Culled—Proshare September 3, 2020 by TheCable The Petroleum Products Marketing Company (PPMC) has increased the ex-depot price of petrol from N138.62 to N151.56 per litre. The ex-depot price is the cost at which the product is sold to marketers. The PPMC, which is a subsidiary of the Nigerian National Petroleum […]
Updates
S&P Global Ratings Affirmed Nigeria’s Long-Term Rating At ‘B-‘; Outlook Stable
Culled—-Proshare September 2, 2020 by S & P Global Ratings Overview Relatively low oil prices and COVID-19-related disruptions continue to weigh on Nigeria’s GDP growth, and fiscal and external metrics. Nevertheless, Nigeria has received over $3.4 billion in IMF funding, and more multilateral support is forthcoming. This will partially alleviate […]
Daily Market Update for September 2, 2020-Cordros
September 2, 2020/Cordros Report EQUITIES Sentiments remained positive in the domestic bourse, as investors took position in STANBIC (+2.7%), following the company’s positive H1-20 performance and interim dividend announcement. Thus, the All-Share Index advanced by 0.2% to 25,460.00 points. Accordingly, Month-to-Date gain increased to 0.5% while Year-to-Date loss moderated to […]
