Tag Archives: COVID

Since the beginning of 2020, Nigerian-listed telecom stocks have outperformed the overall market, with Airtel Africa gaining 483.8 percent and MTN Nigeria gaining 110.5 percent as against 92.9 percent recorded by the NGX All-Share Index. They have also led their Sub-Saharan African peers during this period in terms of US …

A new report by the International Monetary Fund (IMF) has disclosed that Nigerian banks closed 234 branches and 649 Automated Teller Machines (ATMs) in 2020 leading to a decline in the country’s Financial Access Score (FAS) to 4.44 last year against 4.78 in 2019. The global financial body disclosed this …