28

Jun

Stock 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 adding N77 billion. An aggregate of 266.5 […]

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27

Jun

Fitch 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 driven by its standalone creditworthiness, as expressed[…]

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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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