Okomu Oil Plc: The days of price adjustments are numbered
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
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 […]
Revealed: Fuel pump price rose to 800 CFA in Benin Republic after Nigeria’s subsidy removal – KPMG
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
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 […]
Price earnings ratio and a dividend yield
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
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.
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
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.
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
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
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
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 […]