M&A Metrics Strengthened as Access Bank Release Q1 Result
Access Bank Plc has released its first post-merger financial report for the first quarter of 2019 to the investing public.
The group’s gross earnings and profit after tax (PAT) rose by 16.4% and 86% respectively to ₦160.12 billion and ₦41.15 billion in...
As a result, the market capitalisation inched to N11.3tn as investors' wealth increased by N84.4bn. Nevertheless, activity level weakened as volume and value traded declined 32.8% and 30.7% to 216.0m units and N3.2bn respectively. The top traded stocks by volume wereACCESS (39.2m units), UBA (24.2m units) and LASACO (20.8m units) while the top traded...
First Bank of Nigeria Holdings has declared N59.7 billion profit after tax, its audited result made available to the Nigerian Stock Exchange, NSE, as shown. FBNH has N279.983 billion market capitalisation as its shares traded at N7.50. The performance which analysts have commended came strong as the holding company...
Finance experts have said that the appointment if Ebenezer Onyeagwu as Zenith bank chief as a right step for the bank. They are of the view that the incoming Chief Executive Officer/Group Managing Director has a strong profile, expertise and experience relevant to take the group to a new...
The earnings season has not been strong enough to reverse the market from bearish move as money market continues to edge out equity for significant part of the first quarter trading session. Tracking the index and volume of trades, it has been observe that the investing communities have shifted...
