Tag: Nigerian Stock Exchange
Fidelity Bank posts impressive 9 months results as profits hit N21.3bn
LAGOS - Fidelity Bank Plc has continued to sustain its impressive run of financial performance with the strong 3rd quarter results for the year,...
Stock market rises by 0.40% as investors see buy opportunity following...
Nigeria’s listed stocks gained N60billion on Thursday as investors saw opportunity to re-enter the market and buy value counters which were trading at record...
Shareholders approve delisting of 11 Plc from NSE
Shareholders of 11Plc (formerly Mobil Oil Nigeria Plc) have approval to the company’s proposals to voluntarily delist from the Nigerian Stock Exchange.
The approval was...
Listed insurers see half-year profit surges on investment income
Profits of the largest listed insurers on the Nigerian Stock Exchange (NSE) have surged even amid the wrought caused by the coronavirus pandemic (Covid-19),...
NSE All-Share Index rebounds 0.16%
By Chinyere Joel-Nwokeoma
Lagos - After three consecutive days of losses, the Nigerian Stock Exchange (NSE) All-Share Index on Friday rebounded by 0.16 per cent.
Specifically,...
Stock market indices advance further by 0.18%
By Chinyere Joel-Nwokeoma
Lagos - The Nigerian Stock Exchange’s (NSE) key market indices on Wednesday appreciated further by 0.18 per cent due to...
Heineken buys more stakes in Nigerian Breweries
Netherlands-based Heineken N.V has continued its direct acquisition of additional equities stakes in Nigerian Breweries.
The latest transactions, which occurred between August 27 and August...
NSE: Trading sustains bullish trend, rises 0.45%
By Chinyere Joel-Nwokeoma
Lagos - Activities on the trading floor of the Nigerian Stock Exchange (NSE) maintained a bullish posture on Friday with the...
Airtel Africa, Telkom dump Kenya’s merger deal
Airtel Africa Plc and Telkom Kenya Limited have decided to forego a proposed business combination in Kenya, citing inability to reach a successful closure...
NSE: Market indicators record marginal growth, up 0.06%
By Chinyere Joel-Nwokeoma
Lagos - The Nigerian Stock Exchange (NSE) on Wednesday recorded the first gain of the week, appreciating marginally by 0.06 per...
Access Bank seeks to buy Zambian bank
Access Bank Plc has commenced an exclusive discussion towards full acquisition of Cavmont Bank Limited, a Zambia-based financial institution.
Access Bank is seeking to consummate...
NSE resumes H2 with 0.47% growth
By Chinyere Joel-Nwokeoma
Lagos - The Nigerian Stock Exchange (NSE) on Wednesday resumed for the second half of the year on a positive trend,...
Amidst COVID-19, NSE, Best among Equals
James Emejo
Abuja (Sundiata Post) - The outbreak and spread of the coronavirus (COVID-19) has severely impacted the world economy with many industries suffering...
Budget deficit: Don urges FG to list NNPC on stock exchange
By Chinyere Joel-Nwokeoma
Lagos - The federal government has been urged to prioritise the listing of the Nigerian National Petroleum Corporation (NNPC) on the...
NSE commits N100m to support fight against coronavirus
By Chinyere Joel-Nwokeoma
Lagos - The Nigerian Stock Exchange (NSE) has committed the sum of N100 million to support the fight against coronavirus pandemic...
Post Covid-19 Pandemic: Telecoms Sector Gives Hope of Bright Spot...
By Chibuike Nwabuko
Abuja (Sundiata Post) - Nairametrics Financial Advocates, a leading financial resource company, with special focus on financial literacy, investor advocacy and business...
NSE: Trading remains upbeat, market capitalisation up N58bn
By Chinyere Joel-Nwokeoma
Lagos- The Nigerian Stock Exchange (NSE) recorded a bullish performance on Tuesday with the market capitalisation improving by N58 billion...
BUA Group acquires majority holding in construction company
By Chinyere Joel-Nwokeoma
Lagos - BUA Group has acquired majority shareholding in P.W. Nigeria Ltd., one of Nigeria’s largest construction, engineering and mining companies.
Abdul...
2019: Access Bank posts N666.75bn gross earnings, declares 40k final dividend
By Chinyere Joel-Nwokeoma
Lagos - Access Bank Plc has posted gross earnings of N666.75 billion for the financial year ended Dec. 31, 2019.
The...
UBA posts N89.1bn profit after tax in 2019
By Chinyere Joel-Nwokeoma
Lagos - United Bank of Nigeria (UBA) Plc has posted a profit after tax of N89.1 billion for the financial year...