March 11, 2021/Proshare By CSL Research Yesterday, the Nigerian Stock Exchange (NSE) completed its long-awaited demutualization after getting the approval of the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC). The demutualization exercise is expected to produce a new non-operating holding company with three operating subsidiaries. The subsidiaries […]

March 11, 2021/United Capital Research According to OPEC’s recently released Monthly Oil Market Report (MOMR) for Feb-2021, global oil demand is estimated to have declined by 9.7% y/y (or by 9.7mb/d) to 90.3mb/d in FY-2020 from 99.9mb/d in FY-2019. On the positive, oil demand continued to recover from the Q2-2020 […]

March 11, 2021/Proshare By FBNQuest Research Power shortages remain a prominent infrastructure gap in Nigeria. The availability of power is a catalyst to boosting levels of industrial activity for economic development. The FGN estimates national energy demand at c.22,000 megawatts (MW). For businesses located in Nigeria, self-generation places pressure on […]