27

Jun

Q2 2022 Earnings Forecast for Insurance Firms

The Second Quarter of the year in a matter of days will be over; and at that Q2 earnings of listed firms should start hitting the market from the second week of July. In the past two editions, we did Q2 earnings forecast for the Banking sector and the Manufacturing sector. Our Q2 2022 earnings forecast for […]

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27

Jun

Market returns -0.14% WtD amidst profit taking

The Nigerian stock market declined last week as Dangote Cement, Airtel Africa, BUA Cement, Presco and other 52 stocks shed weights. The All Share Index and Market capitalization declined by 0.14% to settle at 51,705.61 and N27.875 trillion respectively. An aggregate of 1.12 billion units of shares were traded in 22,349 deals, valued at N13.7 billion. The[…]

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27

Jun

Pension assets grew by 1.13% to N14.19tn in May

Recent data released by the National Pension Commission (PenCom) on pension funds industry portfolio for the period ended 31 May 2022 revealed that the total assets under the Contributory Pension Scheme rose to N14.19 trillion in May 2022. This translates to 1.13% growth from N14.04 trillion reported in April 2022. The figures showed that N8.8 trillion of[…]

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