) closed at 4.88% compared to 1.58% in...

Nigeria’s Monthly Inflation to Remain Stubbornly High in Q4’20

Our monthly market survey shows that there was a further build-up in inflationary pressures in September in both the food and non-food basket. This points to an increase in headline inflation towards a range of 13.56%-13.63% in September and further reaffirms analyst consensus that...

Q4’20 FX Outlook: Stability in Diversity

SSA Currencies: Stability indiversity Risk-off sentiments, triggered by COVID-19, pummelled several emerging and frontier currencies in the first half of the year. Petro-currencies, such as the Nigerian Naira and the Angola Kwanza, had to endure even more pain as both currencies have weakened by 6.2%...

LCCI reviews state of economy, advises policy makers

By Rukayat Moisemhe Lagos, Oct. 6, 2020 The Lagos Chamber of Commerce and Industry (LCCI) has advised policy makers on the formulation and implementation of policies to facilitate sustainability as business operators grapple with the devastating impact of the COVID-19 pandemic. Mrs Toki Mabogunje, President, LCCI....

Shopping Smart In The Face of a Looming Recession

By OpEd by Olukayode Kolawole   Covid-19 pandemic has left the world in dire straits by causing a recession from which global economies will have to wait till 2022 for recovery. The World Bank 2020 Global Economic Prospect, June 2020, forecast that the pandemic will plunge...

Flour Mills of Nigeria Plc – On Course for a Solid Year?

By CardinalStone Research While a few others are reeling... In our view, Flour Mills of Nigeria Plc (FMN) looks set to record strong traction in operating performance in the current financial year. The company has already surprised market watchers with a 4.3ppts YoY increase in gross...

Rights Of A Tenant And Landlord In Nigeria

The real estate industry in Nigeria involves millions of people but is hardly regulated by any official documents. Plus, many landlords and tenants prefer to enter verbal agreements without signing any legal paperwork. However, both the tenant and the landlord are still entitled to...
WP to LinkedIn Auto Publish Powered By : XYZScripts.com
Open chat
Discuss your story with us