Browsing: NSE

Equity Analysts Upbeat on DANGCEM, Nestlé, Zenith, GTB Stocks. Equity research analysts at ARM Securities are bullish on Dangote Cement, Nestle, Zenith and GTBank stocks, having recommend that they would help investors enjoys sizzling portfolio performance in 2020.

Chike-Obi Appointed Fidelity Bank Chairman as Ebi Retires. Fidelity Bank Plc. on Sunday announced the appointment of Mr. Mustafa Chike-Obi as the Chairman of the bank.

For Okomu Oil: Analysts say Rebound is on the Horizon. Quite a number of operators in the fast moving consumers’ goods sector with inelastic or at least partial inelastic demand are enjoying border closure.

FBNH: Analysts Raise Price Target on Account of Solid Balance Sheet. First Bank of Nigeria Holdings Plc traded at ₦5.30 on Wednesday, though analysts have estimated price target that is more than double this market price.

Bargain Hunting Lifts NSE Market Cap by ₦60.4 billion.

Conoil Lifts Revenue by 14.4%, declares ₦2 dividend per share. Conoil Plc has lifted its revenue as the company recorded a turnover of ₦139.8 billion in its audited financial statement for 2019.

NSE Reviews Eligibility Criteria for Pension Index. The Nigerian Stock Exchange (NSE), on Tuesday, announced the review of the eligibility criteria for the NSE Pension Index in line with changes in the regulatory and market requirements.

Equity Analysts Advise Investors on 57% Upside in ARDOVA’s Stock. Ardova Plc, an indigenous energy group, recorded a 22.31% year on year increase in revenue to ₦52.05 billion in the first quarter (Q1) of 2020.

FMN Struggles to Find Value as Rising Costs Squeeze Earnings. Flour Mills of Nigeria (FMN) Plc, the largest food and agro-allied company listed on the Nigerian Stock Exchange could be bought for ₦80.162 billion.

FrieslandCampina WAMCO Grows Revenues, Pays ₦9.49 Dividend in 2019. FrieslandCampina WAMCO Nigeria, producers of Peak and Three Crowns Milk, has announced a turnover of ₦161.83 billion for the financial year 2019.