It got an approval-in-principle to start a non-interest banking unit to be known as Alternative Bank Limited. Sterling Bank obtained the Central Bank of Nigeria (CBN) ‘s go-ahead to transform to transform to a holding company subject to meeting certain conditions outlined by the regulator. It also got an approval-in-principle for a permit to start […]
Guinness Nigeria Plc released its Q1 2022 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue grew by 58% to N47bn from N30bn in the previous quarter. Profit before tax stood at N5.9bn. Profit after tax stood at N4bn. Net Assets grew by 6.7% from N74bn to N79bn. Share Price Currently Stands […]
By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited closed bullish on Thursday with a 0.41 per cent growth after closing bearish a day earlier. Buying interest across the major sectors of the market yesterday triggered the reversal of the loss, with the consumer goods sector emerging as the darling of […]
YEAR 2020 was no doubt a tough year for businesses in Nigeria and across the world with the attendant effects of COVID-19 pandemic disruptions in economic activities. This was as the global economy was hit by the worldwide lockdown on movements and restrictions with policies that affected and discouraged investments. Unfortunately, the impact of COVID-19 […]
Kayode Tokede Guinness Nigeria Plc has migrated from N841.6 million losses reported in first quarter (Q1) ended September 30, 2020 to N4.04billion reported in first quarter ended September 30, 2021. The subsidiary of Diageo Plc impressive performance in the period was driven by growth in revenue that gained 58 per cent to close Q1 2021 […]
Guinness Nigeria, a subsidiary of Diageo Plc, has posted a revenue of N47.46 billion for its first quarter period ended 30 September 2021. The unaudited results which were released to the Nigerian Exchange Group (NGX) revealed a 117% increase in gross profit in the period, with double digit revenue growth across all key categories despite […]
The Nigerian equities market started the week on a negative note as declines in some large-cap stocks saw the market closing lower by N11.83bn at the end of trading. The Nigerian Exchange Limited’s All-Share Index fell by 0.05 per cent to close at N22.56tn from N22.57tn on Friday, while the market capitalisation dropped to 43230.34 […]
The investing public is hereby notified that FTN Cocoa Processors Plc (the Company) has through its Stockbroker, Meristem Stockbrokers Limited, submitted an application to Nigerian Exchange Limited for the approval and listing of a Rights Issue of One Billion and Seven Hundred Million (1,700,000,000) ordinary shares of 50 kobo each at 50 kobo per share, […]
By Dipo Olowookere In the third quarter of 2021, FTN Cocoa Processors Plc recorded an expansion in its loss before and after taxes despite recording an improvement in revenue. According to the financial statements of the company released on Monday, the revenue generated in the first nine months of this year was N278.2 million in […]
Despite price gains that outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed on a downward note yesterday, as the All-Share Index (ASI) depreciated by 0.01 per cent. Specifically, the ASI declined by 4.99 absolute points, representing a decrease of 0.01 per cent, to close at 43,255.14 points. However, the […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.