- University Press Loss After Tax Narrows by 14% to N154mn
- Nigerian Naira Falls Slightly to N1368 on Light FX Liquidity
- Prices of Oil Fall as Markets Reprice Supply Risk -Weekly Update
- XRP Climbs after SBI Holdings Valued Stake in Ripple at $41.2bn
- BNB Price Dips after Binance Launches Gold, Silver Option Trading
- Bitcoin Price Falls as Strategy Plans $5bn BTC Sell to Fund Dividend
- NGX All-Share Index Declines as Investors Book Profit
- XRP Slips as New York Files Lawsuit Against Prediction Platform
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
Total Nigeria Suffered 29% Revenues Drop Due to Lockdown. In the first half of 2020, Total Nigeria Plc earnings dropped off significantly due to outbreak of coronavirus which necessitated economic lockdown.
Analysts Maintain Positive Outlook as Dangote Sugar Boosts Profit. Analysts have maintained a a positive outlook for Dangote Sugar Refinery (DSR) Plc as company leverage on advantages from border closure.
FirstBank announces 2020 Edition of Fintech Summit 4.0. First Bank of Nigeria Limited has announced that the 2020 edition of its annual Fintech Summit is scheduled to hold on Thursday, 6 August 2020 by 12.00 noon.
Equities Investors Gain ₦37.8 bn as Stock Market Opens Positive. Equities investors gain ₦37.8 billion on Monday as the Nigerian Stock Exchange (NSE) opens on a positive note. Buying interest in BUACEMENT (+2.0%), GUARANTY (+1.6%) and FLOURMILL (+10.0%) buoyed the All-Share index 29 basis points (bps) to settle at 24,766.12 points.
AIICO Insurance Gross Premium Increased By 26% to ₦31.9 Billion. AIICO Insurance Plc has reported a Gross Written Premium of ₦31.9 billion for the first half of 2020, representing a 26% increase, compared to ₦25.4 billion recorded in comparable in 2019.
Pay Attention to MTNN, Analysts Pitch 61% Upside to Investors
Dangote Cement: WSTC Remains Cautious Despite Good Earnings Show. Analysts at WSTC Securities Limited, a dealing member of the Nigerian Stock Exchange (NSE) have explained that despite the fact Dangote Cement first half 2020 resilient performance spooks optimism, it maintains cautious stance for the
SEPLAT: Oil & Gas Asset Depreciates as Low Oil Prices Hit Revenue. Seplat Plc, an independent oil and gas producer in Nigeria, had a rough ride in the first half of 2020 as Oil and Gas asset depreciate due to impacts of outbreak of coronavirus on global prices of oil assets.
Nigeria Records Total of 888 COVID-19 Deaths as Fresh Cases Rise. In Nigeria, numbers of infected people that have died climbed higher as coronavirus spreads its venom across the world.
₦5 trillion: AMP Scheme Strategic To AMCON’s Recovery – Kuru. The Asset Management Corporation of Nigeria (AMCON) Managing Director/Chief Executive Officer, Mr Ahmed Kuru attested to the efficacy of the processes of receivership and winding up procedures as amended in the 2019 AMCON Act