Browsing: Nigerian Stock Exchange
AXA Mansard Earnings Lift, Prospect Earned Analysts’ Buy Recommendation. Mansard Insurance Plc. (MANSARD) recorded a marked year on year growth of 15.52% in the first half of 2020, as gross premium income rose to ₦22.73 billion.
Guinness Nigeria’s Profit Estimated to Drop by 86%, Downgrade to Sell. Guinness Nigeria Plc. is facing a very tough time, the brewer’s profit is projected to drop by 86% in 2020 as investment firm advised investors to dump the stock to avoid losing value.
NB Plc: Equity Analysts Cut Profit Estimate for 2020 By 57%. Equity analysts have cut Nigerian Breweries Plc profit for 2020 by 57% due to disappointing first half performance scorecard and low expectation on sales recovery.
Jaiz Bank Earnings Jumps 44% on Account of Improve Fee as Mudarib. Jaiz Bank Plc reflated its first half earnings by 44% despite the outbreak of coronavirus pandemic on the global economy.
We Worry About Efficiency of Access Bank Plc – Analysts. Equity research analysts at Cardinalstone Limited, an investment management firm, have expressed worry over efficiency of Access Bank Plc in financial year 2020.
GUINNESS NG: Low Earnings Outlook as ‘Virus’ Breaks Shareholders Value
Equities market: No justification for April, May Rally – WSTC. Analysts have said that equities segment of the Nigerian Stock Exchange has slipped into correction mode after initial rally.
Transcorp Hotels to Raise ₦9.9 billion Rights Issue. Shareholders of Transcorp Hotels Plc have unanimously approved the company’s plan to raise the sum of ₦9.9 billion through a rights issue.
FCMB Group to Acquire 96 Percent of AIICO Pensions. FCMB Group and AIICO Insurance have notified the Nigerian Stock Exchange (NSE) and the investing public of discussions for sale of 96% stake of AIICO Pensions Managers to FCMB Pensions
Nestlé NG: Most Profitable Consumers Goods Leader Sets for Bumper Harvest. Amidst bumps and bruises in the economy, Nestlé Foods Nigeria Plc is leading competition to finding value for its shareholders.