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Markets
Transcorp Hotels reports Q1 loss on higher admin expenses, finance costs
Transcorp Hotels Plc, on Friday reported first quarter 2020 results showing a loss after tax position of N686 million as a result of higher...
FBN Quest lists N5bn bond on NSE
FBN Quest has listed its N5,000,000,000 Series 1; 10.50% Fixed Rate Senior Unsecured Bonds due 2023, under the N50,000,000,000 Bond Issuance Program were on...
NSE value traded down 46% this week as investors take profits
A total turnover of 926.418 million shares worth N9.768 billion in 20,910 deals were traded this week by investors on the floor of the...
Pollution Causes death of Fish in Nigeria
Nigeria’s oil-spill response agency said thousands of dead fish that recently washed up on its Atlantic shores were probably killed by pollution from heavy...
Saudi Arabia’s SWF Buys stakes in Boeing, Citi, Disney as valuations fall
Saudi Arabia’s sovereign wealth fund in a regulatory filing Friday, disclosed an $827.8 million stake in BP Plc, a $713.7 million investment in Boeing...
MTN Cuts Spending to Preserve Cash amid Pandemic
MTN Group Ltd., reduced spending plans for the full year to focus on preserving cash and maintaining networks as Africa’s biggest wireless carrier by...
Nigerian Stocks sustain uptrend on large cap gains
Nigerian Stocks on Thursday sustained previous day’s rally, following price appreciation in some large cap stocks.
Consequently, the market breadth closed positively, recording 18 gainers...
United Capital engages PWC as external auditors, to pay 50k dividend
At the 2020 Annual General Meeting of United Capital Plc held virtually on April 28, 2020, the Audited Financial Statement for the year ended...
NSE halts downward trend, gains 0.06%
Nigerian Stock Exchange (NSE) on Wednesday halted the three days negative sentiment as the investors’ wealth increased by N7.06 billion.
This was driven by buy...
FBN Holdings insider purchases 470,000 shares in bullish bet
A Non-Executive Director in Tier-one lender FBN Holdings (FBNH) has just purchased 470,000 shares in the bank valued at N2.3 million.
Otunba (Mrs) Osibogun Bosede...