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Markets

OPEC+ Extends Oil Cuts in Boost For Nigeria

OPEC+ agreed to a one-month extension of its record output cuts and adopted a stricter approach to ensuring members don’t break their production pledges. The...

Strong U.S. jobs data, OPEC+ optimism may see oil Jump to $50

America’s strong labor market which defied forecasts for a Depression-style surge in unemployment by rebounding in May, and optimism about potential OPEC+ members extending...

Dividend Heavyweights Battle: MTN Nigeria vs. GTB

MTN Nigeria (MTNN) and Guaranty Trust Bank (GTB) are two of the most blue chip stocks listed on the Nigerian Stock Exchange (NSE), so...

Banks Dominate Company Profits as Largest Firms see Growth Slow

Combined profit of the 30 most capitalized and liquid firms on the bourse otherwise known as the Nigerian Stock Exchange NSE -30, fell by...

FBN Holdings Completes Divestment of Insurance arm to Sanlam

The Boards of Directors of FBN Holdings Plc and Sanlam Emerging Markets (Proprietary) Limited (Sanlam) have announced the completion of the sale and transfer...

Dangote Cement Director Purchases 1 million shares

Devakumar Edwin a Director in Dangote Cement Plc has just purchased 1 million shares, according to a filing on the Nigerian Stock Exchange (NSE). Edwin...

Stocks Track Oil Higher as Investors buy Blue Chips

Plot a chart of Oil prices against the Nigerian Stocks over the past month and they are almost perfectly correlated. Nigeria's benchmark index the (NSE)...

NAHCO to pay N0.30 dividends to shareholders

The Nigerian Aviation Handling Company Plc (NAHCO) has announced a Final Dividend of N0.30 per ordinary share, subject to appropriate withholding tax and approval,...

U.K. Eke adds to FBN Holdings position with new N85m bet

Investors in the market need to watch what insiders are doing and there is no clearer picture about the direction of FBN Holdings (owners...

NSE Set for Correction After Rallying 10% in a Month

The Nigerian Stock Exchange (NSE) all share index is up 10.7 percent in a month with some individual names in the banking sector up...

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