Nigeria’s equities market on Monday defied analysts’ earlier expectation of negative outcome as investors buy interest in dividend paying stocks pushed the market higher by 0.19 percent or N107 billion. Stocks like Fidelity Bank, Ellah Lakes, and Livestock Feeds helped…
Stakeholders have emphasised the need for improved funding, capacity building, and a shift in mindset of Micro Small and Medium Enterprises (MSMEs) in the country. The stakeholders spoke as panellists at the ongoing 2024 National MSME Conference organised by the…
Fidelity announces N200.8bn pre-tax profit for period ending June 30, 2024 Fidelity Bank PLC has announced a pre-tax profit of N200.8 billion in its recently published financial statements for the period ending June 30, 2024. This represents a significant…
The Nigerian equities market recovered from previous losses on Friday as investors went home with a N262 billion profit at the close of the day’s trading. This followed a surge in the share prices of stocks like Seplat, ABCTRANS, and…
Savannah Energy PLC, a British independent energy company, has announced its unaudited half-year results for the period ending June 30, 2024, revealing a robust financial performance marked by a 3 percent increase in production in Nigeria. Total income surged by…
Nigeria’s equities market decreased further by N671 billion at the close of trading session on Thursday. The market’s negative close happened as investors sold mostly industrial and consumer goods stocks despite rally seen in oil & gas and insurance stocks.…
Flour Mills of Nigeria Plc plans to raise additional capital to the tune of N200 billion subject to approval of its shareholders. This was disclosed in a statement by the company’s secretary announcing the 64th Annual General Meeting (AGM). The…
The Nigerian equities market began the week positively on Monday September 30, 2024 as investors gained N57bn at the end of trading on the floor of the Nigerian Exchange Group (NGX). This followed a surge in the share prices of…
United Bank for Africa (UBA) Plc, Africa’s global bank, has announced a financial performance for the first half of 2024, reporting a 39.6 percent rise in gross earnings to N1.37 trillion. This growth is an increase from N981.77 billion recorded…
Investors in the Nigerian equities market enjoyed a profitable trading week raking in N121.07bn on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation rose to N56.78trn from N56.46trn the previous week. This follows a gain of N454.86bn…
