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IMPLICATIONS OF MPC RATES FOR BANKS
1. Cost of funds will increase due to increase in deposit rates
2. Value of financial assets holding will fall due to increase in yield
3. Reprisal of maturing assets in line with the new interest rate regime, while new risk assets will be priced...
What does it mean for a company to decide to cancel its unused shares? The Flourmill just resolved to cancel its unused shares. To hold its board meeting on 26th of May to approve its 2022 audited financial report. Its audited financial report is coming earlier than usual. What does all these...
How the companies performed
In terms of ranking, the top five companies by revenue in the first quarter of 2022 were MTN Nigeria, Dangote Cement, Flour Mills, Nigerian Breweries, and Nestle Nigeria. The five companies generated a total revenue of N1.43 trillion, accounting for 61.6% of the total...
The NGX has also outperformed peers from the Johannesburg Exchange (6.1 percent) to the Egyptian Stock Exchange (-12.45 percent) and the Nairobi Securities Exchange (-15.91 percent).
It doesn’t stop there. Nigerian stocks have also outperformed emerging market peers, which are down 11 percent...
The bullish run by Nigerian stocks may however not be sustainable. Interest rates may soon start to rise as the Central Bank of Nigeria comes under pressure from rising global interest rates. At the last Monetary Policy Committee meeting, four out of 10 members of the committee voted for a hike...
A compelling investment case
A N1 million investment in Presco’s stock on the first trading day of January would be worth N2.28 million, implying a gain of N1.28 million.
In Okomu’s case, the N1 million investment would be worth N1.5 million, implying a gain of N514,000.
Okomu has a...
Nigerian celebrity Mercy Johnson has come forward to denounce a woman claiming to be her mother. crazy story.
With how far people can go for money, we definitely wouldn't be surprised if this is just another stunt or not but that's not ours to decide.
News reaching us today is that a...
Naira Marley releases the song Chi Chi in Nigeria and all the Marlians ran with it. The song is a Nigeria Afrobeat party song and the fans love it a lot.
All over the web, people are looking for ways to downloand Chi Chi Naira Marley song, ON the post we provided the video for the Naira...
Zubby Michael was involved in a ghastly car accident and the car was badly damaged, the picture of Zubby Michael's accident are below.
According to him he said
"Thank you Lord for saving me from a Car crash this morning. I didn't think I was going to walk away from that accident, but God had...
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