Niyi Olaoye
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People & Money
IMF withholds Recognition and Funds from Taliban Government
“Afghan per capita income has remained stuck at around $600 for more than a decade. The United States of America…
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Banking
GCR 20 Entities Accounted for 58.3% of Sterling Bank Loans in 2020
Recently, GCR Ratings in a report affirmed the Sterling Bank’s national scale long-term and short-term issuer ratings of BBB (NG)…
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People & Money
Inflation Drops to 17.38% in July; Food Prices to Double Every Five Years
“Also, the current rate of food inflation is unsustainably high. At the current rate, food prices will continue to double…
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People & Money
Olam to list ingredients business on the London Stock Exchange
“Olam, founded in Nigeria in 1989, is yet to list on the Nigeria Exchange Group (NGX)”. Olam International, one of…
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People & Money
Flour Mills Q1 Profit Jumps to N5.4 billion, CBN’s Sugar Policy to Support Profitability
Recently, the Central Bank of Nigeria (CBN) announced that importing raw sugar into Nigeria will be restricted to three companies…
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People & Money
Investor Outlook on DangCem: Increased Dividend or Sustained Buyback Programme?
In 2020, management of the Dangote Cement Plc (DangCem) proposed a share buyback programme which it expected to be concluded…
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Banking
Wema Bank to Sell N40Bn Shares, to acquire Fintech
Wema Bank Plc has recently disclosed plans to raise N40billion via a rights issue transaction, which is a sale of…
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People & Money
Nigeria’s Poor Forex Policy Puts Equities Market in Negative Stability
Market analysts at CSL Stockbrokers predict there will be no significant change in the direction of the Nigeria equities market…
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