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 […]
OPINION/EDITORIAL
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% […]
FEC Approves Plan to Roll out 5G Network
September 13, 2021/CSL Research Following the recently held Federal Executive Council (FEC) meeting last week, the Federal Government announced the approval of the Fifth Generation Network (5G) deployment in the country. To kick-start the 5G network roll-out, the Minister of Communications and Digital Economy, Isa Ali Ibrahim, directed the Nigerian […]
