Nigerian capital market

Capital Market Performance crucial to economic development – FBNQuest Securities

The Nigerian equities market remained on the downbeat in 2016 due to the recession which impacted economic growth adversely.
C&I Leasing Plc, Nigerian Stock Exchange, NSE, Suspension

C&I Leasing: Half-Year profit up by 27%

Leasing firm, @CILEASINGPLC, has recorded a remarkable growth in fortune as its Profit After Tax (PAT) improved by 27% at Half-Year 2019, compared to the corresponding period in 2018.
Presco financial statement, Presco shares on NSE

Presco’s half-year revenue dips by 9.5%

Presco Plc, a palm-oil processing and agro-industrial firm, has disclosed that the company's revenue for 2019 Half-Year dipped by 9.5%, moving from N11.6 billion at Half-Year 2018 to N10.5 billion at the end of June this year.
International Breweries financial statement, International Breweries revenue, International Breweries on Nigerian Stock Exchange, International Breweries shares, International Breweries Plc

International Breweries half-year deficit up by 140%

The Half-Year 2019 financial statement of International Breweries Plc has revealed a surge in the company's Loss After Tax which hiked by 140.36% to N6.841 billion at the end of June this year, up from the N2.846 billion declared in the same period the year before.
Lasaco Assurance Plc financial result, Lasaco Assurance shares, Companies on Nigerian Stock Exchange, NSE lifts suspension on Lasaco Assurance, NSE suspend companies, NSE lift suspension, NSE lift suspension on Conoil, Conoil and SEC, LASACO proposes N0.05 dividend for FY 2018

LASACO Assurance records half-year profit gain of 25%

LASACO Assurance Plc has disclosed that its Profit After Tax grew significantly from the corresponding period which recorded N382.4 million in 2018. The company reported a 25% growth to hit N479.4 million in 2019 Half-Year financial report.
Oando Plc, Eni, Fraud, SEC

Oando’s growth unhindered by SEC tussle, as its revenue for HY increased by 6%

@Oando_PLC has announced its unaudited financial results for the Half-Year period ended June 30, 2019. The indigenous energy group reported an 8% increase in production while its turnover for the six months increased by 6%.
Zenith Bank Plc

Zenith Bank Unveils Easy Online Dubai Visa Application

Zenith Bank Plc has introduced a new feature on its internet banking platform that allows customers to apply for Dubai Visa and make the associated Visa fee payment effortlessly.
GlaxoSmithKline Nigeria Plc gets new Managing Director, GlaxoSmithKline resignation, GlaxoSmithKline appointments, GlaxoSmithKline shares, GlaxoSmithKline Dividends, GlaxoSmithKline financial result

Former CBN’s Tunde Lemo resigns from GlaxoSmithKline

Pharmaceutical company, @GSK, has announced the resignation of board member, Tunde Lemo. Before Lemo's resignation, he was involved in the company's policymaking and planning exercises. He's a former deputy governor of operations and director of the @cennigeria.
Maggi Signature, Nestle Nigeria revenue climb 5% as profit hit N26.2 billion, Nestle Nigeria's Unaudited Financial Statements

Nestle Nigeria’s revenue climbs 5% as profit hits N26.2 billion

@NestleCWAR has released its Unaudited Financial Statements for the period ended 30 June 2019. The company experienced a 5% increase in its revenue when compared to its result for the corresponding year.
Fidelity Bank Plc, Fidelity Bank financial report, Fidelity Bank Insider Trading Policy, Nigeria's Insider Trading Policy, NSE stcoks, Companies on Nigerian Stock Exchange NSE

Fidelity Bank temporarily bans its Directors and families from trading its shares

@fidelitybankplc has announced that its Executives, Directors, other employees, Family members and other persons related to the employees and the lender have been barred from trading in the company's shares.


Nigeria, others to secure GPE’s $250 million Coronavirus support fund

Nigeria, others to secure GPE’s $250 million Coronavirus support fund

Nigeria and other 38 African countries are set to secure the $250 million funding provided by the Global Partnership for Education (GPE).
Chinese Engineering firm donates medical supplies to Nigeria

Chinese engineering firm donates medical supplies to Nigeria amid Covid-19

CCECC has donated over one million masks and other medical supplies, as part of its CSR to help Nigeria combat the COVID-19 pandemic.
NloTEK develops COVID-19 solution for elderly and vulnerable, receives $6,000 from Cairo Angels

NloTEK develops COVID-19 solution for senior citizens, wins $6,000 from Cairo Angels

As the confirmed cases of the Coronavirus hit over a million globally, tech startup, NloTEK, has been selected to develop solutions that could aid in the fight against the pandemic.
NAICOM, Recapitalisation: 44 firms get NAICOM’s nod , NAICOM boss makes case for recapitalisation, insists the exercise will solidify insurance sector , NAICOM extends recapitalisation deadline for insurance companies to meet new capital base, Due to lack of ‘process’, NAICOM says no insurance firm has met recapitalisation requirement, Insurance: Recapitalisation exercise sets consolidation in motion, Insurance firms are reportedly selling off assets to meet NAICOM’s recapitalisation deadline, Insurance: NAICOM mulls extension of recapitalization exercise

INSURANCE: NAICOM mulls extension of recapitalisation exercise

There are indications that NAICOM will extend the deadline for the recapitalisation of insurance and reinsurance companies for the second time.
British Pounds Sterling plunges, British PM admitted to Intensive care Unit 

British Pound plunges as PM gets admitted to Intensive care

The market responded negatively after British Prime Minister, Boris Johnson was admitted into the Intensive Care Unit yesterday due to complications from Coronavirus.