Business News

Investment Flows in Need of a Boost

Culled—Proshare August 16, 2017/FBNQuest Research In today’s chart we highlight the investment flows on the balance of payments. These are gross flows (ie those in the reporting economy before investment by Nigerian residents offshore). Most striking is the strength of portfolio flows in H1 2013, when Nigeria was still basking […]

Seplat Petroleum Development Company – Earnings Recovery Looking More Secure

Culled—Proshare August 16, 2017/Vetiva Research ·         Q2 delivers $8.6 million operating profit as Forcados resumes ·         Production back to pre-Force Majeure 56,000 boed (working interest) ·         Warri crude evacuation capacity expansion, doubles to 30,000bpd ·          FY’17 hydrocarbon recovery on track, forecast at 38.1k boed (FY’16:25.9k) ·          Target Price per share […]

FirstBank Drives Youth Empowerment with Zuriel Oduwole, Girl Education Advocate and World’s Youngest Filmmaker

August 16, 2017/FirstBank First Bank of Nigeria Limited, the most valuable bank brand in Nigeria as part of its commitment towards youth empowerment has partnered with the Zuriel Oduwole DUSUSU (Dream up, Speak up, Stand up) Foundation to implement a mentoring session where Zuriel inspired over 200 students to stay […]