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.
NSE Introduces Growth Board For SMEs To Raise Capital, Trade Shares. The Nigerian Stock Exchange today launched its Growth Board as part of its initiatives to deepen the market and increase trading activities.
Equities market indices retreat as investors’ dump pricey stocks. There was a pullback in the market after trading session today. Investors dumped weighty and highly price stock dragged stock market indices
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.
Union Bank sells UK Subsidiary to consolidate growth in Nigeria. Union Bank of Nigeria Plc today announced decision to divest of its subsidiary in the United Kingdom in order to focus on Nigeria’s market.
Investors brief: these milky stocks are cuddling amazing gains. Now, there are few sick stocks, and investors are taking position.…
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.
Sell-offs Push Average Yield to 3.5%, as market expects N495bn inflow. Afrinvest www.afrinvest.com, a leading investment banking firm has said sell offs pushed average yield up to 3.5% last week.
Global actors gather to forge a common front against illicit trade. The United Nations Conference on Trade and Development (www.unctad.org) said that the global economy loses more than US$2 trillion annually due to smuggling, counterfeiting, trafficking of humans and wildlife and other forms of illicit trade that hold back progress on the global development agenda.
Zenith Bank Partners Facebook on free SME Digital Workshop. Zenith Bank Plc www.zenithbank.com says it has partnered Facebook to offer small and medium scale enterprises owners a free digital workshop starting on Wednesday this week.