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Amazon reported its first-quarter earningsafter the bell on Thursday, revealing the pandemic’s impact on the business that has been a rare bright spot on the stock market. The stock fell about 5% after hours after missing estimates on earnings while beating revenue expectations. Here’s what...

The reason for this decision is the tendency of these businesses to attract people in large numbers, often beyond 50, thus contravening the physical distancing directive. Salons and beauty parlours Beauty salons, Spas, barbershops, and public parks, are also by this directive, prohibited from...

UBA Bank GT Bank add yours .

North Korea's Supreme Leader/dictator Kim Jong-un has reportedly died, or is on his death bed with no hope for recuperation -- according to media outlets in China and Japan. Amid reports China has sent a medical team to their communist neighbors this week to check in/advise on Kim, a Hong...

The Central Bank of Nigeria has punished 5 major banks of Nigeria for failure to meet the Cash Reserve Requirement. A lot of banks are ordered to have a lot of cash reserve so they could survive in case of any unexpected financial issue occurs. Nigeria has many banks and 5 of them have failed...

Stock Futures are financial contracts that have individual stock as the underlying assets. It is formed based on a contract agreement to buy or sell a certain amount of underlying equity share for a future date, at an agreed price between the buyer and seller. There are certain features that...

Bonds sales worth N100 billion was issues by Dangote Cement Plc and it was oversubscribed by investors, said the cement maker on Thursday. The transaction logged under the N300 billion bond programme of the largest cement producer in Africa. The exercise received subscriptions of N155 billion...

12 - NIGERIA BANKS PERFORMANCE GROWTH STAT: of Profit After Tax, 2018 vs. 2019 ZENITH BANK (ZENITHBANK): 2018: N193.42Bn 2019: N208.84Bn Growth: 7.97% GUARANTY TRUST BANK (GUARANTY): 2018: N184.64Bn 2019: N196.85Bn Growth: 6.61% ACCESS BANK (ACCESS): 2018: N94.98Bn 2019: N97.51Bn Growth...

The Nigerian Stock Exchange is the biggest stock market in Africa and if you would like to get you foot in the door, here are some thing you should know. The stock exchange has some major African companies listed on it and you can buy and sell as you wish. For example, if you see a stock like...

Amid COVID-19 impact, Nigeria’s bond auction for April oversubscribed by 459%, says DMO

You are allowed to borrow these stocks. Do you know how to borrow stocks?

Guaranty Trust Bank Plc (“GTBank”), (Bloomberg: GUARANTY:NL/Reuters: GUARANT.LG), provider of diversified financial services, announces its Audited Financial Results for the year ended 31 December 2019 and declares a PBT of N231.7bn. Commenting on the financial results, the Managing...

Analysts are Jefferies thinks Amazon will go to $4,000.00 per share.

Emeka Nwajubu, the Minister of State for Education, broke the news earlier today and he said that the government has made provisions for students to learn online. He added that, “WAEC and NECO for the year have been postponed indefinitely. “The students can learn online, we have made a lot of...

Netflix is set to report its Q1 2020 earnings after the bell on Tuesday. The company has seen its stock outperform the market during the coronavirus pandemic as stay-at-home orders have given many consumers more time to explore streaming services. Wall Street is anticipating earnings per share...

Lagos is the most popular town in Nigeria and possibly in the world. It’s interesting living in lagos. Please share your experiences.

FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, has declared a profit before tax (PBT) of ₦4.15 billion for the year ended 31stDecember 2019. This represents a 48 percent increase from the ₦2.8 billion recorded in the previous year, as reported...

Statement of CBN Core Mandate The mandate of the Central Bank of Nigeria (CBN) is derived from the 1958 Act of Parliament, as amended in 1991, 1993,1997,1998,1999 and 2007. The CBN Act of 2007 of the Federal Republic of Nigeria charges the Bank with the overall control and administration of the...

Nigeria is in big trouble with the new crude oil price. A barrel is now selling for under 15 dollars.

Zlatan Ibrahimovic Ex team mates are talking about his crazy rants and angry outburst he had while playing for LA Galaxy. "'I have 300m in the bank and an island... if anyone speaks I'll kill them!' - Zlatan's LA Galaxy time remembered" A team mate recalled that Zlatan said this.