Exxon Mobil Corp on Dec. 30 signaled a return to annual profit for 2021 as stronger oil and gas prices drove a gain of up to $1.9 billion in operating profits that exceeded one-time charges. The largest U.S. oil producer issued a snapshot of final quarter results that showed it expects sequentially higher profit from […]
Getty Images Over the past three months, the stock has climbed 12.6%, while continuous crude oil futures CL00, +0.91% have gained 2.1% and the S&P 500 index SPX, -1.70% has advanced 6.7%. Truist’s Dingmann upgraded Exxon Mobil to hold after cutting it to sell about two months ago. He raised his stock price target to […]
Investors on Monday lost the sum of thirty billion Naira as the Nigeria stock market crashed by 0.12 per cent at the close of the day’s business. It was gathered that the Nigeria stock market which lost thirty billion Naira on Monday dropped from ₦23.95 trillion to ₦23.92 trillion on Monday. The All-Share Index after […]
By Babajide Komolafe Nigeria’s diaspora remittances inflow is set to beat the World Bank’s projection for 2021, as it rose to $14.2 billion in the nine months ending September 2021, up 10 per cent Year-on-Year, YoY, from $12.9 billion in the corresponding period of 2020, reflecting the impact of post-COVID economic recovery measures. This is […]
Analysis of the recently released data by the National Bureau of Statistics (NBS) on capital importation for Q3 2021 revealed that the total amount of foreign investment inflows into the Nigerian economy improved by 97.7% q/q and 18.5% y/y to US$1.73bn in Q3 2021 from US$0.88bn in Q2 2021 and US$1.46bn in Q3 2020. However, […]
Floor of the Nigerian Stock Exchange Nigerian stocks depreciated by 0.09 per cent on Tuesday in their worst show since year start as investors dumped food and beverages stocks led by Nestle and Nigerian Breweries, and partial profit-booking weighed. Drop in the share prices of NGX Group and UBA strengthened the loss, with the underwhelming […]
Company Close Updates Company Logo Shares of Exxon Mobil Corp. XOM, +4.21% slipped 0.88% to $61.15 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.92% rising 0.14% to 4,793.06 and the Dow Jones Industrial Average DJIA, +0.51% rising 0.25% to 36,488.63. This […]
Exxon Mobil Corp. ( XOM ) shares closed today at 0.4% below its 52 week high of $69.18, giving the company a market cap of $291B. The stock is currently up 12.6% year-to-date, up 62.6% over the past 12 months, and up 1.1% over the past five years. This week, the Dow Jones Industrial Average […]
Stanbic IBTC Stanbic IBTC Holdings Plc hopes to get the blessings of regulators for the fintech subsidiary it plans to set up any moment soon, the financial services group said on Tuesday. To be christened Stanbic IBTC Financial Services Limited, the fintech firm will emerge at a time of tough luck for Stanbic IBTC Holdings […]
The appointments are subject to the approval of the Central Bank of Nigeria. The board of directors of FBN Holdings Plc, on Wednesday, announced the appointments of three executive directors for its commercial banking arm, First Bank Nigeria Limited. It appointed Olusegun Alebiosu as executive director, risk management and executive compliance officer, while Oluwatosin Adewuyi […]
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