Investors gain N2.2 trillion as NSE outperforms globally. The equities investors’ fortunes have increased N2.2 trillion, just as the Nigerians Stock Exchange outperformed global peers.
Price war looms as cement manufacturers scramble for market share
There was sustained sell-offs in the equities segment of the local bourse yesterday
21 Questions on Pension You Should Be Able to Answer. What is the Contributory Pension Scheme? Contributory Pension Scheme (CPS) is an arrangement where both the employer and the employee
IMF approves debt relief for 25 poorest, vulnerable countries.
NSE equities market cap drops N39.1bn as sell-pressures hit banking stocks. Activities in the Nigerian Stock Exchange (www.nse.com.ng) resulted to decline in index on Monday as bear visits the local bourse after bullish run in the past weeks.
FCMB says group will diversify earnings from retail, raise Tier-2 Capital. After disappointing earnings in the third quarter of 2019, FCMB Group www.fcmbgroup.com said it plans to diversify earnings concentration from banking, sets strategic course for 2020 with Tier-2 capital raise which is expected to be closed in January.
Yields Drop as DMO Roll over 87% of Maturing Bills. Again, in the just concluded week yields on Treasury Bills declined due to surplus liquidity and the recently published fourth quarter of 2020 Nigerian Treasury Bills (NTB) auction calendar.
The table is turning at the Nigerian Stock Exchange for some Banking stocks, as market is pricing new available information. Access Bank is still sustaining its positive momentum, while others banks in Tier-I reduce their year to date losses with November gains.
Important decision turns bad for Unilever as sales drop amid rising cost. Unilever Nigeria Plc (www.unilevernigeria.com) 2019 earnings scorecard disappoints analysts, shareholders and market have not got rid of it poor performance. The company made loss in its 2019 results upon taking key decision about its operations and actors in its distribution channels.