CONOIL consolidates success despite industry worries
CONOIL’s topline expansion surged further in Q3:2019; 9M:2019 revenue printed at NGN112.72 billion.
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.
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 : 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.
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.
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 Group Holding Limited, a Chinese multinational holding conglomerate is planning to list its shares on Hong Kong’s stock market.
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.
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
UPDC REIT promoted by UACN Property Development Company has announced the distribution of N1.5 billion to its unit holders.
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...
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.
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.
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
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...
List of Dividends announced so far in 2019 (November 2019)
List of Dividends announced so far in 2019 (November 2019)
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’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.
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...
Quick take: Loss from discontinued operations drives Net Loss
UACN was able to sustain growth in earnings in its recently released 9M 2019 results.
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 Group held its third investors’ conference call that drew interest from several local investors and financial analysts.
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
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.
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.
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 Mills of Nigeria Plc has released its condensed consolidated and separate interim financial statements for half-year 2019.
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
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.