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Lafarge a Buy as Profits Jump 158% on Lower Finance Costs, SA Exit

MoneyCentral considers Lafarge Africa a buy at these levels, after reporting a 158 percent increase in after-tax profits in the Half Year period (Jan-Jun)...

Airtel Africa Generates Cash From Core Activities as Operating Profit Spikes

Airtel Africa Plc is making enough money from its ongoing operations to pay for its various costs as an uptick in revenue added impetus...

NSIA, Military Receive $941 million in Nigeria’s Excess Crude Bonanza

In the 18-month time period between July 2018 and December 2019 a total of $1.54 billion flowed into Nigeria’s Excess Crude Account (ECA). In the...

Subsidy Removal May Trigger Rally in Total, MRS, Conoil Shares

This could be the time to buy the stocks of downstream oil and gas firms as the adoption of a market –based price regime...

Unilever Books First Loss in 5 Years as Coronavirus Hits Sales

Unilever Nigeria Plc slid to a N519.33 million loss in the second quarter after sales fell because of restriction on credit sales and loss...

What to Watch as Banks Unveil Q2 Earnings

Nigerian Banks will any moment from now begin to unveil second quarter (Q2), 2020 earnings and investors will be keen to dissect the numbers...

Emefiele Vindicated as IMF says Currency Devaluation Gains Limited

Nigeria’s Central Bank Governor Godwin Emefiele will be vindicated by new research by the International Monetary Fund (IMF), which suggests that the prevalence of...

Lagos 3rd Mainland Bridge Closure to Take Massive Toll On Businesses, Economy

Lagos residents may be in for more hard times, as they gear up for the proposed 6-month long closure of the 3rd mainland bridge...

AIICO, AXAMansard, NEM Lift Insurers’ Premium Income 16 % in Q1

AIICO Insurance, AXAMansard Insurance, NEM Insurance Plc, and Mutual Benefit Assurance Plc have helped to lift listed insurers premium income in the first quarter...

MTN Nigeria Eclipses Dangote, Regains Position as Nigeria’s Largest Listed Firm

In a confirmation of the coronavirus social distancing economy where Technology firms are set to outperform industrial and other real sector firms, MTN Nigeria...

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