Author: Marketforces Africa

Guinness: Poor demand, cost pressure douse positive vibes as investors dump stock . Guinness Nigeria Plc is growth starved but there are positive vibes in its first half of financial year 2020 result

EFG Hermes bearish on Guinness NG, bullish on GTB, says Nestle best non-bank name. Apparently unimpressed by its performance, EFG Hermes revealed it has added Guinness Nigeria into sell lists for 2020.

M&A: Investment firm places Unity, Heritage, Keystone Bank on watch list

Unease as external reserves fall to $37.66bn, edge toward resistance level. The latest figure on the Central Bank of Nigeria website

Cadbury delivers solid performance after restructuring as EPS hits 5-Year high. Cadbury Nigeria Plc delivered strong performance after the company’s restructuring exercise, though earnings remain behind pre-2014 average performance.

Pension Assets jumps 16.86% to N10.218 trillion in 2019. Pension assets pitched at N10.218 trillion, representing about 17% increase against N8.744 trillion at the beginning of the year, Pension Commission report shows.

Naira stands as robust liquidity keeps money market rates single. Despite the sloppy external reserve movement, Naira remains stable at the foreign exchange market in the past week.

Motion Pillow and other Most Innovative Products of 2020

NSE, Meristem pitch ETFs as a smart investing tool. The Nigerian Stock Exchange partners Meristem Wealth Management limited on ‘Smart Investing Tools Workshop’ to pitch benefits of Exchange Traded Funds (ETFs) as an investing tools.

US immigration restraints on Nigerians to raise FX risk, limit remittances