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JunStock market extends gains, closes higher by 0.50%
The Nigerian stock market on Monday closed on a positive note as the All Share Index grew by 0.50% to close at 51,962.85 points from the previous close of 51,705.61 points. The Market Capitalisation appreciated by 0.50% to close at N28.014 trillion from the previous close of N27.875 trillion, thereby […]
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JunFitch reaffirms Ecobank Nigeria’s stable outlook
Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch also affirmed the Bank’s Viability Rating (VR) at ‘b-‘ and National Long-Term Rating at ‘BBB (nga)’. The rating agency released this rating last week, stating that the Bank’s IDRs are[…]
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JunQ2 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[…]
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JunMarket 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[…]
