August 31, 2021/OilPrice.com Chart of the Week – A growing wave of kidnappings and attacks on oil workers in Nigeria is sapping the long-term production prospects of Africa’s largest producers, S&P Platts reports. – The Assa North gas project developed by Royal Dutch Shell (NYSE:RDS.A) in the oil-rich Imo State […]
OPINION/EDITORIAL
A Significant Reduction in FX Utilisation
August 31, 2021/Proshare by FBNQuest Research We see from CBN data that total sectoral utilisation of FX declined by -65% y/y and -25% q/q to c.USD5.0bn. In addition to the reduction in aggregate fx utilisation, the pandemic’s influence can be seen in changes in the composition of sectoral forex usage. […]
Why Equities Have Been So Bad?
August 31, 2021/Coronation Research Over the past three weeks, the Nigeria Weekly Update has examined how total cumulative equity returns (returns with dividends reinvested) have outperformed equities this year and examined the best dividend-paying stocks. Yet, over a long study period (six years) the returns have been poor. The reason, […]
