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.

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.

Declining yields: Local investors shift to foreign currency investments. Analysts have observed that local investors are shifting from murky investment environment into foreign currency investments due to declining yields in the market.

MTN Nigeria profit spikes 39%, set plan to invest N600bn on network. MTN Nigeria Plc., a leading providers of communications services has bolstered earnings with more than 38.9% increase in profit for the financial year 2019.

FIRSTBANK WINS 2019 OIL AND GAS BANKER AWARD. First Bank of Nigeria Limited has won Oil and Gas Banker of Year 2019 award. The award was presented at the Patrons’ Dinner and Industry Awards of the Nigeria International Petroleum Summit held recently at Transcorp Hilton, Abuja.

Analysts say Electricity cost may fuel core inflationary pressures. Analysts at Cardinalstone Partners have stated that electricity cost may stoke core inflation pressures from April onward

Year to date return turns red as stock market extends losing streak Investors’ fortunes decline as the Nigerian Stock Exchange…

“Borrow to transform Nigeria’s economy, investment firm tells FG” Contrary to high level criticisms on Nigeria’s rising debt profile, experts…

AU Executive Council endorses Adesina for second term The Executive Council of the African Union has supported Dr. Akinwumi Adesina’s…