Updates

UNILEVER Posts -N7.4 Billion Loss in 2019 in Audited Report

March 31, 2020 By InvestAdvocate Lagos (INVESTADVOCATE)-Soap and detergent producer, Unilever Nigeria Plc on Tuesday reported a Loss after tax of -N7.4 billion for the fourth quarter period ended December 31st, 2019 compared to a profit after tax of N10.5 billion reported a year ago. The company also reported a […]

Nigeria’s Current Account Deficit Widened from -2.2% to -5.4% in Q4 2019

Culled—Proshare March 31, 2020  by FBNQuest Research Nigeria’s current-account deficit widened in Q4 from -2.2% of GDP the previous quarter to -5.4%, the worst ratio of the decade. The deterioration was the result of a rare deficit on trade, the first since Q3 2016, as well as the largest ever […]

Angola, Senegal, Cameroon, Ghana and Nigeria among the most hard hit amid Covid-19 and oil price plunge

The African Energy Chamber analyses the most vulnerable African countries amid the Covid-19 pandemic and low oil price March 31, 2020/AEC Angola revises national budget and suspends CAPEX; Senegal’s first oil development faces debt arrangement challenges; Nigeria poised for a major revenue loss; Analysts predict Ghana will get half its […]