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Okomu Oil Plc: The days of price adjustments are numbered

June 9, 2023 admin 0

Although price adjustments can have a positive impact on short-term revenue and profitability, sustaining long-term growth and mitigating the effects of market fluctuations and external […]

Unity Bank needs to enhance profitability to restore positive shareholders’ funds

June 7, 2023 admin 0

Unity Bank’s negative retained earnings of N379.786 billion and negative shareholders’ funds of N139.797 billion as of Q1 2023 pose a significant obstacle to the […]

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Revealed: Fuel pump price rose to 800 CFA in Benin Republic after Nigeria’s subsidy removal – KPMG 

June 6, 2023 admin 0

  KPMG Nigeria has said that fuel pump prices have increased to 800 CFA ever since Nigeria put an end to its fuel subsidy regime. – […]

Nigerian banks incur $1billion in loan losses, blame macro-economic conditions

September 22, 2023 admin 0

Nigerian commercial banks have incurred an estimated $1 billion in loan losses during the first half of 2023, a significant increase compared to the same […]

DAILY FINANCIAL NEWS 6th Sept. 2023

September 6, 2023 admin 0

Price earnings ratio and a dividend yield

August 6, 2023 admin 0

The Price-to-Earnings (P/E) ratio is a fundamental financial metric used to assess the relative valuation of a company’s stock in relation to its earnings. It […]

Apple reports a decline in pre-tax profit in Q3 

August 6, 2023 admin 0

Apple reported its 2023 third-quarter results showing pre-tax profits declined by 1.44% year on year reaching $22.733 billion.   This took the nine-month pre-tax profits to […]

Foreign Exchange Woes:  MTN Nigeria posts a decline in profits.

August 5, 2023 admin 0

MTN Nigeria recently released its Q2 2023 results, showing the communication giant encountered significant challenges related to foreign exchange, which has pronounced impacted its financial […]

Equity market report, August 3, 2023

August 3, 2023 admin 0

Dangote Sugar had a significant positive move during today’s trading session, with its share price increasing by 10.41% to close at N29.7 per share on […]

TRANSCORP Plc Achieves Remarkable Q2 2023 Performance: Profits Surge and Revenue Soars.

August 2, 2023 admin 0

TRANSCORP Plc’s Q2 2023 report reveals an impressive surge in profitability, with a noteworthy 105% rise in profit before tax, reaching N15.67 billion compared to […]

Foreign Exchange Woes:  MTN Nigeria posts a decline in profits

August 2, 2023 admin 0

MTN Nigeria has reported a notable decline in its profits for the second quarter of 2023, with pre-tax profits dropping by 64.32% compared to the […]

Tesla Is Lapping Germany’s Automakers in the Global EV Race

July 24, 2023 admin 0

Tesla delivered 889,015 cars in the first half of this year, more electric vehicles than Volkswagen AG, BMW AG, Mercedes-Benz Group AG, and Porsche AG […]

If You Invested $10,000 in Bank of America in 2010, This Is How Much You Would Have Today

July 24, 2023 admin 0

The big banking news so far in 2023 has been the failure of several midsize banks. The entire U.S. banking sector was tarnished, with banks […]

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