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Tuesday, August 4, 2020

Earnings Report: Nigerian Breweries Plc reports the largest revenue decline

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MON, AUG 3 2020-theG&BJournal- Nigerian Breweries Plc, the largest brewer in the country, reported  21.0% y/y (H1-20: -10.8% y/y) in Q2 Gross revenue decline,...

Shoprite to sell its majority stake and exit Nigerian market

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MON, AUG 3 2020-theG&BJournal-Shoprite, Africa’s biggest grocery retailer, has started process to consider the sale of their stake in Nigerian business-Retail Supermarkets Nigeria Limited-...
NSE

Weekly Markets Wrap: Stocks end week positive, treasury yields contract 41bps to 4.2%, FX...

WED, JULY 29 2020-theG&BJournal-With negative expectations already priced in, earnings did better than expected, spurring investor interest across Cement and Tier I bank stocks...

Sterling Bank leads with lending, investing and credit rating features on WhatsApp with Clickatell’s...

…Customers can now initiate bank transfers, and airtime and bill payments, check balance and BVN enquiries, as well as statement generation directly on WhatsApp...

Markets Wrap: Stocks fall after Monday’s gain as investors sell-off large caps, Bonds return...

TUE, JULY 28 2020-theG&BJournal- The Nigerian Stock Exchange (NSE) All-Share Index declined 0.54% to close Tuesday at 24,650.16 points, as a slew of companies...

Tizeti upgrades core network infrastructure capacity to 100Gbps

…This upgrade will provide additional capacity to support Tizeti's services as well as future upgrades LAGOS, Nigeria, TUE, JULY 28 2020-theG&BJournal-In line with its focus...

Markets Wrap: Stocks rise 1.5%, Bonds yield contracts 14bps to 7.1% and naira gains...

MON, JULY 27 2020-theG&BJournal- Trading in the Nigerian equities market opened the week positive, following gains in DANGCEM (+5.7%), WAPCO (+9.6%) and some Tier...

Updated: UBA Group announces global management appointments- six new country CEOs in Africa, International...

…The new CEOs will drive the Group's strategy and activities in Mali, Uganda, Zambia, Senegal, Tanzania and Sierra Leone respectively LAGOS, Nigeria, MON, JULY 27...

Africa Re reveals plan to fund COVID-19 response in Africa with $3.3 million

MON, JULY 27 2020-theG&BJournal- The African Reinsurance Corporation (Africa Re), will be channelling $3.3 million to cities hosting Africa Re offices, African Insurance Associations...

Weekly Markets Wrap: Bonds average yield contracts 50bps to 7.3%, ASI advance 0.6% w/w,...

SAT, JULY 25 2020-theG&BJournal- Trading in the top three equities FBN Holdings Plc, UACN Plc and United Bank for Africa Plc. accounted for 434.502...
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