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NSE lifts suspension on Conoil's shares, v

CONOIL consolidates success despite industry worries 

CONOIL’s topline expansion surged further in Q3:2019; 9M:2019 revenue printed at NGN112.72 billion.
Seplat commences $700 million gas plant construction, Vitol Energy transfers 4.63 million shares to Seplat , Seplat, Three more companies announce their closed period ahead of Q3 financial result , Seplat’s 9 months revenue dips by 11.5% according to latest earnings report, Earnings quality undermined by missed output, oil shocks

Earnings quality undermined by missed output, oil shocks

For the third time this year, SEPLAT has missed its production and revenue targets. 9M:2019 topline was down by 12.57% Y-o-Y to NGN151.88bn.
Nigerian Stock Exchange, NSE

Stock Market up by 0.54% on Tuesday

Trades at the floor of the Nigerian Stock Exchange (NSE) on Tuesday ended on a positive note as the All-share index grew by 0.54%...
Nestle Quick take: Growth slows in Q3 as profit misses estimates

Nestle : On track for solid 2019 despite emerging concerns

Nestle Nigeria (Nestle) reported Revenue growth of 4.0% y/y to N211.3 billion for 9M 2019 from N203.1 billion.
MTN Nigeria, MTN gives update on USSD charge controversy, MTN’s never-ending $2 billion tax case has a new court date 

Operating performance still strong: Buy rating reiterated   

MTN Nigeria sustained growth in earnings in Q3 as the telco firm reported double-digit growth in Revenue.
NSE, Understanding Derivatives as investment products, MTN, Nestle, Stanbic, others top best H1 dividend stocks , Aso Savings, Evans, Multi-Trex, others in huge financial losses over compliance fines, ABC Transport , What the NSE’s amended pricing methodology is expected to accomplish  

Stock market witnesses return of the bulls as ASI increase by 0.48%

The Nigerian Stock Exchange rounded off trading on Friday on a positive note as the All-share index increased by 0.48% to close at 26,314.49 basis points. T
Alibaba set for Hong Kong IPO 

Alibaba set for Hong Kong IPO 

Alibaba Group Holding Limited, a Chinese multinational holding conglomerate is planning to list its shares on Hong Kong’s stock market.
Lafarge Africa provides grant for startups, Lafarge Africa’s latest earnings report reveals 8.5% decline in gross profit , Lafarge Africa gets new CFO one month after resignation of former finance director 

Disposal of Lafarge is value accretive; Upgrading to a BUY 

Lafarge recently published its inaugural report following sale of Lafarge South Africa Holdings (LSAH) in Q3.
Zenith Bank reaffirms market dominance and leadership with Q3 2019 results

Attractive valuation: Buy

Zenith’s numbers in 9M 2019 showed a decline in yield on Loans to customers and on money market instruments.
Unit holders earn N1.5 billion from UPDC REIT 

Unit holders earn N1.5 billion from UPDC REIT 

UPDC REIT promoted by UACN Property Development Company has announced the distribution of N1.5 billion to its unit holders. 
NSE moves to protect investors’ data , Ekiti, Osun, Delta, Imo, 9 others raise over N500 billion bonds in 10 years 

GTBank, Jaiz Bank, AIICO, Regency, Chams lead gainers’ chart on Thursday

Regency Alliance Insurance Plc (REGALINS), Chams Plc, Jaiz Bank, AIICO Insurance Plc and GTBank Plc led the gainers’ chart after trading on the floor...
Lenders increase unsecured loans to households in Q3 2019 - CBN , CBN intervenes with $8.28 billion to defend Naira , CBN sets up committee to recover N36 billion credit facility, CBN bars individuals, start-ups from trading treasury bills 

Update: CBN to bar individuals, start-ups from trading treasury bills 

The CBN has ordered all commercial banks and other financial institutions to ensure treasury bills are not sold to individuals and small firms.
Quoted Companies post N4.2 trillion combined profits since 2015, Stockbrokers in Lagos are shifting focus to commodities as stocks underperform

Stockbrokers in Lagos are shifting focus to commodities as stocks underperform

The generally bearish nature of the Nigerian equities market is forcing Nigerian stockbrokers to shift focus. 
Nigeria @59: Rise, fall & rise of Nigerian stock market 

GTBank, UBA, Access, Zenith traded N1.72 billion on Wednesday

Investors traded the sum of N1.72 billion on the shares of GTBank, United Bank of Africa (UBA), Access Bank, and Zenith Bank. The banks were...
Cost pressure dampens earnings growth outlook

Cost pressure dampens earnings growth outlook

Cadbury Nigeria Plc (Cadbury) announced a 7.2% y/y growth in Revenue to N28.9 billion for 9M 2019 compared to N27.0 billion in 9M 2018.  

Law Union Insurance, Unity Bank and CHI Plc lead gainers’ chart on Tuesday

The market ended today in negative territory as the All-share index dropped by 0.10% to close at 26,375.35 basis points. However, Law Union Insurance...
Nigerian Stock Exchange - nairametrics

List of Dividends announced so far in 2019 (November 2019)

List of Dividends announced so far in 2019 (November 2019)
Quoted Companies post N4.2 trillion combined profits since 2015, Stockbrokers in Lagos are shifting focus to commodities as stocks underperform

NSE starts the week on a positive territory as ASI grows by 0.41%

The Nigerian Stock Exchange Market (NSE) closed today’s trade on a positive note having traded in a total of 368 million shares, valued at...
CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele  

CBN’s N132.56 billion T-bills auction records oversubscription by 327% 

The Treasury Bills Auction of the Central Bank of Nigeria (CBN) held last Wednesday was oversubscribed.
Quoted Companies post N4.2 trillion combined profits since 2015, Stockbrokers in Lagos are shifting focus to commodities as stocks underperform

University Press, Oando, Unity lead gainers’ chart on Friday

  University Press Plc, Oando Plc, Unity Bank, Flour Mills and Lafarge Africa Plc led the gainers’ chart at the end of trading on Friday...
UAC, UPDC jointly announce recapitalisation and restructuring plans

Quick take: Loss from discontinued operations drives Net Loss   

UACN was able to sustain growth in earnings in its recently released 9M 2019 results.
Nigerian Stock Exchange

NSE traded N6.8 billion worth of shares on Thursday as market close positively

The All-share index on the NSE grew by 0.17% to close at 26,355.35 basis points on a day where the total trade on the...
VFD Holds Third Investors’ Call, Maintained an Impressive Return on Equity of 43% in Q3 2019 

VFD Holds Third Investors’ Call, Maintained an Impressive Return on Equity of 43% in Q3 2019 

VFD Group held its third investors’ conference call that drew interest from several local investors and financial analysts.
Royal Exchange completes acquisition deal between German Fund and subsidiary  

Royal Exchange announces acquisition deal 

Royal Exchange Plc has announced the completion of the 39.25% acquisition of REGIC by Germany’s InsuResilience Investment Fund (IIF). 
Quick take: Disappointing Q3 renews growth concerns

Quick take: Disappointing Q3 renews growth concerns

Unilever Nigeria Plc in its just-published H1 2019 result announced a 28.6% y/y decline in Revenue to N51.6 billion in 9M 2019.
Dangote Cement, Gas turbines

Quick take: Higher OPEX, FX loss weigh on earnings     

Dangote Cement reported a mild decline in Revenue (down 0.8% y/y to N679.8 billion) in 9M 2019.
Nestle Quick take: Growth slows in Q3 as profit misses estimates

Quick take: Growth slows in Q3 as profit misses estimates

Nestle Plc in its recently released 9M 2019 result announced Revenue growth of 4.0% y/y to N211.3 billion for 9M 2019 from N203.1 billion in 9M 2019.
Flour Mill's profit after tax increases by 16.44% in H1 2019  

Flour Mill’s profit after tax increases by 16.44% in H1 2019  

Flour Mills of Nigeria Plc has released its condensed consolidated and separate interim financial statements for half-year 2019.
Forte Oil, profit, Prudent Energy tenders another take-over offer for Forte Oil, Forte Oil's records 1408% profit growth in nine months 

Forte Oil records massive profit growth in nine months 

Forte Oil has released its interim financial statements for the period ended September 30, 2019. 
CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele  

CBN OMO ban could give stocks a much-needed boost  

The CBN's restriction of OMO to only foreign investors and Nigerian banks could end up providing a welcome boost to the Nigerian Stock Exchange.  
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