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IMF makes available $50 billion to help address Coronavirus The International Monetary Fund (IMF) is making available about US$ 50…
Zenith Bank emerges most valuable banking brand, again Zenith Bank Plc, Nigeria’s leading financial institution, has again emerged as the…
DANGCEM: How competition, expired pioneer tax credit affect 2019 result. Dangote Cement Plc had it tough in 2019 with excess capacity brought into the market by its major competitors.
MTNN earnings beat fails to lift share price 7-trading session straight MTN Nigeria Plc. share price has been on declining…
Money Market: Afrinvest says T-Bills rates to trend lower. Due to increase liquidity expected in the market this week, Afrinvest has said it expects rates on Treasury Bills to trend lower.
NSE plunges: N611bn knocked off value as fear of Coronavirus hits financial markets. The Nigerian Stock Exchange went down significantly last week on the fear of Coronavirus which instigates sharper sell-off. Equities market capitalisation value declined N610.6 billion to settle at N13.7 trillion.
DANGCEM says rivalry, pricing pressure affect earnings, awaits consents for share buyback. Dangote Cement Plc. (DANGCEM) has stated that pricing pressure in Nigeria, increased competition and other factors affected the company earnings in 2019.
Zenith Bank: Equity analysts upgrade estimates as lender’s earnings arouse sentiment. Zenith Bank Plc. raked in profit too steep for envious corporate titans to benchmark in 2019. Now, the die is cast; the financial service supermarket has crossed the Rubicon as the group earned N6.60 on every share outstanding in 2019.
AU Executive Council endorses Adesina for second term The Executive Council of the African Union has supported Dr. Akinwumi Adesina’s…
Equity analysts advise investors to offload Unity Bank, Unilever, Guinness stocks. Equity pickers have advised investors to adjust portfolio with recommendation to Buy UBA, Sell UBN Hold FCMB, and Reduce Sterling but Accumulate Stanbic IBTC shares.