Bad loans for Kenya’s top nine banks by assets have increased by Sh82.5 billion in the full-year period between March last year and March this year, highlighting how Covid-19 has been devastating to local banks. The lenders that have released their results for Quarter One this year have posted a total of Sh339.9 billion in […]
Tag: XNSA
Nigeria: How Nigeria Can Earn $700m Yearly From Sugar Investment
The Dangote Sugar Refinery has urged the federal government to strictly implement the Backward Integration Policy (BIP) in the sugar industry as the nation can earn $700 million yearly from local production. The Chairman of Dangote Sugar Refinery, Aliko Dangote, disclosed this yesterday at its 15th Annual General Meeting (AGM) in Lagos. Dangote said, "If […]
Nigerian stocks plunge N301 billion on third day of loss
Nigerian stocks reported another loss on Wednesday as the benchmark index toppled 1.48 per cent, with bellwethers – Airtel and Zenith Bank – steering the move to the negative territory. It marked the third successive day of loss, with the size of trade contracting by as much as 25 per cent, raising fears that the […]
Why NGX placed Resort Savings & Loans, 2 others on restructuring status
The Nigerian Exchange Group (NGX Exchange) has placed Resort Savings and Loans (Mortgage firm), Union Homes, and Aso Savings & Loans on restructuring status. This was disclosed by the Exchange in its X-Compliance Report , released last Friday and seen by Nairametrics. Why they were asked to restructure The Exchange approved their restructuring after it […]
Exxon Mobil Corp. stock underperforms Friday when compared to competitors
Company Logo Shares of Exxon Mobil Corp. XOM, +0.95% sank 0.23% to $55.87 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.82% rising 0.77% to 4,128.80 and the Dow Jones Industrial Average DJIA, +0.93% rising 0.89% to 33,800.60. This was the stock’s […]
Exxon Mobil Corp. stock underperforms Tuesday when compared to competitors despite daily gains
Company Logo Shares of Exxon Mobil Corp. XOM, +0.95% inched 0.38% higher to $55.71 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX, +0.82% rising 0.33% to 4,141.59 and the Dow Jones Industrial Average DJIA, +0.93% falling 0.20% to 33,677.27. The stock’s rise […]
Exxon Mobil Corp. stock outperforms market despite losses on the day
Company Logo Shares of Exxon Mobil Corp. XOM, +0.95% shed 0.32% to $56.48 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, +0.82% falling 0.53% to 4,163.26 and Dow Jones Industrial Average DJIA, +0.93% falling 0.36% to 34,077.63. This was the stock’s third […]
Exxon Mobil Corp. stock outperforms market on strong trading day
Company Logo Shares of Exxon Mobil Corp. XOM, +0.95% rallied 1.31% to $56.41 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.93% rising 0.01% to 33,984.93 and the S&P 500 Index SPX, +0.82% falling 0.02% to 4,186.72. This was the stock’s […]
Exxon Mobil’s stock rises toward 5th-straight gain ahead of earnings report
Shares of Exxon Mobil Corp. XOM, +0.95% rose 0.6% in afternoon trading, putting them on track for their fifth-straight gain, ahead of the oil giant’s first-quarter report due out the next morning. Exxon Mobil is expected to report before Friday’s open net income that rises above $2.5 billion, adjusted earnings per share that climbs to […]
Exxon Mobil Swings To Profit In Q1; Results Top Estimates – Quick Facts
(RTTNews) – Oil major Exxon Mobil Corp. (XOM) reported Friday that first-quarter net income was $2.73 billion or $0.64 per share, compared to a net loss of $610 million or $0.14 per share in the prior-year quarter. Excluding special items, adjusted earnings were $0.65 per share, compared to $0.53 per share in the prior-year quarter. […]