NGX Insurance Kayode Tokede On the heels of reporting N464.35billion trade and receivable in nine months ended September 30, 2021, the likes of MTN Nigeria Plc, Nigerian Breweries Plc, among other companies might exceed 2020 receivables in this year’s financial results. Trade and receivables are the amount owed to a business by its customers following […]
Dangote Cement , Nigeria and Africa’s leading cement manufacturer, reported a whopping N1.022 trillion in revenue in the first nine months of 2021, slightly below the N1.034 trillion realised in the whole of 2020. The manufacturer disclosed this in its unaudited financial statement released on the Nigerian Exchange Limited. Production cost of sales stood at […]
By Aduragbemi Omiyale An experienced investment banker, Mr Adeniyi Falade, will join the board of Custodian Investment Plc as a directive with effect from January 1, 2022. Mr Falade, who studied Chemistry at the university for his first degree, is expected to use his wealth of experience of over three decades in the financial services […]
The shares of WAPCO Plc recorded a gain of 2.62% at the end of today’s trading session. The appreciation may be attributed to the buy-interests in the shares of the company inducing a gain of N10.47 billion in market capitalization at the close of trading activities on the stock exchange market. The shares of the […]
Proshare Nigeria Pvt. Ltd. COVID-19 Health Updates 21st of November 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory Confirmed: 213,589 cases (New: 57) Discharged: 206,518 Deaths: 2,974 (New: 1) Proshare Nigeria Pvt. Ltd. Proshare Nigeria Pvt. Ltd. PROSHARE ECONOMY Axxela Announces Its Long-term Issuer and Issue Ratings Upgrade With a Stable […]
TotalEnergies Marketing Nigeria Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue grew by 60% to N242bn from N152bn in the previous quarter. Profit before tax grew by 881% to N19.7bn. Profit after tax grew by 344% to N13.4bn. Net Assets grew by 36% from N28bn to […]
Nine multinational oil companies including Chevron and ExxonMobil will pay the Nigerian National Petroleum Company Limited a total of N156.148bn this for the August 2021 domestic crude oil exports, the NNPC has said. A document obtained from NNPC in Abuja on Sunday showed that the firms, which were joint venture partners of the national oil […]
NGX Insurance Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) appreciated marginally by N596.41 million amid the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) retaining all policy parameters in order to further boost the nation’s economic growth. The MPC members unanimously voted yesterday to retain Monetary Policy Rate […]
The market capitalisation of stocks listed on the Nigerian Exchange Limited remained unchanged at the end of trading on Tuesday as trading volumes fell, reversing Monday’s uptrend. The NGX All-Share Index dipped by 4.99 basis points from 43226.27bps to 43.255.14bps on Monday, while the market capitalisation stood unchanged at N22.58tn. The market activities were bearish […]
Three large-cap companies including Berger Paints Bangladesh are set to be offered with time extension to offload more shares in a bid to avert negative impact on market prices. The Bangladesh Securities and Exchange Commission (BSEC) has decided to consider a time extension after bilateral discussions recently held with the companies. Apart from the Berger, […]
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