By Financescape Access Bank plc one of the leading Banks in Nigeria has released its Half-year Audited financial statement for the period ended June 30, 2019. The group’s gross earnings increased by 27% to N324.375 billion from N253.024 billion in the corresponding period in 2018. Net interest income increased by 81.90%% to N155.146 […]
By Financescape The Nigerian Stock Exchange announced the reclassification of Oando Plc from Medium-Priced Stock to Low-Priced Stock. The reclassification is effective on September 5, 2019. In the statement the Exchange said the reclassification is in compliance to Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Dealing Members’ Rules). […]
By Financescape The Company received a notification on 3 September 2019 of a transfer of 904,717 ordinary shares held directly by Austin Avuru, the CEO of the Company, to Professional Support Limited, an entity wholly controlled by Mr. Avuru. The above transaction has not resulted in a change in beneficial ownership, which […]
By Hamisu B.S. Oando PLC through its Upstream subsidiary Oando Energy Resources (OER) has announced that it’s Joint Venture has made a significant gas and condensate find in the deeper sequences of the Obiafu-Obrikom fields, in OML61, onshore Niger Delta. The NNPC/NAOC/OANDO joint venture is a venture in which NNPC holds 60%, […]
By Financescape Today September 5, 2019, The Nigeria Stock Exchange closed on a negative note, as All-share index dip by -0.17 to close at 27,252.09 basis point, Market capitalization closed at N13.257 trillion, Total of 133,343,668.00 Shares were traded in 2,561.00 deals valued at N2,399,234,390.14 Year-to-Date (YTD) returns currently stands at -13.30%. […]
By Financescape Activities on the Nigeria Stock Exchange closed on a negative note, as NSE All-share index dip by -0.97 to closed at 27,319.64 basis point, Market capitalization closed at N13.290 trillion, Total of 294,412,815.00 Shares were traded in 3,219.00 deals valued at N3,190,576,219.63. Year-to-Date (YTD) returns currently stands at -13.08%. Share […]
By Zedcrest Capital ***Nigeria’s GDP slows to 1.94% in Q2 2019, as non-oil sector contracts*** Eurobonds The NGERIA Sovereigns weakened further, as a decline in oil prices from the trade war escalation and possible increase in output by the OPEC+ weighed on sentiments during the session. The NGERIA corps were the […]
By Financescape Today September 3, 2019, The Nigeria Stock Exchange closed on a positive note, as All-share index increased by +0.08% to closed at 27,586.79 basis point, Market capitalization closed at N13.420 trillion, Total of 294,412,815.00 Shares were traded in 3,337.00 deals valued at N3,495,840,439.26. Year-to-Date (YTD) returns currently stands at -12.23%. […]
By Financescape The Boards of Directors of UAC of Nigeria Plc (“UAC”) and UACN Property Development Company Plc (“UPDC” or the “Company”) (collectively the “Boards”, individually the “Board”) informed The Nigerian Stock Exchange, their shareholders, and stakeholders that they are considering strategic initiatives involving a recapitalization and restructuring of UPDC. These initiatives are […]
By Financescape Access Bank Plc normally renders Audited Financial Statements Half Yearly which in line with the rules of The Exchange is expected to be published within 60 days from the end of the period. This complies with the post-listing requirements of the Nigerian Stock Exchange on the filing of Half Year Financial […]
By Financescape PZ Cussons Nigeria Plc. is engaged in manufacturing, marketing, sale, and distribution of a wide range of consumer products and home appliances which are leading brand names in Nigeria. The Group is also involved in the distribution of products of Nutricima ltd. Harefield Industrial Nigeria ltd, PZ Wilmar food ltd. […]
By Zedcrest ***Nigeria Fears Fiscal Crisis as Debts Take Big Pie of Revenues*** KEY INDICATORS Bonds The FGN Bond market traded on relatively quiet note, but yields moderated further by c.2bps, owing to slight demand interests still on some short and mid tenured bonds. We expect yields to remain relatively stable […]
