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MTN Nigeria issues N110 billion bond

Nigeria, May 6 -- Telco giant MTN Nigeria (MTNN) Communications Plc says it has completed the issuance of a N110 billion fixed rate bond due in 2028 under a N200 billion bond programme. It will help ... Read More


Bear run continues on losses by big-cap stocks

Nigeria, May 6 -- Nigerian stocks posted further loss on Thursday as the benchmark index tapered by 0.81 per cent as big-cap equities like MTNN and Dangote Cement contributed most to the slide. The i... Read More


Nigerian stocks deepen loss by N193 billion amid sell pressure on bank stocks

Nigeria, May 5 -- Nigerian stocks posted a further loss Wednesday, depreciating 0.92 per cent in a retreat led by bank stocks just as liquidity worsened by 18 per cent. Profit-taking in the shares of... Read More


Nigerian stocks slide after sell-offs in WAPCO, Zenith, MTN shares

Nigeria, May 4 -- Nigerian stocks retreated Tuesday, shedding 0.08 per cent as investors dumped shares, particularly those of WAPCO, Zenith and MTN for sale. The insurance index was worst hit by the ... Read More


Transcorp affirms commitment to expansion after Q1 profit rise

Nigeria, May 4 -- Transnational Corporation of Nigeria (Transcorp) Plc has said it will continue to pursue expansion in accordance with its mission to improve lives and transform Nigeria. The conglom... Read More


Guinness Nigeria appoints ex-Minister Omobola Johnson new board chair

Nigeria, April 30 -- Guinness Nigeria Plc has appointed Omobola Johnson, a former minister of communication and technology, chair of its board of directors. Ms Johnson, 57, replaces Babatunde Savage,... Read More


Access Bank's first quarter profit jumps 28% as asset hits N9.1 trillion

Nigeria, April 30 -- Access Bank's after-tax profit from January through March advanced 28.4 per cent to N52.6 billion, boosted by a moderate rise in gross earnings, the unaudited financial statements... Read More


First Bank shares in biggest fall in four months amid board shake-up, profit drop

Nigeria, April 30 -- FBN Holdings PLC, the parent company of Nigeria's oldest lender First Bank of Nigeria Limited, saw its share price fall by 6.76 per cent at Thursday's trading session in Lagos, th... Read More


Dangote Cement Q1 profit climbs to N90 billion on booming sales

Nigeria, April 30 -- Dangote Cement Plc Friday said its after-tax profit from January through March rose by almost half to N89.7 billion, compared to the same period of last year. Sales surged by mor... Read More


Nigerian stocks rebound on big-cap gains, impressive earnings reports

Nigeria, April 29 -- Nigerian stocks rebounded on Thursday with the benchmark index advancing 1.75 per cent, clawing backgrounds lost at the previous training session as big-cap equities including Dan... Read More