After three trading days of consecutive losses, Nigerian stocks rebounded on Monday on a risk-off approach to investing, seeing the benchmark index surge by 0.16%. Banking stocks led the climb. Read more.
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In 2021, Nigeria's economy is projected to grow by 1.8% according to the world bank's baseline scenario. If the government fails to maintain recent macroeconomic and structural reforms, the pace of economic recovery could slow, and GDP growth may reach just 1.1 percent in 2021. Read more.
Guaranty Trust Holding Company Plc (GTCO), Nigeria's most valuable bank by market value, saw declining revenue and profit levels for the first nine month of 2021. This shows it has been struggling to arrest a trend of waning interest income over recent years. Read more.
As the tussle for control by major shareholders in FBN Holdings Plc is expected to heat up, analysts and shareholders in Nigeria's capital market are forecasting the share price of the company to rise. Read more.
Supermarket group Pick n Pay (PnP) says it has lost R930 million in revenue due to the unrest in July. However, most of the losses will be covered by insurance, which has already paid out about R600 million. Read more.
Nigerian equities rose 0.38% in mid-week trading to reach their highest level in more than eight months, just before of the third quarter earnings season, which is anticipated to start any day now. Read more.
Nigerian stocks gained 0.05% on Monday, extending a rise that began on Wednesday as stocks in the financial sector garnered momentum. Read more.
Despite the market's year-to-date performance struggling to return to positive territory, Nigerian stocks closed with an upward gap of 1.59%, hitting its highest level since February 29. Read more.