By Dipo Olowookere The market had a breather on Tuesday, appreciating by 0.58 per cent after the previous day’s poor performance as a result of cautious trading. Yesterday, the aggressive purchase of GTCO stocks and others provided the needed succour, though traders are still monitoring happenings in the political space as the nation prepares to […]
Kyari Although the Nigerian National Petroleum Company Limited (NNPC) has remained a loss-making entity for decades, the Chief Executive Officer, Mele Kyari, said the company is now striving to become the most profitable company in Africa. While Dangote Cement with market valuation and profit after tax of N4.35 trillion and N278 billion, respectively, in the […]
Investors in Nigerian equities rallied net capital gains of about N1.240 trillion in the year 2020, despite volatility witnessed in the market, LEADERSHIP learnt. The key performance indicator of the Nigerian Exchange (NGX) Limited, the All-Share Index (ASI), went up by 6.07 per cent to close the year 2021 at 42,716.44 points from 40,270.72 points […]
Kayode Tokede UAC of Nigeria Plc might not improve on its dividend payout to shareholders in 2021 financial year. This is because analysis of its result and accounts for the year under review revealed that profit after tax and profit before tax dropped by 70.4 per cent and 44.3 per cent respectively in nine months […]
·Analysts say MPC outcome will set the tone for new market direction Investors continued to position for dividend-paying stocks, last week, triggering more bargain-hunting activities on the equities sector of the Nigerian Exchange Limited (NGX) as the all-share index (ASI) rose above the 45,000 mark to close at 45,957.35 points – the highest level since […]
Fitch Ratings – London – 24 Jan 2022: Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch has simultaneously upgraded ENG’s National Short-Term Rating to ‘F2(nga)’ from ‘F3(nga)’. A full list of rating actions is detailed below. Fitch has withdrawn ENG’s Support Rating as […]
Champion Breweries has filed a notice of take-over offer by Raysun Nigeria Limited for over 1 billion units of the brewer’s shares. The Offer is in accordance with the directives of the regulator subject to the provisions of Section 131, Part XII of the Investment and Securities Act, No. 29, 2007 (as amended) and Rule […]
Transactions on the equities sector of the Nigerian Exchange (NGX) market capitalisation increased by N28 billion yesterday, amid sustained bargain hunting in BUA foods and 27 stocks. Specifically, the All-Share Index (ASI) increased by 42.71 absolute points, representing a growth of 0.10 per cent to close at 43,897.13 points. Similarly, the overall market capitalisation size […]
Exxon Mobil Corp. ( XOM ) shares closed today at 0.4% below its 52 week high of $72.15, giving the company a market cap of $304B. The stock is currently up 17.5% year-to-date, up 51.6% over the past 12 months, and up 8.1% over the past five years. This week, the Dow Jones Industrial Average […]
Fitch Sees Improvement in Ecobank Nigeria’s Profitability By Dipo Olowookere Ecobank Nigeria is expected to record a moderate improvement in profitability, a notable rating agency, Fitch Ratings, has submitted. The rating firm made this submission based on the receding asset-quality pressures and lower loan impairment charges (LICs) of the financial institution. In a statement to […]
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