Wednesday, October 21, 2020 PAN’s new investor plans $150m injection in retooling, upgrading plant Nesbitt Investment Limited, new owner and core investor in PAN Nigeria Limited, says it plans to inject $150 million into the automobile assembly plant over the next three years. This was disclosed Monday by Wadada Aliyu, the new chairman of PAN…
DetailsTuesday, October 20, 2020 Listed insurers see half-year profit surges on investment income Profits of the largest listed insurers on the Nigerian Stock Exchange (NSE) have surged even amid the wrought caused by the coronavirus pandemic (Covid-19), thanks to yields on investable funds that compensated for unfavourable underwriting conditions. For the first six months through…
DetailsFriday, October 16, 2020 T-bills yields shrink to 2% as investors post record N493bn unsuccessful bids More than N493 billion worth of unsuccessful transactions were recorded at the Nigerian Treasury Bills (T-Bills) auction conducted Wednesday by the Central Bank of Nigeria (CBN) on behalf of the Federal Government of Nigeria (FGN), as excess liquidity drags…
DetailsThursday, October 15, 2020 Nigerian Banks need 4%-5% growth to avoid bad-debt spike, EFG says Nigeria’s economy is poised to expand at less than half the pace needed by banks next year to avoid a spike in unpaid loans. The 2021 outlook for sub-Saharan Africa’s largest economy was cut to the growth of 1.7% by…
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