Rainoil Energy firm Rainoil Limited purchased a 61 per cent holding in rival Eterna Oil Plc via an indirect acquisition that saw seven of the latter’s substantial shareholders give up their shares in exchange for negotiated cash. The deal, the culmination of more than 10 months of talks, hands Preline Limited ( the special purpose […]
Tag: XNSA
5 Best Shares to Buy in Nigeria
The Nigerian Exchange Group (NGX) is the official stock exchange for Nigeria with about 360 public companies listing their shares on the exchange to make them available for retail and institutional investors to either buy, sell, or exchange stocks. Choosing the best shares to trade can be a daunting exercise for many investors, especially for […]
Exxon Mobil raises dividend by a penny, to boost the implied yield to nearly 5.5%
Exxon Mobil Corp. XOM, -1.20% said Wednesday it will raise its quarterly dividend by a penny, to 88 cents a share from 87 cents. The new dividend will be payable Dec. 10 to shareholders of record on Nov. 12. The stock slumped 2.5% in afternoon trading, amid a broad slump in energy stocks as crude […]
Exxon Mobil stock rallies after earnings beat expectations, stock repurchases expected to begin next year
Shares of Exxon Mobil Corp. XOM, -1.23% rallied 1.1% in premarket trading Friday, after the oil and gas giant reported better-than-expected third-quarter profit and revenue, as improved demand and increased realizations helped all of the company’s business segments generate positive results. The company swung to net income of $6.75 billion, or $1.57 a share, from […]
Exxon Mobil Q3 Profit Tops Estimates; Plans To Buy Back About $10 Bln Of Shares
(RTTNews) – Exxon Mobil Corp. (XOM) reported a profit for the third-quarter compared to a loss last year, reflecting improved demand and strong operations. Quarterly adjusted earnings per share topped analysts’ expectations. The company plans to buy back up to $10 billion of shares over the next two years. The company expects to be well […]
Nigerian Banks Closed 234 Branches, 649 ATMs – IMF
The International Monetary Fund, IMF, yesterday, said that Nigerian banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to a decline in the country’s Financial Access Score (FAS) to 4.44 in the year against 4.78 in 2019. The IMF disclosed this in its Financial Access Survey 2021 Trends and Developments released […]
Nigeria: Unity Bank Posts N36.18 Billion Gross Earnings in 9 Months
Unity Bank Plc has declared gross earnings of N36.18 billion for the nine-month period ended September 30, 2021, and a 23 per cent growth in profit after tax to N1.94 billion for the same period. A review of the unaudited results for the 3rd Quarter of 2021 released to the Nigerian Exchange Group (NGX) Limited […]
Transcorp To Sustain Improved Performance
The management of Transnational Corporation of Nigeria (Transcorp) Plc has assured that it would sustain its improved performance outlook for the conglomerate in the remaining quarters of the year 2021. The conglomerate made this known at its half year virtual analyst parley. In H2, 2021, the Group targets to generate 641 average capacity and 537 […]
Nigerian stock market dips 0.57% as investors part with N117 billion
The Nigerian stock market ended the week on a bearish note as the All-Share Index, which is the benchmark in measuring the market’s performance dipped by 0.57% and investors lost about N117 billion during the week. This is contained in the weekly market report, for the week ended 3rd September 2021 as released by the […]
Domestic Currency Appreciates to N411.5/$1
By Adedapo Adesanya The Naira finished the week stronger against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Friday. At the trading session, the domestic currency appreciated by 17 kobo or 0.04 per cent to sell at N411.5/$1 compared to N411.67/$1 it was transacted on Thursday. […]