Investors channel funds to forex, equity after OMO ban- Report
The Nigerian equities market has rallied strongly, with blue chips outperforming, and the all-share index up by 9.2% since the CBN's OMO ban.
United Capital: The good and the bad
On Tuesday, United Capital Plc released its audited results for the 2019 financial year.
Analysis: Nigerian Breweries, the glory days are gone
These days, the story is somewhat underwhelming for Nigerian Breweries and every year it gets worse, as the brewery giant reported a profit after tax of N16 billion from revenue of about N323 billion only
Investors lose N9.14 billion to bears on Wednesday
The stock market witnessed bearish trade performance for the third consecutive session this week, as it lost N9.14 billion.
Bears sustain reign in stock market, as investors lose N12.2 billion on Tuesday
The Nigerian Stock Market continued its bearish trend with a 0.08% decline in the market performance.
Despite intensive advertising, International Breweries reported lower revenue and a loss
Despite aggressive marketing and advertising strategies in 2019, International Breweries Plc reported a drop in revenue and a loss.
Investors lose N96.31 billion, as ASI shed 0.67% on Monday
The Nigerian Stock Exchange started the week on a bearish note as the market performance indicators dropped.
Nigerian Breweries goes to the retail lab
Nigerian Breweries released its audited results for the 2019 financial year. As expected, there was a slight dip in both topline and bottom line.
NSE’s market cap shed N152.1 billion as bears take over
Investors in the Nigerian equities market lost N152.1 billion at the end of last week.
Twitter forecasts future drop in revenue after milestone record in Q4 2019
Twitter has made a record-breaking revenue of $1.01 billion in its Q4 2019.
CBN’s N154.38 billion T-bills auction over subscribed by 46% as rates fall marginally
CBN's second Treasury Bills Auction of the year that held yesterday was oversubscribed with marginal fall in rates on the 91 and 180-day tenors.
Investors gain N52 billion on Tuesday as Bulls make rebound
The stock market traded in positive territory yesterday after a series of bearish trades in recent weeks, as the equity market capitalisation rose by N52 billion.
Investors lose N153.6 billion on Monday as ASI dip 1.05%
Stock market investors lost N153.6 billion on Monday to a bearish trade session after the market capitalisation bowed to N14.46 trillion.
Top 10 Stockbroking firms trade shares worth N138.1 billion in January
The Nigerian Stock Exchange (NSE) enjoyed a bullish start in January 2020 as the all-share index closed at 28,843.53 index points.
NSE holds ETF workshop, showcases broader investment opportunities
The Nigeria Stock Exchange (NSE) holds ETF workshop and disclosed it remains committed to the development of the market
FBN Holdings reports 3.8% profit increase in unaudited FY 2019 result
FBN Holdings Plc has released its full-year 2019 unaudited financial report which showed slight improvements across major indicators.
Fidson Healthcare returns to profitability after 2018 loss
Fidson Healthcare Plc joined the growing list of quoted companies that are releasing their Q4 and full-year 2019 financial statements.
AIICO Insurance reports an 86% increase in profit after tax for Q4 2019
AIICO Insurance Plc has released its latest earnings report for the fourth quarter of 2019, which showed generally positive performance.
Sterling Bank releases unaudited financial report for the period ended December 2019
Sterling Bank Plc has released its group unaudited condensed and interim financial statements for the period ended December 31st, 2019.
Investors lose N174.37 billion on Wednesday
The bears are still dominant at the NSE as market capitalisation bowed to profit-taking, dropped by N37 billion in the last trading session.
Fund of funds, missing link in Nigeria’s mutual fund industry
Fund of funds, missing link in Nigeria’s mutual fund industry
Stock market dips further, as market cap drop by N52.1 billion on Tuesday
The Nigerian stock market dipped by N52.1billion, as the market capitalisation of equities dropped from N14.70 trillion on monday to N14.65 trillion as at close of trading on Tuesday.
UACN grows revenue by 10% to N83.9 billion
In its recently released FY2019 UNAUDITED results, UACN's Revenue grew 10% y/y to N83.9bn, in line with our FY 2019 estimate of N83.8bn.
Coronavirus blamed for Monday’s negative performance by Nigerian stocks
Investors in the Nigerian equity market sold off most of their shares, on Monday, causing the market to decline.
International Breweries: Poor Q4 caps unimpressive year as losses pile
International Breweries recorded a 9.7% y/y increase in Revenue to N132.4 billion in FY 2019 from N120.6 billion in FY 2018. While Revenue was up on a q/q basis (up 22.6% q/q) due to increased activities during the festive period
GTBank, Dangote Cement, Zenith Bank, make ARM’s hot stocks list
The stocks of Dangote Cement Plc, Zenith Bank Plc, Nestle Plc, Nigerian Breweries Plc, and Seplat Plc have made the shares of fortune list of ARM securities.
NSE: Investors lose N403.02 billion last week, as bear rules
Investors lost N403.02 billion last week, as experts attributed the development to the sell-offs witnessed in MTN Nigeria Communications Plc, Guaranty Trust Bank Plc, and Access Bank Plc.
These are best dividend stocks in 2019
NSE data revealed that 29 companies in Nigeria declared and/or paid more dividend per share in 2019 than they did in 2018. While two doubled their dividend, another two paid more than 50%, others did more in 2019 than 2018
Flourmills posts impressive Q3, sustains recovery in 2020 financial year
Flourmills Nigeria Plc released its 9M 2020 financial results and recorded a very much improved Q3 2020 performance.
Cadbury’s revenue, profit beat estimates in 2019
Cadbury published its UNAUDITED FY 2019 results announcing a 9.3% y/y increase in Revenue to N39.3bn in FY 2019 from N36.0bn in FY 2018.