Get all the latest information on businesses and companies in Nigerian Stock Exchange.
Here analysis of the Nigerian Stock Exchange for last week by Zenith Securities, FSDH Securities, and BGL Securities.
A turnover of 3.4 billion shares worth N40.83 billion in 71,899 deals was recorded this week, in contrast to a total of 5.8 billion shares valued at N42.12 billion exchanged last week in 88,146 deals. There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors. The Insurance [...]
Below are the stock picks and market analysis from Express Discount and Lead Capital.
Lead Capital’s picks are Dangote Sugar, Zenith Bank and RT Briscoe. Express Discount picks are Diamond Bank, FCMB, Zenith Bank, Dangote Sugar, WAPCO, Law Union & Rock Insurance, Mutual Benefits, Custodian and Allied Insurance, Oceanic, Platinum, and IBTC.
In: company results
16 Jul 2008Results for Nascon PLC, Stanbic IBTC Bank, Eterna Oil PLC, and NEM Insurance: NASCON PLC HALF-YEAR RESULT ENDED 30/06/08 2008 2007 TURNOVER N3.60B N2.33B PBT N803.59M N645.0M TAX (N160.7M) (N129.0M) PAT N642.87M N516.0M STANBIC IBTC BANK PLC AUDITED ACCOUNT ENDED 31/12/07 2007 TURNOVER N28.85B PBT N10.99B TAX (N3.14B) PAT N7.84B DIV – 30K C/DATE 17/07/08 [...]
I came across this post by superstar1 on Nairaland.com. It describes the working conditions and the pay for the top banks in Nigeria. i am working in one of the banks, my bank is not in the top five yet but in the top ten. do not be deceived wit all those paper pays and [...]
In: Market Analysis|News
15 Jul 2008Nigerian banks have been fairing well of recent. Oceanic Bank, UBA and GT Bank were among the banks that the most significant rises in the last year. Oceanic Bank leaped 565 places to now be ranked the 310th top bank in the world while UBA, GT Bank and Access Bank are ranked 392nd, 369th and [...]
Here are the analysis of the results for GT Bank, Flour Mills, and Unilever for their last quarters.
In: News
14 Jul 2008Business Day Online is reporting that Dunlop Nigeria, after 45 years of tyre production Nigeria, will be closing its N8billion tire plant due to the persistent power cuts that has more than trippled the cost of production and reduced the company’s ability to make a profit. … Dunlop plc, the nation’s only surviving tyre manufacturer [...]
Chevron declared a loss of over N190m which was attributed to the strike earlier in the year. Profits for First Bank, AIICO, Skye Bank and Oceanic Bank increased 80% (to N36b), 387% (to N401m), 235% (to N10.87b) and 145% (to N33.6b) respectively. Profits for Access Bank reduced 1% to N15.85b.
Here are the weekly stock reports from Zenith Securities, BGL Securities, and FSDH. There is also the weekly stock recommendation from Zenith.
Major stock market indicators experienced continuous free-fall all through the week save on Thursday. The bearish state of activities resulted in a shed in the weight of the NSE ASI index by 1.43% to close at 54,662.06 points while total Market Capitalization of the 223 listed equities depreciated by 0.23% compared with previous weeks’ figure to stand at N10.85 trillion.
This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!