Browsing: Nigerian Stock Exchange

GTBank announces Holdco plan, says it’s ready to go into price war for loans. Segun Agbaje, the Group Managing Director and Chief Executive Officer at Guaranty Trust Bank Plc. has announced lender’s plan to adopt holding structure to accommodate its diversification objective.

Union Bank reflates earnings, to pay first dividend since 2008. Union Bank of Nigeria Plc has raised earnings performance bar, with gross income coming at ₦159.9 billion, representing a 14% uptick when compare with ₦140.1 billion reported in 2018.

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.

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.

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.

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

Equity analysts advise investors to offload Unity Bank, Unilever, Guinness stocks. Equity pickers have advised investors to adjust portfolio with recommendation to Buy UBA, Sell UBN Hold FCMB, and Reduce Sterling but Accumulate Stanbic IBTC shares.

Sell-Offs In Banking Stocks, Others Drag Nigeria’s Bourse Lower. Investors’ fortune decline significantly as the Nigerian Stock Exchange on Monday recorded that thirty three companies stock value nosedived.

Zenith Bank earnings beat lifts share price as lender proposes N2.50 dividend. The share price of the Zenith Bank Plc reacted positively to the group earnings performance for the financial year 2019.

NB Plc: Dividend Aristocrat’s Revenue Miss Estimates Despite Price Raise. Nigerian Breweries Plc, a leading brewer with significant market share, raised it beers prices, but earnings still underperformed consensus analysts’ estimates for the financial year 2019.