Exxon Mobil Corp. (NYSE:XOM) reported better-than-expected first-quarter earnings on April 30, extending the streak of earnings surprises to three quarters. The company benefited from higher oil prices and cost-cutting measures, reporting adjusted earnings per share of 65 cents, which was above the FactSet consensus estimate of 60 cents per share. Total costs declined as well, […]
Company Logo Shares of Exxon Mobil Corp. XOM, +0.95% inched 0.63% higher to $59.19 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 0.06% to 34,133.03 and the S&P 500 Index SPX, +0.82% falling 0.67% to 4,164.66. This was the […]
Nigerian stocks posted further loss on Thursday as the benchmark index tapered by 0.81 per cent as big-cap equities like MTNN and Dangote Cement contributed most to the slide. The industrial index, the only one to fall of the five sectorial indices tracked by the bourse, dipped 1.19 per cent on account of depreciation recorded […]
Provisions for loan losses grew exponentially in the period ended December 2020, increasing by Shs149.1b, according to financial results released by different commercial banks. This was the highest growth in over years, signaling a difficult period for the banking sector and borrowers, whose capacity to repay loans was highly impacted by Covid-19. According to data […]
Nigeria’s naira gained significantly against the U.S. dollar at the unofficial market on Thursday, data posted on abokiFX.com , a website that collates parallel market rates in Lagos showed. The data posted showed that the naira closed at N485.00 at the black market, this represents a N1.00 or 0.21 per cent appreciation from N486, the […]
Nigerian stocks climbed for the fifth straight session on Thursday, this time by as little as 0.01 per cent, aided by modest gains recorded by PZ Cussons, UACN and UBA, with liquidity easing by 5 per cent. Also backing gains, the oil and gas index was up 0.21 per cent to close at 265.65 points, […]
LISTED microfinance bank, GetBucks has been granted an Authorised Dealership Licence enabling the entity to fully participate in the international banking segment. Presenting the financial performance for the full year ended December 31 2021, the group’s chairman, Rungano Mbire described the development as exciting. "The Microfinance Bank was granted an Authorised Dealership Licence and can […]
[FILES] Nigerian Stock Exchange (NSE). PHOTO: BLOOMBERG Despite improved numbers in 2020 full year result churned out by quoted companies, sentiments remained weak in the equities market, as losses recorded in the shares of most highly capitalised stocks, especially Dangote cement, BUA cement and MTN Nigeria pulled the All Share lndex (ASI) by 0.69 per […]
Goddy Egene The stock market rebounded last week after seven consecutive weeks of depreciation as investors responded positively to the dividends declared by Dangote Cement Plc and Stanbic IBTC Holdings Plc. The market had depreciated for six weeks due to weak investors’ sentiments. However, respite came last week as the Nigerian Stock Exchange (NSE) All-Share […]
Pulse Nigeria Specifically, the All-Share Index declined by 221.98 points or 0.57 per cent to close at 39,045.13, compared with 39,267.11 posted on Tuesday. Also, the market capitalisation dropped by N116 billion, closing at N20.428 trillion, from N20.544 trillion. The market loss was driven by price depreciation in large and medium capitalised stocks, amongst which […]
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