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Nigeria Naira Assets: …still a corporate issuers’ game

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The spread of the COVID-19 disease across the world triggered unanticipated global financial market volatility and Nigeria was not left out. FPIs and local...

Nigerian Breweries H1’20 – Revenue strain persists amid pandemic pressures

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Severe revenue drop tames H1 performance Nigerian Breweries recently released its Q2’20 results, reporting a 17.5% q/q slump in topline to ₦68.7 billion. Despite a...

Special CRR Debit by Central Bank of Nigeria Gulps a Larger Chunk of the...

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FGN Bonds The FGN bond market opened the week on a very calm note with improved offers emerging across the benchmark curve, except on the...
Insider Dealing Zenith Bank Sells 578,574 Shares Brandspurng

Insider Dealing: Zenith Bank Sells 578,574 Shares

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The Zenith Bank Plc, Nigeria’s leading financial institution, on Monday, disclosed insider dealings of 578,574 shares acquired by one of its Non-Executive Directors, Professor...
Custodian Investment Plc Signs Binding Agreement with UAC To Purchase 51% Of UPDC

Custodian Investment Signs Binding Agreement with UAC To Purchase 51% Of UPDC

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The board of directors of Custodian Investment PLC is pleased to announce that a binding agreement has been signed with UAC of Nigeria PLC...
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Nigeria’s COVID-19 Induced Foreign Trade Decline

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Nigeria’s total merchandise trade stood at N8.30 trillion in Q1’20 (equivalent to c.23% of nominal GDP during the same period) with total import printing...
Flour Mills of Nigeria PLC Finishes Strong With A Record 184% Growth In After-Tax Profit

Flour Mills of Nigeria Plc Finishes Strong With A Record 184% Growth In After-Tax...

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Flour Mills of Nigeria Plc (referred to as “Flour Mills “or “FMN”), Nigeria's leading integrated food business and agro-allied Group, today announced its audited...
BUA Cement Plc Posts Impressive H1 2020 Results, Revenue Increases by 12.7%

BUA Cement Plc Posts Impressive H1 2020 Results, Revenue Increases by 12.7%

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One of Africa's largest cement producers, BUA Cement, has announced an impressive 2020 half-year results declaring revenues of N101.3billion and a Profit After Tax...

Seplat Announces the Retirement of its Chief Executive Officer, Austin Avuru

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Further to the announcement made on November 18, 2019, Seplat Petroleum Development Company Plc confirms that Mr. Austin Avuru has retired as the CEO...

Nigerian Economic and Financial Markets | H1:2020 Review and H2:2020 Outlook

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Opportunity in a Crisis? In our 2020 Economic & Financial Markets Outlook, we noted that the second term of President Muhammadu Buhari began with fiscal...
Afrinvest Stock Recommendation for the Week August 3, 2020

Afrinvest Stock Recommendation for the Week August 3, 2020

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A summary of the economic and market happenings within the week and stock recommendation within Afrinvest's coverage. Last week, the domestic equities market closed positive...
FBN Holdings Injects ₦25Billion Into Firstbank

FBN Holdings Injects ₦25Billion Into Firstbank

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FBN Holdings Plc (“FBNH” or “the Company”), has announced the injection of 25billion Naira equity capital into its commercial banking subsidiary, First Bank of...