September 14, 2021/CSL Research In recent weeks, severe pressure has been mounting on the exchange rate at the parallel market following the Central Bank of Nigeria’s (CBN) policy stance to discontinue the supply of FX to Bureau De Change Operators (BDCs). Consequently, the premium between the parallel market rate and […]
OPINION/EDITORIAL
Nigerian Banks: H1 2021 Scorecard
September 14, 2021/Coronation Research The scorecard for the listed banks that have reported their H1 results is mixed. We believe that it is a matter of timing changes in interest rates and that Q3 is likely to be a better story than Q2 and H1. FX Last week, the exchange […]
NNPC 2020 Financial Report: Impairment Backed Profitability: A Lot More Needed
September 14, 2021/United Capital Research Last week, the Nigerian National Petroleum Corporation (NNPC) released its audited financial statement for the year ended 2020. For the first time since its establishment in 1977, the corporation disclosed a profit for the year. According to the report, Revenue declined in FY-2020, down 19.8% […]
