Markets

Markets

Seplat grows H1 profit by 15% to $121million

Iheanyi Nwachukwu Jul 30, 2019

Seplat Petroleum Development Company Plc , a leading Nigerian indigenous oil and gas company listed on both the Nigerian Stock...

Markets

Lower borrowing cost boosts Flour Mills’ Q1 profit by most in 4 years

Segun Adams Jul 29, 2019

Flour Mills of Nigeria, the biggest flour miller by market value grew its Q1 2019/20 profit by the most since...

Markets

CBN supplies $494.2m, CNY36m into forex market in one week

Hope Moses-Ashike Jul 29, 2019

The Central Bank of Nigeria (CBN) addressed the needs of end-users in the inter-bank market and the retail Secondary Market...

Markets

AB InBev shares hit 1yr high after strong half-year performance

Olufikayo Owoeye Jul 29, 2019

Belgian based brewer and world’s largest brewer, AnheuserBusch InBev, AB InBev, recorded its best quarterly volume performance in over five...

Markets

Trustfund Pensions points ways to sustain pension scheme

Joshua Bassey Jul 29, 2019

Trustfund Pensions, a leading Pension Fund Administrator (PFA), has stressed the importance of employers’ compliance with relevant provisions of the...

Markets

Nestle, Dangote Flour, others spur NSE's positive start

Iheanyi Nwachukwu Jul 29, 2019

The Nigerian stock market opened this week on a positive note, driven by increased demand for stocks like Nestle Nigeria...

Markets

Market pessimism weighs on big investors as transaction slides 2-year low

David Ibidapo Jul 29, 2019

While the Nigerian equity market has witnessed increased participation of institutional investors since the economy exited recession in Q2 2017,...

Markets

MTNN set for second straight year of trillion naira revenues

Lolade Akinmurele Jul 29, 2019

Th e Nigerian unit of South African telecommunications company, MTNN, looks set to break a record it set last year...

Markets

OTC market: Fixed income, currency turnover down 6.70% to N19.12trn

Iheanyi Nwachukwu Jul 26, 2019

The turnover in Fixed Income and Currency (FIC) markets for the month ended June 30, 2019 was N19.12trillion representing 6.70percent (N1.37trillion)...

Markets

NSE donates N20m to support cancer detection initiatives across Nigeria

Iheanyi Nwachukwu Jul 25, 2019

The Nigerian Stock Exchange (NSE) has donated N20 million to support initiatives focused on promoting early detection as well as...

Markets

Presco gets shareholders approval to pay N2bn dividend for 2018

Iheanyi Nwachukwu Jul 25, 2019

For the financial year ended December 31, 2018, shareholders of Presco Plc on Wednesday July 24 approved for the Board...

Markets

Nigerian stock valuation sees marginal decline on weak investor sentiment

Israel Odubola Jul 24, 2019

Investors in Nigerian stocks paid seven times for each naira earning of listed companies three months ago, but with the...

Markets

DMO lists FGN second N100bn Sukuk on NSE

Iheanyi Nwachukwu Jul 23, 2019

Debt Management Office (DMO) of Nigeria on Tuesday, July 23, 2019, listed on The Nigerian Stock Exchange, the second N100bn,...

Markets

Stocks gain most in 8 weeks after Buhari transmits ministerial list to Senate

Oluwasegun Olakoyenikan Jul 23, 2019

Stocks listed on the Nigerian Stock Exchange recorded their best performance in eight weeks Tuesday after President Muhammadu Buhari transmitted...

Markets

Stock investors record N163bn gain as market halts loss trend

Iheanyi Nwachukwu Jul 23, 2019

Nigerian stock investors on Tuesday July 23 recouped about N163billion from the previous losses which had pushed the market to...