FCMB's Q1 '21 PBT of NGN4.2bn was in line with our forecast. However, PAT missed by a wide margin because of a negative result of -NGN1.6bn in other comprehensive income (OCI). On its conference call, management was optimistic of an improved earnings performance in FY '21 compared with FY '20.
Insecurity and insurgency have become the watch words of most Nigerians. The problems have become so daunting that they are now being used interchangeably. The correlation between inflation and insurgency is now a raging and controversial debate.
11 Plc (pronounced: Double one) had its fair share of challenges at the heart of the 2020 global COVID-19 pandemic. The company recognized that it could not fully determine the impact of the pandemic given the continuous resurgence of the virus across the world.
The Comptroller General of the Nigeria Immigration Service, Mr. Muhammad Babandede, (CGNIS) has directed that effective from 1 April 2021, all expatriates, including nationals of the Economic Community of West African States
Inflation generally refers to a rapid increase in the general price of goods and services in the country over a certain period of time. Inflation in Nigeria has doubled since 2016 reaching 17.33% in 2021.
Nigerian Stock Market closed the month of April 2021 in the green zone as market witnessed renewed bargain hunting as against negative posture recorded in the previous month of March 2021. The NSEASI inched up by +2.02% as against -1.90% loss recorded in the month of March 2021
Last week the Central Bank of Nigeria removed the directors of First Bank of Nigeria, but reinstated its managing director, in a move that grabbed headlines. It raises the issue of corporate governance and of governance overall in Nigeria.