Nigeria’s Union Bank said on Thursday its half-year pretax profit fell to 9.8 billion naira ($61.1 mln), down 4.2 percent from 10.2 billion naira last year. Shares in Union Bank, which had gained 63 percent since the start of the year, were trading flat at 12 naira at 1130 GMT. […]
Tag: Reuters
Exxon Mobil posts big Q2 profit miss; EPS $1.55 vs. $1.90 estimate
Analysts had expected Exxon to report earnings per share of $1.90 per share on $105.54 billion in revenue, according to a consensus estimate from Thomson Reuters.  Source: Reuters
Analysts predict weaker naira
The naira is set to remain on the back foot this week after hitting a seven-month low against the dollar on Thursday as offshore investors sell local debt. Kenya’s shilling is also expected to trade in a narrow band ahead of the outcome of a petition challenging the presidential election […]
