Equities Market The Nigerian Equity Bourse reversed from its previous week appreciation as the NSE ASI and Market capitalization both declined by 0.74% to 27,574.32 Index Points and N13,423.06 Tr. respectively. Year-to-Date ASI is still at a Negative of 27%. Volume, Value and No of Deals all appreciated by 64.05%, 10.87% and 46.64% to 271.237…
ECONOMY Nigeria’s Aggregate Trade Merchandise for Q2 increased by 4.4% Nigeria’s aggregate trade merchandise for the second quarter of 2019 stood at N8.603 Billion, which represent just a 4.4% quarter on quarter growth, while this represent a 24.2% growth on a yearly basis. The aggregate traded value for the period has 46.6% attributed to imports…
The country’s Consumer Price Index for the month of August decline to 11.02%, representing two month consecutive decline in the core inflation rate, while compared with the previous core inflation rate that stood at 11.08%, the inflation rate on month on month basis changed by 0.06 percent point lower. Read More
PZ CUSSONS 2019 FINANCIAL YEAR PERFORMANCE REVIEW Revenue: The firms revenue decline by 7.72% to ₦74.336 billion for its Full Financial Year report as at 31st May, 2019 as against ₦80.553 billion revenue uploaded for 2018 Financial year end, this decline in revenue was influenced by the decline of revenue from Home & Personal Care…
FIDELITY BANK 2019 HALF YEAR FINANCIAL PERFORMANCE REVIEW Gross Earnings: The Bank’s gross earnings for its half year report inched higher in double fold by 12.31% to N103.655Billion compared with the gross earnings of N92.295 Billion earned as at 30th June, 2018, this growth was driven by significant appreciation recorded on other operating income, as…
UNITED BANK FOR AFRICA 2019 HALF YEAR FINANCIAL PERFORMANCE REVIEW Gross Earnings: The Bank’s gross earnings as at 2019 half year report inched higher by 13.87% to N293.690Billion compared with the gross earnings of N257.918 Billion earned as at 30th June, 2018, this growth was driven by appreciation recorded on Interest Income, Fees & Commission…
