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November 2021

Currency Devaluation Vs Depreciation: The Big Difference

Devaluation and depreciation are two different economic and financial terms that are wrongly used interchangeably. A clear-cut understanding of the difference between both terms would provide a better guide on their usage. Devaluation occurs when a country makes a conscious...
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9M’21 EARNINGS UPDATE: United Bank for Africa (UBA)

Interest segment sustains resilience. The remarkable performance in UBA’s topline was sustained in the 9M’21 reporting period, as the bank was able to simultaneously increase the Interest income in addition to the Gross Earnings while moderating the interest expense. Interest...
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Local Economic Updates Last week, the Petroleum Products Marketing Company (PPMC) estimated that the annual subsidy on Premium Motor Spirit (PMS) could soar as high as N2.9 trillion by the end of the year thus making it increasingly obvious that the...
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