Some of the major downstream oil and gas marketing firms in Nigeria jointly posted N776.6 billion as revenue in the nine-month period of 2021, growing their top line by 34% from N579.59 billion recorded in the corresponding period of 2020. The list includes some of the major oil marketers quoted on the Nigerian stocks exchange. […]
The total revenue generated by five of the major oil marketing companies in the country jumped by N149.93bn in nine months as fuel demand recovers from the impact of the COVID-19 pandemic. The companies saw their combined revenue for the nine-month period ended September 30, 2021 rise to N593.9bn from N443.97bn in the same period […]
Sunday, November 21, 2021, 10:30 AM / by Tosin Ige, Proshare Research/ Header Image Credit: Oil and Gas IQ Nigerian oil and gas companies reported modest growth in the first nine months of 2021. The latest results of selected NGX-listed companies show an increase in earnings and balance sheet growth despite the lingering COVID-19 pandemic […]
Trading on the Nigerian bourse opened on Monday on a positive note with turnover appreciating by 1,103.94 per cent due to off-market trade in Oando Plc. Specifically, a total of 2.40 billion units valued at N16.47 billion were exchanged by investors in 4,811 deals. This was in contrast with 199.52 million shares worth N3.26 billion […]
Nairobi — The National Bank of Kenya has received approval from the Capital Markets Authority(CMA) to de-list from Nairobi Securities Exchange following the full takeover by KCB Group. NSE, in a statement targeting all shareholders, investors and the general public said NBK will subsequently be removed from the course on 25 November. "Notice is hereby […]
Darasimi Adebisi Oando Plc, Medview Airlines Plc, among other listed companies have failed to submit over two-year audited result and accounts on the Nigerian Exchange Limited (NGX). The Exchange disclosed that Oando, Medview Airlines, International Energy Insurance Plc, Thomas Wyatt Nigeria Plc, and Goldlink Insurance Plc have not submitted 2019 & 2020 audited results to […]
Investment analysts have stated that the release of third quarter (Q3) or nine months earnings reports by quoted companies will sustain the positive sentiment in the Nigerian stock market. Cordros Securities Limited said: “in the week, we expect NGX’s floor to be flooded with results as the Q3, 2021 earnings season commences in full swing. […]
13 Nigerian companies listed on the Nigerian Exchange Limited (NGX) remitted a total tax of N289.4billion The Federal Inland Revenue Service (FIRS) is one of the collecting agencies and recently declared it exceeded its target in the first eight months of 2021 Companies operating in Nigeria are meant to pay income tax, Education tax, National […]
A total of six banks generated N64.27billion from maintaining customers’ current accounts in nine months of 2021, an increase 40.6 per cent from N45.7 billion reported in nine months of 2020. The six banks are Access bank Plc, Zenith Bank Plc, United bank for Africa, Guaranty Trust holding Company Plc, Sterling Bank Plc and Union […]
According to the Nigerian Exchange, there are over 156 listed firms with a total market capitalization of over N21 trillion While some companies’ stocks have made billions for shareholders, many are left to count their losses As the year draws to a conclusion, many people’s prospects of recovering are dwindling, while others will just have […]
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