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Always do your best. What you plant now, you will harvest later.
Macroeconomic Update- Inflation
A Continuous Rise in Headline Inflation The April 2020 Consumer Price Index (CPI) report released by the NBS shows that Nigeria’s inflation rate increased by 8bps to 12.34% from 12.26% recorded in March. This is the eighth consecutive month of increase since August 2019 (11.02%) and the highest level since April 2018 (12.48%). The increase... Read More →
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Q1 2020 Earnings Update- NB
Q1 2020 Earnings Update- NB Growth in Input Cost without Growth in Profit Nigerian Breweries Plc (NB) Q1’20 Results- NB recorded a Profit After TAX (PAT) of N5.51 billion, representing significant decline of 31.38% when compared with N8.03 billion recorded in Q1’19. This was majorly due to 14% increase in marketing and distribution expenses as well... Read More →
Is Another Adjustment to the Naira on the Way?
Is Another Adjustment to the Naira on the Way? Recall our 10th March, 2020 report on “Crude Oil and the Naira” where we explained the economic realities of present and how it is related to the situation in 2016. About two weeks after publishing the post, the CBN devalued the currency by 15% even though... Read More →
Q1 2020 Earnings Update- Zenith Bank Plc
Q1 2020 Earnings Update- Zenith Bank Plc Growth Accelerated to 5.5% QoQ as Bank Affirms Market Leadership Zenith Bank Plc (ZENITHBANK) Q1’20 Results– ZENITHBANK recorded a Profit After TAX (PAT) of N50.53 billion, representing marginal growth of 0.60% when compared with N50.23 billion recorded in Q1’19. This was increase in Treasury bill trading income as... Read More →