Lafarge Africa Plc revved up its 9-months earnings performance on account of its balance restructuring efforts, the company’s unaudited 9M-2020 results. On improve earnings results, the company stock jumped to …
Joe Agbro
- Business & Economy
Stanbic IBTC reflates profit, maintains strong prudential ratios
by Joe Agbroby Joe AgbroStanbic IBTC Holdings Plc market capitalisation was flattish at ₦488.665 billion on Monday after mixed third quarter earnings results. The results show that third quarter 2020 earnings was disappointing but …
- Business & EconomyEconomy
Nigeria’s PMI signals slow path to economic recovery
by Joe Agbroby Joe AgbroPath to economic recovery may be slowed down as the performance of the Nigerian economic sector remains in the wood. The October Purchasing Managers’ Index for the manufacturing sector stood …
- Business & Economy
Nigerian Breweries ₦20bn CP raise to increase debt finance to 48%
by Joe Agbroby Joe AgbroNIGERIAN Breweries Plc N20 billion commercial paper (CP) raise has been estimated to increase debt portion of its capital structure to 48%. In 2020, the leading brewer has been the …
- Business & EconomyEconomy
Unpriced Risks Rocked Seplat Plc.’s Earnings in 2020
by Joe Agbroby Joe AgbroEXTERNALLY driven unpriced risks are negatively impacting Seplat Petroleum Development Company’s earnings strongly in 2020 but a slew of analysts remain positive about the outlook. Sharp collapse in global price …
- Business & Economy
Profit jumps 49% as Flour Mills of Nigeria revved up performance
by Joe Agbroby Joe AgbroDESPITE pressure in the economy, Flour Mills of Nigeria Plc on Tuesday reported a revenue of ₦355.11 billion for the half year ended Sept. 30, 2020. Profit jumped more than …
- Business & EconomyMoney Market
FPI to stay sideway until CBN raise FX sales or devalue Naira –Tellimer
by Joe Agbroby Joe AgbroFOREIGN Portfolio Investments (FPI) will remain sideway until the Central Bank of Nigeria is able to ramp up intervention sales or devalue naira to market clearing level, says Tellimer, an …
- FEATURESTrendingUS ELECTIONS WATCH
Trump or Biden: Americans vote to elect 46th president
by Joe Agbroby Joe AgbroWHILE nearly 100 million Americans have already voted, election day voters will complete the election process to usher in the 46th president of the United States. The race, which is …