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Devaluation Impact on Diesel and PMS Prices

June 21, 2024/CSL Research Recently, the Nigerian Bureau of Statistics (NBS) released the price watch reports for Premium Motor Spirit (Petrol) and Automotive Gas Oil (Diesel) for the month of May 2024. The Automotive Gas Oil price watch report for May 2024 showed that the average price of diesel was […]

United Capital Weekly Pan African Monitor Friday 21-June-2024

June 21, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria Nigeria’s share of global FX reserves falls to 0.26%, as global FX reserves hit $12.3 trillion Global forex reserves hit $12.3tn at the end of 2023 representing a 3.5% y/y increase from the $11.92tn recorded a year earlier. Nigeria’s forex […]

Fidelity Bank Opens ₦127Bn Combined Offer of Rights Issue, Public Offer

June 20, 2024/FSDH Research Fidelity Bank Plc (“Fidelity Bank” or the “Bank” or the “Issuer”) Issue of ₦127 billion Combined Offer of Rights Issue and Public Offer is now open and scheduled to close on Monday, 29 July 2024. Please see below the summary of the indicative terms of the […]