Markets

Markets

Guinness falls to 7-year low on concerns over full-year performance

David Ibidapo Apr 25, 2019

Guinness Nigeria, the second-biggest brewer in the country on market capitalisation, fell to a seven-year low Thursday as investors sold...

Markets

Chemical and Allied Product sees colourful 2018 as top-line, bottom-line improve

Segun Adams Apr 25, 2019

Chemical and Allied Products (CAP) Plc , an indigenous paint manufacturer and subsidiary of United Africa Company of Nigeria, amid...

Markets

Nestle, Dangote Flour, Access Bank, 30 other stocks boost market

Iheanyi Nwachukwu Apr 25, 2019

The trading week to April 18 was good for investors in the shares of Nestle Nigeria Plc, Dangote Flour Mills...

Markets

Olam International offers N130bn to buy Dangote Flour Mills

Olufikayo Owoeye Apr 23, 2019

Dangote Flour Mills Plc has announced the receipt of an offer from Agric-business giant, Olam International Limited, to acquire all...

Markets

Motor, engineering, two others generate 90 percent underwriting profit in 2018

Teliat Sule Apr 21, 2019

Ninety percent of the underwriting profits made by AIICO Insurance, Sovereign Trust and AXA Mansard Insurance from non-life insurance segment...

Markets

Access Bank grows post merger’s Q1 PAT by 86% to N41bn

Teliat Sule Apr 21, 2019

Signs of good things to come for shareholders of the new Access Bank emerged last week when the tier one...

Markets

Investors gain N44 billion as stock market rises further

Iheanyi Nwachukwu Apr 18, 2019

The Nigerian Stock Exchange (NSE) All Share Index (ASI) increased further by 0.39 percent at the close of trading on...

Markets

GTBank gets shareholders’ nod to pay final dividend

Iheanyi Nwachukwu Apr 18, 2019

The shareholders of Guaranty Trust Bank Plc at its 29th annual general meeting (AGM) held on Thursday April 18, 2019...

Markets

BDCs seek FG's radical implementation of power sector reforms

Hope Moses-Ashike Apr 17, 2019

Bureau De Change (BDC) operators have called for radical implementation of the power sector reform program to ensure access to...

Markets

CBN injects $210 into forex market

Hope Moses-Ashike Apr 17, 2019

The Central Bank of Nigeria (CBN intervened in the interbank segment of the foreign exchange Market with $210 million, which...

Markets

Corporates shun domestic listings as NSE suffers IPO drought

Okafor Endurance Apr 17, 2019

The Nigerian Stock Exchange (NSE) has become a shadow of its former self as Public Offerings that were once choice...

Markets

Stanbic IBTC Holdings Plc:Excellent risk management strategy pays off as NPLs Improve

Bala Augie Apr 16, 2019

Stanbic IBTC Holdings Plc just released its 2018 audited financial statement that showed there were improvements in key ratios. The...

Markets

Stock market fails to sustain gains

Iheanyi Nwachukwu Apr 15, 2019

Nigeria’s stock market was unable to sustain gains recorded the preceding trading day as many investors chose to take profit...

Markets

FBN Holdings, Fidelity, Stanbic IBTC post highest PAT growth in 3 years

Teliat Sule Apr 14, 2019

FBN Holdings, Fidelity Bank and Stanbic IBTC have posted the most improved growth in profit after tax(PAT) in the last...

Markets

GSK changes model, adopts Fidson Healthcare as local manufacturer

Teliat Sule Apr 14, 2019

GlaxoSmithKline Consumer Nigeria Plc, popularly known as GSK has changed its operational model with the selection of Fidson Healthcare Plc...