September 3, 2020/IMFBlog By Gerd Schwartz, Manal Fouad, Torben Hansen, and Geneviève Verdier COVID-19 has had a profound impact on people, firms, and economies all over the world. While countries have ramped up public lifelines to individuals and firms they will face enormous challenges to recover from the pandemic, amidst […]
OPINION/EDITORIAL
Guaranty Trust Bank PLC H1-20: Cost Surges Pressures Performance
September 3, 2020/Cordros Report GUARANTY released its H1-20 earnings yesterday evening. The result showed that the bank recorded a relative decline in earnings as a deterioration of its still industry-best efficiency led to a moderate decline in profitability. Also, the bank proposed an interim dividend of NGN0.30/s, which translates to […]
Merchandise Trade: Deficit Widens to Largest on Record in Q2-20
September 3, 2020/Cordros Report Nigeria’s trade position worsened at the half-year as the merchandise trade deficit widened from NGN421.26 billion in Q1-20 to NGN1.80 trillion in Q2-20. This marks the third successive quarterly deficit, and the largest since at least 2008, as exports plummeted to a four-year low following the […]
