An Italy-bound suspected drug trafficker, Inusa Abdulrazaki, has been arrested by the operatives of the National Drug Law Enforcement Agency (NDLEA), after being found with 101 wraps of heroin. He was nabbed on November 19 at Gate C -Departure hall of the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos on his way to Italy via […]
The Consumer Goods Index, which tracks the daily and weekly performance of quoted FMCG companies, appreciated by 0.08%, from 546.42 points the previous day, to 546.85 points, at the end of today’s trading session. The increase recorded in the consumer goods index was driven mainly by Nigerian Breweries Plc and International Breweries Plc, which appreciated […]
Strong double-digit volume growth Revenue increased 58% Profit after tax increased by 580% Net financing costs decreased by 38% Distribution expenses increased 36% driven by higher volumes and inflation . Guinness Nigeria, a subsidiary of Diageo Plc, and a leading total beverage alcohol company in Nigeria has posted a revenue of N47.46 billion for its […]
Stock exchange. Photo/PIXABAY Profit-taking in many blue-chip stocks, especially in UPDC Real Estate Investment Trust (UPDC REITS) and Japaul Gold and Ventures, dragged transactions on the Nigerian Exchange Limited (NGX) to reverse gains, causing market capitalisation to dip by N49 billion. In summary, the All-Share Index (ASI) dropped 93.60 absolute points, representing a decrease of […]
NGX Insurance Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday extended its investors’ profit-taking position on the heels of sell pressure on MTN Nigeria, Guaranty Trust Holdings Company Plc, Zenith Bank Plc and 31 other stocks. The likes of MTN Nigeria dropped by 1.1 per cent to close at N169.20, while […]
Following losses suffered by many blue-chip stocks, especially MTN Nigeria and African Prudential, the Nigerian equities market resumed trading for the month of December on a negative note yesterday, as market capitalisation declined by N410 billion. In summary, the All-Share Index (ASI) dipped by 784.89 absolute points, representing a decrease of 1.81 per cent, to […]
Seplat Energy Kayode Tokede Seplat Energy Plc on Thursday December 23 notified the Nigerian Exchange Limited (NGX) that its Board has terminated the contract of appointment of Austin Avuru as a Non-Executive Director. Seplat Energy told the NGX that Avuru’s appointment was terminated on December 22, 2021, “due to breaches of the Company’s corporate governance […]
Nigerian Stocks closed Christmas week on a positive note as stocks eked out a marginal 0.08% gain at the end of trading Friday, 24th December 2021. However, stocks closed the week on a negative note losing 0.21%. Among the gainers today include Union Bank, leading the gainers’ chart with a 9.9% pop as news surrounding […]
Dangote Cement and MTN once again in 2021 dominate companies listed in the Nigeria exchange The two firms are among the five biggest companies in the exclusive club of over N1 trillion market capitalisation Data from Nigeria Exchange shows this two companies led a group of ten with massive profit declaration Many Nigerian firms will […]
Zenith Bank Plc and GT Holding Co Plc investors initiated sell-offs during the day’s trading session losing 1.03% and 1.40%, respectively in share prices. Zenith Bank started the day at N24.20 and closed at N23.95 per share while GTCO started the day at N24.95 to close at N24.60 per share. The NGX closed on a […]
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