Nestlé Nigeria Earnings Deflates as Cost Pressure Mount

Pressure Eased on Interbank Rates Day after CRR Debits Pressure on interbank funding rates eased on Tuesday, after yesterday’s Retail…

Custodian Investment to Acquire Controlling Interest in UPDC. The Custodian Investment Plc has signed a binding agreement with UAC of Nigeria Plc to purchase 51% equity interest in UACN Property Development Company (UPDC) Plc.

Sterling Bank: Impressive Result Belied Rough Seas Ahead – CEO. Sterling Bank Chief Executive Abubakar Sulaiman has said lender’s first half 2020 performance has bellied rough seas ahead.

Total Nigeria Suffered 29% Revenues Drop Due to Lockdown. In the first half of 2020, Total Nigeria Plc earnings dropped off significantly due to outbreak of coronavirus which necessitated economic lockdown.

Analysts Maintain Positive Outlook as Dangote Sugar Boosts Profit. Analysts have maintained a a positive outlook for Dangote Sugar Refinery (DSR) Plc as company leverage on advantages from border closure.

FirstBank announces 2020 Edition of Fintech Summit 4.0. First Bank of Nigeria Limited has announced that the 2020 edition of its annual Fintech Summit is scheduled to hold on Thursday, 6 August 2020 by 12.00 noon.

Equities Investors Gain ₦37.8 bn as Stock Market Opens Positive. Equities investors gain ₦37.8 billion on Monday as the Nigerian Stock Exchange (NSE) opens on a positive note. Buying interest in BUACEMENT (+2.0%), GUARANTY (+1.6%) and FLOURMILL (+10.0%) buoyed the All-Share index 29 basis points (bps) to settle at 24,766.12 points.

AIICO Insurance Gross Premium Increased By 26% to ₦31.9 Billion. AIICO Insurance Plc has reported a Gross Written Premium of ₦31.9 billion for the first half of 2020, representing a 26% increase, compared to ₦25.4 billion recorded in comparable in 2019.

Pay Attention to MTNN, Analysts Pitch 61% Upside to Investors