Access Bank Plc, has announced a 3.6% growth in its earnings to N97.510 billion at Full Year 2019. This and other highlights of the lender’s performance...
Bargain-hunting in high-cap stocks largely shaped the direction of the market this week as the Nigerian bourse closed in the positive this week, thanks to two intervening...
Recession-plagued South Africa is looking the way of Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala to join an economic think tank that will deliver it from its...
The bear returned to the Nigerian bourse on Friday as sell pressure in blue-chip bank stocks caused key performance indices to end in the red. However,...
Union Bank of Nigeria Plc has reported a 10% increase in its Profit After Tax (PAT) for Full Year 2019 and consequently declared a dividend for the first time...
The Organisation of Petroleum Exporting Countries (OPEC) Thursday agreed to another cut in production adding up to 1 million barrels per day (bpd) among its fourteen...
Stanbic IBTC Holdings Plc, has announced it is proposing a final dividend of N2 per share totalling N21.010 billion for Full Year 2019. This brings the total dividend...
Plans are afoot by the Office of the Auditor General of the Federation and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to conduct...
Zainab Ahmed, the Minister of Finance and Budget Planning, Wednesday said the Federal Government intended to review Nigeria’s 2020 budget in the light of shrinking oil...
Investors’ appetite for bank stocks drove activities in the market Wednesday as the Nigerian bourse recorded gain for the second consecutive day this week. A positive...
Riding on the back of an economic growth that surpassed forecasts in the fourth quarter of 2019 and stimulated expansion in the four years to 2019,...
11 Plc, formerly Mobil Oil Nigeria PLC, is poised to delist from the daily official list of the Nigerian Stock Exchange (NSE). If the move materialises,...
The fiscal ambition of the Muhammad Nami-led Federal Inland Revenue Service (FIRS) took another dimension Tuesday as the FIRS chief declared the service intended to generate...
Respite came the way of investors today as the Nigerian Stock Exchange (NSE) rallied with a N232 billion gain to end the reign of the bear...
Embattled oil and gas exploration and production firm, Lekoil Limited, says it plans to review its internal corporate governance framework in the aftermath of the investigation into the...
The Board of Directors of Transnational Corporation of Nigeria (Transcorp) Plc has said it is proposing a dividend per share of N0.01 for Full Year 2019. The firm had about...
Profit-taking in bellwether stocks caused the Nigerian Stock Exchange to close in the negative territory on Monday, with all the Key Performance Indicators (KPI) ending in...
Guaranty Trust Bank PLC (GTB) has declared it recorded a 6.6% expansion in its after-tax profit for Full Year 2019. This it was able to achieve in...
Nigeria’s biggest food company by market value, Nestle Nigeria Plc has reported a 6% leap in its after-tax profit for Full Year 2019. This and other details are...
Last week, the Nigeria Stock Exchange (NSE) shed about N610 billion in value owing to heavy sell pressure on the part of investors. A number of...
Oil and gas firm, Ardova Plc (formerly Forte Oil Plc), has reported a 520% increase in its after-tax profit for Full Year 2019. This and other details...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities while...
Custodian Investment Plc has recorded a 15% drop translating to N1.101 billion in after-tax profit for Full Year 2019. This and other details are published in its Consolidated...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Saturday the apex bank would seize the private jets of loan defaulters in the...
United Bank for Africa (UBA) Plc has posted a 13% rise in its after-tax profit for Full Year 2019. The percentage increase translates to N10.482 billion increase...
Nigeria’s second-biggest company by market value, MTN Nigeria Communications Plc, has reported a 38.7% growth in bottom-line for Full Year 2019. By this action, MTNN joins Dangote Cement...
Heavy sell off cost the market N610 billion this week. So far this year, investors have lost N1.646 trillion due to the negative sentiments that have...
The Nigerian Stock Exchange extended its losing streak on Friday as profit-taking efforts drove the market southward. Investors lost about N308 billion at the end of...
On Tuesday, February 25, 2019, Twitter’s 270 million user community welcomed a new handle, Netflix Naija. In less than 48 hours, it pulled over 17k followers...
The downtrend in the oil market reached a new nightmarish height Thursday as the Brent (against which Nigeria’s Bonny Light is benchmarked) tumbled to $51 a...
The crunch in the equity market bit harder today, causing the market capitalisation to shed N86 billion. A negative market breadth was posted: there were 19...
The Federal Government of Nigeria has approved a total sum of $268 million funding to support tech and agricultural entrepreneurs in Nigeria. The Vice President Prof....
The nation’s debt service to revenue ratio is over 60 per cent. Put differently, Nigeria spends more than 60 per cent of its revenue on servicing debts. This...
Nigeria’s biggest company by market value, Dangote Cement Plc, has reported a profit decline of N190 billion at Full Year 2019 compared to the corresponding period...
The bear tightened its stranglehold on the market further today as the index went down by 0.22%. A negative market breadth was posted with 16 losers...
Share registration service firm, Africa Prudential Registrars Limited, Tuesday announced a dividend payout of N0.70 per share for the 2019 Full Year. Altogether, the firm will pay the...
The culmination of the world’s most expansive granulated urea fertiliser project is days ahead. Dangote Fertiliser Limited Tuesday declared that practically all the segments of the...
Revenue estimated at N127.53 billion was lost to flared gas by the Nigerian Government in the 11 months to November 2019. In quantity terms, this value...
There is renewed concern about the sustainability of rising debt levels in many African countries. Much of this debt is being incurred through foreign currency denominated...
The Nigerian Electricity regulatory Commission (NERC), in a major policy shift that aims at reforming the Nigerian electricity billing structure, has announced a directive repealing the...
Increasing negative sentiments particularly in bank equities led investors to dump large volumes of shares for sale today as the market struggled to earn confidence. The...
For its 10th year edition, the South African Breweries, SAB, through its independent funding trust, the SAB Foundation, is set to reward a new cohort of...
The National Bureau of Statistics (NBS) said on Monday the Nigerian economy recorded a 2.27 percent growth last year compared to 2018 when it posted 1.91...
Nigeria’s foreign reserves will be completely exhausted in four years time if the current depletion rate persists. The Nigerian external reserves status has become a national...
For about one month, the market has not found a stable footing like the first twenty days of the year when activities were predominantly, if not...
The Nigerian economy expanded by 2.55% at the end of last quarter of last year, compared to the corresponding period of 2018. This is contained in...
Between 2018 and 2019, the total value of investments in the Nigerian economy tumbled from US$90.89 billion (N33.039 trillion) to US29.91 billion (N10.872 trillion). Put differently,...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities while...
After overcoming an arbitration battle, standing in the way of Africa’s second largest hydropower plant, the Federal Government will commence the project any moment from now....
It may take a longer time for the market to find resilience if the current momentum of loss increases. The market was nearly absolutely bearish driven...
