CAPITAL MARKET

  Eyes N35bn new capital in second half Sterling Bank Plc showed steadiness and improved the intrinsic fundamentals of its businesses in the first half of this year as the Nigerian economy and the banking industry struggled with fiscal and monetary challenges that saw inflation and foreign exchange at their...

First City Monument Bank Group (FCMB) Plc has announced an impressive unaudited result and accounts for Half year (H1) ended June 30, 2016 with 89 per cent increase in Profit After Tax (PAT). The group reported that its PAT moved to N15.7 billion in H1 2016 from N8.3 billion in...

Market transactions on the Nigerian Stock Exchange (NSE) closed the week on negative note as investors recorded a loss of N2 billion as the Market Capitalisation closed the week at N9.631 trillion as against N9.633 trillion on Thursday even the All-Share Index closed on Friday at 28,042.99 from 28,046.96 on...

With decline in revenue and foreign exchange losses, Seplat Petroleum Development Company Plc, has announced a N12.8 billion loss for the half year (H1 2016) ended June 30, 2016 unaudited  results. The indigenous oil and Gas Company listed on both the Nigerian Stock Exchange and London Stock Exchange, had reported...

The National Insurance Commission (NAICOM) has approved the 2015 financial statements of 42 out of 44 insurance companies that have so far submitted their accounts for approval, Business247 News Online learnt today. While few of the firms whose accounts were approved had already done their Annual General Meetings, AGMs, others...

Zenith Bank Plc has joined Guaranty Trust Bank Plc and Access Bank Plc to delay half year ended June 30, 2016 result and accounts. The lender in a statement signed by company secretary, Michael Otu, to The Nigerian Stock Exchange (NSE) said, “in compliance with the post listing requirements of...

    Bank’s borrowing hits N164bn in six months Share price fell by 4.2% to N1.6 Diamond Bank Plc released its half year (H1 2016) performance showcasing weaker growth in key financial parameters that include profit before tax that dropped by 26 per cent. The group’s profit before tax moved...

Following the unstable foreign exchange situation in the country, Dangote Cement Plc has announced a decline of 15 per cent in profit for the half-year period of 2016. The cement manufacturing company in its unaudited financial statement for the half year (H1) ended June 30, 2016 reported that its profit...

Investors on the Nigerian Stock Exchange (NSE) traded 270.722 million shares valued at N2.247 billion in 4,609 deals on Thursday. Market capitalisation of the market closed at N9.633 trillion and the All-Share Index  at 28,046.96 basis points as against N9.687 trillion and 28,205.62 basis points respectively on Wednesday, translating to...

Investors in equities on the Nigerian Stock Exchange (NSE) managed a gain of N9 billion on Wednesday as against huge gains of N108 billion they made on Tuesday. The Market Capitalisation of the Exchange which closed at N9.597 trillion on Wednesday and All-Share Index at 27,945.02 basis points rose to...