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MTN Nigeria profit spikes 39%, set plan to invest N600bn on network. MTN Nigeria Plc., a leading providers of communications services has bolstered earnings with more than 38.9% increase in profit for the financial year 2019.
Year to date return turns red as stock market extends losing streak Investors’ fortunes decline as the Nigerian Stock Exchange…
Experts say GDP growth uninspiring, seek market-friendly policies. The Nigerian economy size expanded some 17 basis points above the 2.10% growth rate estimated by the International Monetary Fund (IMF) to settle at 2.27%, but experts refuse to celebrate, say the growth is uninspiring.
Sell-Offs In Banking Stocks, Others Drag Nigeria’s Bourse Lower. Investors’ fortune decline significantly as the Nigerian Stock Exchange on Monday recorded that thirty three companies stock value nosedived.
Fidelity Bank Plc says it has doled out N68 million to its customers to support the Federal Government financial inclusion under Get Alert in Millions (GAIM) promo season 4.
SEC generates N194.48million from penalties The Securities and Exchange Commission, SEC, has said it generated N194.48 million from penalties in…
FBN takes SMEs Business Clinic to Port-Harcourt, Abuja. First Bank of Nigeria Limited (FBN) says it will be in Port-Harcourt and Abuja on 25th and 27th of February, 2020 for its SMEs clinic.
CRR hike Fuels Bearish Sentiments as Average Yield Inches to 3.7%. Afrinvest, a leading investment banking firm, stated that the recent hike in cash reserve ratio fueled bearish sentiment experienced in the secondary market as average yield spikes to 3.7%.
Jaiz Bank blockbuster earnings performance lifts stock price by 9.1%. Jaiz Bank Plc has reported an impressive earnings performance this season, as non-interest lender significantly grew profit for the year by 114%.
Banks may shake on MPC’s CRR move –Cardinalstone. The increase in cash reserve ratio by 500 basis points may wobble deposit money banks, analysts at Cardinalstone partners have said.