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CATEGORY

Markets

Stanbic H1 Net Income up 25% on Cost Cuts, Declares N0.40 Dividend

Stanbic IBTC Holdings has just released Half Year (H1) 2020 results showing Net Income rose by 25 percent to N45.2 billion on cost cuts...

Naira Appreciates to N440 in Parallel Market as Speculators Sell

The Nigerian currency the Naira has appreciated to N440 per dollar in the parallel or black market as speculators hoarding dollars sold ahead of...

BUA Group, Axens of France Sign Agreement on 200,000bpd Integrated Refinery, Petrochemical Plant

BUA Group, one of Africa’s leading Foods, Mining, and Infrastructure Conglomerates has signed an agreement with Axens of France for the supply of process...

UBA Declares N0.17k Dividend as H1 Income Rises to N64bn on FX Gains

United Bank for Africa (UBA) has released Half year 2020 Group results showing a 3.3 percent increase in total comprehensive income for the period...

Bank Stocks Set to Lead Equities Higher in September

Bank stocks are set to lead the Nigerian equity market higher for the second successive month in August as analysts expect the growth momentum...

Dangote Cement N50bn Commercial Paper Offer Now Open

The Dangote Cement Series 17 and 18 Commercial Paper issuance set to raise N50 billion is now open and scheduled to close on Thursday, 03 September 2020. The new series...

NewGold ETF up 71% YTD as Gold Nears $2,000 After Dollar Drop

The NewGold Exchange Traded Fund (ETF) has returned 71 percent year to date as investors pile into a chance to get exposure to soaring...

Investors Should Prepare for Rising Odds of Trump Win – JPMorgan

Investors should position for the rising odds of President Donald Trump winning re-election, according to JPMorgan Chase & Co. Betting odds that earlier had Trump well...

Naira Appreciates by N12 as Speculators Lose on CBN Dollar Sales  

The Nigerian Naira appreciated by over N12 per dollar on Monday as speculators who were long the greenback lost as the Central Bank of...

UBA, Stanbic IBTC Explains Delay in Releasing Half Year Results 

Two major Nigerian banks UBA and Stanbic IBTC, whose half year 2020 audited results are being expected by the markets have explained why the...

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