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Lagos, South Africa and New York
Saturday, June 6, 2020

FCMB Group Research Q4 2019 Results Review: Maintaining Neutral Rating

By FBNQuest Research 15% increase to our 2020-21E EPS forecasts   FCMB’s management did not provide an earnings or ROAE guidance for 2020 on its Q4 2019 conference call. However, it acknowledged that near-term macroeconomic challenges arising from the COVID-19 pandemic and the sharp drop in...

Nigeria’s Economy Risk Worst Contraction Without Stimulus Package, Minister Says

Nigeria, Africa’s most populous country, may fall into recession this year if an economic stimulus plan isn’t put in place to check the effects of the coronavirus pandemic, Finance Minister Zainab Ahmed said. The country of more than 200 million people could see its economy...

Internationalizing the Crisis

JOSEPH E. STIGLITZ The public-health effects and economic impact of the COVID-19 pandemic in developing and emerging economies are only just becoming apparent, but it is already clear that the toll will be devastating. If the international community wants to avoid a wave of defaults, it must start developing a rescue plan immediately.

Nigerians must abide by WHO’s hygiene guidelines to beat Coronavirus, Medical Expert Say

edical expert, Abu Clement Okolo, has said that Africa cannot run away from Coronavirus, hence the need to embrace the guidelines given by the World Health Organisation. Clement, who spoke to Naija247news.com on the preparedness of Nigeria and Africa as a whole, said it is...

Designed To Fail: Monopoly Capitalism And The Oil And Gas Industry

by Adesina Agboluaje Over the years, the Onne/Ikpokiri, Oil and Gas Export Free Zone Authority, OOGEFZA, seem to be obsessed with acquiring powers and jurisdiction not given to her to control and monopolise operations in the Oil and Gas industry. The Authority has consistently attempted to...

UPDATED: Covid-19: Lagos govt advise residents to shun gatherings exceeding 50 persons

The Lagos State Government has reiterated its call on residents to adhere to the precautions outlined by Governor Babajide Sanwo-Olu during his address to update the public about steps taken to prevent further spread of the Coronavirus disease. A statement issued by the Commissioner for...

Coronavirus: Now you can bank from anywhere- Ecobank tells customers

Ecobank Now that the Coronavirus pandemic is on its hideous tour of the world, there is panic everywhere, including Nigeria. There are also talks about keeping social distances and that people should avoid crowded places. Thus, Ecobank has issued a statement encouraging its customers to...

Emirates Wine Tasting Event- First Ever In Nigeria

Emirates, the world’s largest international airline, uncorked its finest wines at an event in Lagos, Nigeria to highlight its First and Business Class wine selection on board. It was the first of its kind in the highly valuable Nigerian market. Emirates invested US$ 1 billion...

Sanusi’s 2023 presidential ambition exposed with Northern cabals’ political permutations

‘Race for 2023: Sanusi is being positioned to take over from Buhari’ With the eventual deposition of the emir of Kano, Sanusi Lamido Sanusi on Monday, coasts are getting clearer regarding political permutations of power brokers in the Northern Nigeria. There are insinuations that Lamido, having...

Emir Sanusi Deposed: Sultan Sa’ad, Shehu El-Kanemi’s Turn Loading By Obinna Akukwe

The criminals that destroyed the North by deposing Emir Sanusi will soon turn their attention on Sultan Saad Abubakar of Sokoto and Shehu Abubakar El-Kanemi because they want to remove any voice of reason from the North, loot down the region and disappear into...