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Samuel Obayomi

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Nigeria’s Consumer Price Index for August 2019, decline to 11.02%

Economy HighlightsBy Samuel ObayomiSeptember 17, 2019

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 FINANCIAL YEAR PAT DEEP BY 40.07% TO N1.156 Billion

Daily Market ReportBy Samuel ObayomiSeptember 6, 2019

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 PAT GROWS BY 15.55% to N13.685 Billion

Earnings UpdateBy Samuel ObayomiSeptember 6, 2019

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…

UBA-HALF-YEAR-2019-PAT-GROWS-BY-29.56%-TO-N56.739Billion

Earnings UpdateBy Samuel ObayomiSeptember 6, 2019

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…

STANBIC HALF YEAR 2019 PAT DEEP BY 15.87% TO N36.245B

Earnings UpdateBy Samuel ObayomiAugust 30, 2019

FINANCIAL PERFORMANCE -REVIEW   Gross Earnings: The Bank’s gross earnings for its half year report inched higher marginal by 2.77% to N117.374Billion compared with the gross earnings of N114.207 Billion earned as at 30th June, 2018, this growth was as a result of significant appreciation recorded on Trading Revenue and Other Revenue, as they both…

FORTE OIL: TAKE-OVER OFFER OF UP TO 500,000 ORDINARY SHARES OF 50KOBO EACH AT N66.25

Market NewsBy Samuel ObayomiAugust 29, 2019

Forte Oil Plc through its Core Investor, Ignite Investments and Commodities Ltd makes a mandatory take-over offer of 500,000 (five hundred thousand) ordinary shares representing 0.04% equity stake to existing shareholders of Forte Oil Plc at N66.25.   Shareholders who wish to accept the offer to sell part or all of their holdings in Forte…

FCSL DAILY MARKET REPORT FOR 23RD AUGUST, 2019

Daily Market ReportBy Samuel ObayomiAugust 23, 2019

Equities Market The Nigerian equity Bourse positive movement continued, however at a slower stride as NSE ASI and Market capitalization both increased by 0.62% to 27,800.17Index Points and N13,524.48Tr respectively. Year-to-Date ASI is still at a Negative of 55%. Volume and Deals both increased by 24.58% and 6.39% to 339.617Volume and 3,643Deals respectively, while No…

GUARANTY TRUST BANK 2019 HALF YEAR PAT GROWS BY 3.72%

Earnings UpdateBy Samuel ObayomiAugust 23, 2019

Gross Earnings: The Bank’s gross earnings for its half year report, recorded a decline of 2.06% for the period under review, which was N221.977Billion as at June, 2019 against N226.641Billion as at June 2018, factors influencing this decline was as a result of decrease recorded in the Bank’s Interest income that decline by 7.96%, as…

ZENITH BANK 2019 HALF YEAR PAT GROWS BY 8.74%

Earnings UpdateBy Samuel ObayomiAugust 23, 2019

FINANCIAL PERFORMANCE -REVIEW Gross Earnings: The Bank’s gross earnings for its half year report inched higher by 2.91%, which was N331.586Billion as at June, 2019 against N322.201Billion as at June 2018, factors that contributed to this marginal appreciation were other income that inched higher by 23.86%, which consist of; net income on fees and commission…

FCSL DAILY MARKET REPORT AS AT 21ST AUGUST, 2019

Daily Market ReportBy Samuel ObayomiAugust 22, 2019

Equities Market The Nigerian equity Bourse closed on a positive note as NSE ASI and Market capitalization both increased by 1.09% and 0.92% to 27,352.94 Index Points and N13,306.91Tr respectively. Year-to-Date ASI is still at a Negative of 97%. Volume and Value both increased by 73.63% and 39.54% to 363.973 Volume, and 4,515.79B respectively. While…

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