Nigeria Equity Market: Review and Outlook
The Nigeria equity market recovered some lost ground in the month of July-2020, as the NSE-ASI was up by 0.9% m/m to close at...
Jumia reports Q2 2020 results; Operating loss decreased by 44% year-over-year
Jumia Technologies AG announced today its financial results for the quarter ended June 30, 2020.
Results highlights
Usage growth
Annual Active Consumers reached 6.8 million,...
FCMB denies sending N573m to Prophet Omale
First City Monument Bank (FCMB) has clarified that there was no transfer of N573 million into the account of the general overseer of Divine...
FGN Bonds: DMO Offers N150 Billion for Subscription
The Central Bank of Nigeria on the authority of The Debt Management Office (DMO) on behalf of the Federal Government Of Nigeria Offers for...
President Buhari finalises Nigeria’s membership in African Trade Insurance Agency (ATI)
Membership in African Trade Insurance Agency (ATI) allows Nigeria to attract additional insurance capacity to help attract investments
Nigeria becomes a full member country at...
Lafarge Africa Plc. (WAPCO): Basking in Restructuring Gains
First Quarter Performance Overshadows Q2:2020 Slip
In the just-released H1:2020 financial scorecard, Lafarge Africa Plc. (WAPCO) recorded a topline growth of 2.25% (NGN120.54bn vs. NGN117.89bn...
SUNU Assurances reports 30% profit growth to N1.2billion
SUNU Assurances Nigeria Plc has increased its profit by 30%
It went up from N914 million in the 2018 financial year to N1.189 billion...
Dangote Cement & 16 others led NSE-ASI to sustain downtrend, sheds 0.58%
The Nigerian equity market today (Tuesday) closed on a negative note, shedding 0.58% to sustaining previous negative sentiment to two consecutive trading days, following profit-taking on...
The History, Present, and Future of Bitcoin’s Price
After seeing all the recent price movements for Bitcoin, you might be asking yourself, “Should I buy Bitcoin?” Let’s take a closer look at...
Nigeria’s Gross External Reserves: An Historical Perspective
The major objectives of external reserves management in Nigeria are ensuring the preservation of capital, providing adequate liquidity to meet unforeseen needs and ensure...
IFF earnings and sales decline in Q2; Increases Quarterly Dividend
International Flavors & Fragrances Inc. (IFF) reported financial results for the second quarter ended June 30, 2020.
Second Quarter 2020 Consolidated Financial Results
IFF reported...
Local Demand Returns Into The Bond Market As Yields Continue To Compress
The FGN bond market kicked off a new week on a very drab note but picking slightly towards the end of the session. Much...