The Federal Government is currently buying more time ahead of the formal launching of the proposed West African common currency, Eco anticipated to take effect later...
Northern Nigeria produced 87% of Nigeria’s poor population in 2016, a recent report from the World Bank has said. The World Bank report titled “Advancing Social Protection...
Access Bank PLC, is set to attain a new milestone as it announced on Monday it would float a N15 billion green bond on the Luxembourg...
Borno State Governor, Prof. Babagana Zulum, on Monday held the military responsible for Sunday night’s attack on stranded travelers by Boko Haram militants in Auno town,...
The Nigerian bourse began the week on a gloomy note as the market capitalisation shed N154 billion due to profit-taking activities in blue-chip equities. The market...
Nigeria loses a staggering N3.635 trillion ($10 billion), translating to more than one third of its 2020 budget (estimated to be N10.59 trillion), every year in...
The Nigerian Stock Exchange ended Friday’s trade in the negative territory as all the key market performance indicators ended in the red. A negative market breadth...
Wema Bank Plc has reported a 32.5% increase in its after-tax profit for Full Year 2019 compared to the corresponding period of 2018. The full account...
Underwriter, AIICO Insurance Plc, has reported an increase in its after-tax profit for Full Year 2019 to the tune of N2.718 billion on the back of...
First City Monument Bank (FCMB) Plc has reported a growth in its after-tax profit year on year by 18% on the back of improvement in its...
Infinity Trust Mortgage Bank Plc has declared a final dividend of N3.5k per share for the period ended 31 December, 2019 on the back of its...
Leading oil palm processing firm, Okomu Oil Palm Company Plc, has reported a plunge in its after-tax profit, amounting to N2.997 billion for Full Year 2019,...
The bearish run in the Nigerian bourse continued today as sell pressure on blue-chip equities caused key performance indicators to close in the negative territory. A...
Transnational Corporation of Nigeria Plc has reported a 27% slump in earnings for Full Year 2019, compared to the same period of 2018. The details of...
The Federal Government on Tuesday unveiled its plan to take a $17 billion credit line from China-Exim Bank. Zainab Ahmed, the Finance Minister, made the disclosure...
Sterling Bank Plc has reported a 17 percent increase in its profit after- tax for full year 2019 compared to the relative period of 2018. The...
Share registration service provider, Africa Prudential Plc, has reported a modest growth of 6.7 percent in its profit after-tax for Full-Year 2019 despite a fall in...
Nigeria’s largest brewer, Nigerian Breweries Plc, has announced the continuation of its Commercial Paper programme by launching the Series 5 and 6 of the programme, which...
Integrated digital payments and commerce company, Interswitch Limited, has listed its N23 billion bond on the Nigerian Stock Exchange (NSE). The Callable Senior Unsecured Bond, which...
The Nigerian Stock Exchange (NSE) sustained its bearish reign on Monday as market capitalisation shrank further, this time by N160 billion. All the key market performance...
Confectionery and food-processing giant, Cadbury Nigeria Plc has reported a 54% growth in its after-tax profit for Full Year ended 31st December 2019 in spite of slight...
Countries must work out innovative ways in which the potential of both fossil fuels and renewable energy can be harmonised and harnessed until the time renewable...
British independent oil and gas firm, Savannah Petroleum PLC, has announced that Accugas, its recently acquired asset, has entered into a new Interruptible Gas Sales Agreement...
In general, the week that just went by was a terrible one for investment at the Nigerian Stock Exchange (NSE) as the key market performance indicators...
Alcoholic beverage manufacturing giant, Guinness Nigeria Plc, has reported a 49% plunge in its pre-tax profit for the half-year ended 31st December 2019 despite a marginal increase...
Pharmaceutical and healthcare company, GlaxoSmithKline Consumer Nigeria Plc has reported a 2% drop in its after-tax for the year ended, 31 December 2019 despite improvement in...
The Nigerian bourse recorded its worst trading week so far in 2020 this week as profit-taking cost the market a staggering N405 billion in five days....
West African ground handling service provider, Nigerian Aviation Handling Company (NAHCO) has posted a 431% increase in its after-tax profit for the the year ended 31st December...
Law Union and Rock Insurance Plc has declared a 215% growth in its profit for the year ended 31st December 2019 compared to the corresponding period of...
The Nigerian Stock Exchange ended Friday’s trade in the negative territory as it recorded depreciation in all its Key Performance Indicators (KPIs). A negative market breadth...
Leading agro-industrial and oil palm processing firm, Presco Plc, has recorded an 8.2% slump in its after-tax profit, translating to N1.463 billion, for Full Year 2019....
MRS Oil Nigeria Plc has declared a loss of N1.137 billion for Full Year 2019. This makes it the second time the indigenous oil and gas...
Fidelity Bank Plc has declared a 28.5% growth in its profit for Full Year 2019 on the back of improvement in its earnings, compared to the...
Petroleum marketing company, Conoil Plc, has declared an 11% growth in its after-tax profit for Full Year 2019 compared to the corresponding period of 2018. Conoil...
FBN Holdings Plc, the non-operating holding company of FirstBank of Nigeria Limited, has posted a Profit After Tax (PAT) of N61.947 billion for Full Year 2019, up by 3.8%...
Nigeria lost $408.28 million (about N148.002 billion) in capital flight arising from plunge in Foreign Direct Investment (FDI) between June and September 2019 owing to insecurity...
Stanbic IBTC Holdings Plc has declared an after-tax profit of N75.035 billion for Full Year 2019, compared to the N74.440 billion recorded in the same period...
National Salt Company of Nigeria (NASCON), a member of the Dangote Group of companies, has declared a 56% plunge in its after-tax profit for Full-Year 2019...
The Nigerian Stock Exchange (NSE) continued its bearish run today as the Key Performance Indicators recorded decline. A negative market breadth was recorded as 10 gainers...
Chemical and Allied Products (CAP) Plc, a subsidiary of UACN Plc, has reported a 12% fall in its profit for Full Year 2019 compared to the...
Union Bank of Nigeria Plc has announced a planned divestment of its United Kingdom subsidiary and committing the proceeds to leveraging “growth opportunities in Nigeria” while...
Airport and aviation service provider, Skyway Aviation Handling Company (SAHCO) has posted an after-tax profit of N530.172 million for Full Year 2019, a clear departure from...
Oil and gas exploration and production powerhouse, Total Nigeria Plc, has declared a 70% plunge in its Full Year 2019 after-tax profit compared to the corresponding...
Profit-taking in bellwether stocks caused the Nigerian Stock Exchange to close in the negative territory today with all the Key Performance Indicators (KPI) ending in the...
Leading courier and packaging company, Red Star Express Plc, has recorded a 19% plunge in its after-tax profit for Q3 ended 31st December, 2019 relative to the...
Airtel Africa has posted a negative growth of $30 million (about N10.875 billion) or 22.6% in its after-tax profit for the 3rd quarter ended 31st December, 2019 year-on-year...
Indications emerged on Monday that Organisation of Petroleum Exporting Company (OPEC) and its allies might extend its current production cuts or even deepen them to buffer...
The recent upward review of the Value Added Tax (VAT) rate from 5% to 7.5%, which implementation is timed to take effect from 1st February, will not affect ordinary Nigerians,...
Construction giant, Julius Berger Nigeria Plc, has declared a 70% growth in its after-tax profit for Full Year 2020. This and other details of the firm’s...
The Nigerian bourse began the week on a losing note today as profit-taking and recently released company results impacted stock prices and overall market performance conspicuously....
