Nigerian Market News

• Africa Prudential half-year profit drops to N827.6m July 23, 2021
  Africa Prudential Plc on Friday July 23 released its Unaudited Financial Statements (UFS) for the half-year (H1) ended June 30, 21. Highlights of the financials at the Nigerian Exchange Limited (NGX) show that the company’s gross revenue decreased by 10.95percent to N1.67billion in H1’2021, from a high of N1.87billion in H1’2020. Its profit before finance […]
• Equities end holiday-shortened week with N375bn gain July 23, 2021
  The Nigerian equities market ended the week’s trading session in the green, gaining about N375billion. Investors traded for only three days in the review week to Friday, July 23. The market had closed for two days (Tuesday and Wednesday) as Muslim faithful and Nigerians marked this year’s Eid-el-Kabir celebration. Thanks to investors who showed interest […]
• NGX to host institutional client engagement session July 23, 2021
    Nigerian Exchange Limited (NGX) will on Monday, July 26 host the first of its Institutional Client Engagement Series. The virtual event will be hosted by the Chief Executive Officer, NGX, Temi Popoola and is open to potential and existing investors who wish to engage on topical issues relating to investment exposure in the Nigerian […]
• Total, Oando, Dangote Cement, others drive equity market’s N330bn gain July 22, 2021
  Nigeria’s equities market reached new high on Thursday July 22 as investors who returned from a two-day public holiday saw re-entry opportunity to increase their returns in value stocks. Of investors’ topmost interest on Thursday were shares of Total Nigeria Plc, Oando Plc and Dangote Cement Plc. These stocks and seventeen (17) others pushed listed […]
• FTN Cocoa to seek shareholders’ approval for N1.4bn capital raise July 22, 2021
  Shareholders of FTN Cocoa Processors Plc will meet on Wednesday August 11, 2021 for the company’s Extra-Ordinary General Meeting (EGM). At the meeting which holds in Lagos, the shareholders are expected to consider, approve with or without modification, some resolutions which include for the board of directors of the Company to obtain the approval of […]
• Residential real estate in Ghana offers investors more opportunities, here’s why July 22, 2021
  Like Nigeria, the residential real estate submarket in Ghana is upbeat, commanding significant demand, especially for well-built low-rise buildings. It offers investors more opportunities with sustained tenancies and rents than other segments. Like Nigeria too, the submarket has continued on its growth path evidenced in the continuous supply of new residential units and moderation in […]
• African Alliance says not filing Q2 result before regulatory due date July 21, 2021
  African Alliance Insurance Plc has notified its esteemed shareholders and other stakeholders that the Company’s Unaudited Financial Statements (UFS) for the period ended June 30, 2021, will not be filed before the regulatory due date of July 30, 2021. “This delay is occasioned by the fact that the Company is yet to file its Audited […]
• X-raying potential benefits of Central Bank digital currency July 21, 2021
  Ahead of the planned rollout of digital currency before the end of the year by the Central Bank of Nigeria (CBN), it is important to look at the potential benefits to the economy. The mandate of the Central Bank is derived from the 1958 Act of Parliament, as amended in 1991, 1993,1997,1998,1999 and 2007. Consequently, […]
• How brands kept share of consumers’ mind, pockets in the pandemic July 20, 2021
  When the federal government of Nigeria declared a lockdown in March 2020 at the onset of the pandemic, retailers like Chuks Ogadinma had a premonition that it could be the last time his shop would be opening for business. How would he feed his young family of four if there was no one coming to […]
• Naira loses 0.31% against dollar at official market July 19, 2021
  Nigeria’s currency on Monday lost 0.31 percent to the dollar at the official market despite increased liquidity. The foreign exchange daily market turnover on Monday rose by 44.30 percent to $168.19 million from $116.55 million recorded on Friday, according to the data from the FMDQ. Consequently, the naira/exchange rate closed at N411.67k on Monday as […]