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.

FBN’S CEO joins global industry leaders at annual FinTech, InsureTech summit  More than 700 global leading finance practitioners joined the…

MTNN earnings beat fails to lift share price 7-trading session straight MTN Nigeria Plc. share price has been on declining…

IFC, CMB Close $40m Guarantee Facility to Boost Trade Finance in Nigeria International Finance Corporation , a member of the…

IFC partners Union Bank to Support Nigerian SMEs, Women-led Businesses. International Finance Corporation (IFC), a member of the World Bank Group, today announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to small and medium enterprises (SMEs) in Nigeria.

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.

FX: Naira Remains Stable Despite Sloppy Reserves, Coronavirus Outbreak. In the foreign exchange market, Naira remained strong at direct pair with foreign currencies last week.

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.

UBA posts N89.1 billion profit in 2019. United Bank for Africa (UBA) Plc has posted a profit after tax of N89.1 billion for the financial year ended Dec. 31, 2019.