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Wednesday, February 1, 2023
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CATEGORY

Markets

U.S. Unemployment Rate Drops Unexpectedly to 8.4%

The U.S. labor-market rebound extended for a fourth month in August, with the unemployment rate falling faster than expected, offering hope that the economy...

Fidelity Bank Profits up 33% to N11.3bn in Half Year, 2020

Fidelity Bank has reported Half Year results showing a 33 percent growth in the bottom-line to N11.3 billion even as revenues came in flat. Gross...

Zenith Bank Profits Surge 16% to N103bn, Declares N0.30 Dividend

Zenith Bank Profits Surge 16% to N103bn, Declares N0.30 Dividend Zenith Bank profits surged by 16 percent to N103 billion in the Half Year (H1)...

AIICO Insurance is Largest Listed Company by Premium Income  

AIICO Insurance Plc is the largest listed insurer by premium income in Nigeria but spiraling change in life and annuity costs led to a...

GTB Maintains N0.30 Interim Dividend Level as Profit Slides 5%

Guaranty Trust Bank (GTB) will pay an interim dividend of N0.30 per share the same level as it did last year even as Half...

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...

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