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Markets Wrap| NGX All-Share Index gains 0.2% as sentiments remained positive...
TUE. 31 JANUARY, 2023-theGBJournal| Sentiments remained positive in the local bourse as demand for GEREGU (+10.0%) supported market performance. Accordingly, the All-Share Index inched...
Weak topline growth undermines Ardova Plc’s Q4-22 earnings as profit plunges...
TUE. 31 JANUARY, 2023-theGBJournal| ‘’ARDOVA’s Q4-22 performance remained unimpressive, underscoring the marketers’ struggle for positive earnings since Q2-22,’’ says analysts after the company reported...
Flour Mills of Nigeria Plc grows revenue by 30.2% y/y in...
TUE. 31 JANUARY, 2023-theGBJournal| Flour Mills of Nigeria Plc (FLOURMILL) published its 9M-23 unaudited results Monday, reporting Q3-23 standalone EPS of N0.90 (Q3-22: N1.57)...
MTN Group CEO, Ralph Mupita, lauds NGX for democratising access to...
TUE. 31 JANUARY, 2023-theGBJournal| MTN Group Chief Executive Officer, Ralph Mupita, has lauded Nigerian Exchange Limited (NGX) for democratising access to financial securities, thereby...
IMF hikes Nigeria’s growth forecast to 3.2%
TUE. 31 JANUARY, 2023-theGBJournal| The International Monetary Fund (IMF) Monday hiked Nigeria's growth forecast to 3.2% in 2023, citing measures put in place by...
Nigeria’s public debt stock hits N44.06 trillion
TUE. 31 JANUARY, 2023-theGBJournal| According to data provided the National Bureau of Statistics (NBS) by Debt Management office (DMO), Nigeria's public debt stock which...
NCDC Nigeria activates Lassa fever emergency operations centre following following a...
TUE. 31 JANUARY, 2023-theGBJournal| The Nigeria Centre for Disease Control and Prevention (NCDC) has activated the national multisectoral Emergency Operations Centre for Lassa Fever...
Analysis| Possible near-term implication of Nigeria’s credit downgrade
TUE. 31 JANUARY, 2023-theGBJournal| On Friday, 27 January, Moody's Investors Service (Moody's) downgraded Nigeria’s sovereign credit rating further to ‘Caa1’ from ‘B3’ and changed...
Solid topline supports TotalEnergies Marketing Nigeria Plc Q4-22 earnings, amid higher...
TUE. 31 JANUARY, 2023-theGBJournal| TotalEnergies Marketing Nigeria Plc (TOTAL) published its Q4-22 unaudited financials Monday, reporting EPS growth of 13.0% y/y to N11.57 in...
Analysis| How money market mutual funds beat deposits and T-bills
TUE. 31 JANUARY, 2023-theGBJournal| Nigeria’s savers have a job on their hands. Market interest rates – the rates available on instruments such as T-bills...
