AG Leventis records N564m loss in Q3, 2018

AG Leventis (Nigeria) Plc posted a loss after tax of N574.360 million for the nine months ended September 30, 2018 as against a loss after tax of N1.065 billion reported in 2017. According to a report from the Nigerian Stock Exchange (NSE), the group also reported pre-tax loss of N844.647 million during the period under […]

Access Bank reaffirms support for African creativity

In line with Access Bank‘s commitment to promoting the best of Africa using vehicles like arts, music, sports and fashion, it has partnered with Art X in Lagos to bring the third edition of West Africa’s first international art fair to life. The bank has been a partner of Art X Lagos since its debut […]

Stock market begins week with 0.2% growth (6/11/18)

The Nigerian Stock Exchange (NSE) opened the trading week on a positive note as bargain hunting in banking stocks drove the All Share Index (ASI) 0.2 percent higher Monday. Specifically, bargain hunting in banking stocks such as Zenith Bank Wit 0.9 percent, FBNH (+1.7%) and STANBIC (+1.1%) drove the positive performance as the ASI settled […]

NSE suspends Unity Bank, five others from trading

The Nigerian Stock Exchange (NSE) has announced the suspension from active trading shares of five quoted companies. The affected companies are, Unity Bank Plc, Fortis Microfinance Bank Plc, Thomas Wyatt Nigeria Plc, Multi-Trex Integrated Foods Plc, Golden Guinea Breweries Plc and Deap Capital Management & Trust Plc. According the NSE, the decision to suspend trading […]

Oando reports N10.4bn profit in Q3, 2018

Leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, Oando Plc, has reported an increase in its turnover by 32 percent in the nine-month period ended September 30, this year In its audited financial report submitted to the Nigerian Stock Exchange (NSE), the company increased its turnover to N505.1 billion from […]

Index sustains loss streak, market closes 1.42% lower

Trading on the floor of the Nigerian Stock Exchange (NSE) on Thursday closed in red as the All Share Index (ASI) declined further by 1.42 percent to close at 32,006.65 points as against the previous close of 32,466.27 points on Wednesday. Market capitalisation dropped by 1.42 percent, closing at N11.685 trillion from the previous close […]

N14.38bn contribution recovered from defaulting employers – PenCom

The National Pension Commission (PenCom) said it had recovered N14.38 billion, comprising principal contribution of N7.48 billion and penalty of N6.96 billion outstanding pension contributions from defaulting employers since it engaged the services of recovery agents. The pension regulator disclosed the recovery in its second quarter 2018 report, adding that it has maintained the services […]

Again, bears regain hold as market dips 0.08% (30/10/18)

Trading activities on the floor of the Nigerian Stock Exchange closed negative on Tuesday, as the All Share Index declined 0.08 percent from 33,196.07 points on Monday to close at 33,167.88 points. Market capitalization dipped by 0.08 percent closing at N12.109 trillion as against the N12.119 trillion grossed on Monday, shedding about N10 billion. However, […]

Stanbic IBTC reports N22.08bn PAT growth in Q3

Stanbic IBTC Holdings has reported a growth of about N22.08 billion growth in its Profit After Tax (PAT) year-on-year in the third quarter of the current financial year, amongst other positive indices in its financials. Specifically, the bank in its 2018 third quarter financial report made public on Monday, indicated that its PAT rose to […]

Equity market gains 0.88% on bulllish take off (29/10/18)

Nigeria’s equity market opened on a promising note for investors on Monday, gaining 0.88 percent in value. Specifically, the bourse gained 288.74 points or N105 billion to see the all share index (ASI) rising to 33,196.07 points while market capitalization grew to N12.119 trillion at the close of the day’s trading. Although a cross section […]