Dangote Cement, BUA Cement, BUA Foods, and Nestle Nigeria led the list of most valuable manufacturing companies in Nigeria, following impressive market performance in the month of January 2022. The likes of Dangote and BUA Cement maintained their spot as the most capitalized manufacturing firms while newcomer, BUA Foods displaced Nestle to seat in third […]
By Dipo Olowookere The Group Managing Director of UAC Nigeria Plc, Mr Fola Aiyesimoju, has expressed the willingness of the management to print a better gross margin going forward. Business Post reports that a gross margin, which is also known as the gross profit margin, is calculated by deducting the cost of goods sold from […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited posted a 0.38 per cent decline on Wednesday as a result of profit-taking in MTN Nigeria, Lafarge Africa, GTCO, Zenith Bank and 29 others. In the previous trading sessions, the nation’s stock market had risen to levels last seen in 2008 as a result of renewed confidence […]
Apt Securities, Meristem, and Stanbic IBTC Stockbrokers led the list of stockbroking firms in terms of the value of transactions in the month of January 2022, jointly accounting for 64.9% of the total value traded in the stock market in the review month. This is according to the broker performance report , released by the […]
Investors who subscribed to the recently-concluded public offer by MTN Nigeria Communications (MTN Nigeria) will receive about N5.67 billion as cash dividends in their first return on investment. Regulatory filing and reports analysed yesterday by The Nation indicated a dividend yield of 5.07 per cent as return on investment for the emerging shareholders, a considerable […]
Mr. Segun Ogunsanya, Airtel’s CEO Insecurity in some parts of Nigeria which led to the government asking all operators to shut down a number of sites negatively impacted Airtel’s voice revenue. This was disclosed by the Chief Executive Officer of Airtel Africa Plc, Segun Ogunsanya, at the Investors’ call held on Friday, February 4th, 2022. […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) maintained its positive trend last week as foreign and high network investors continued to take position in stocks with attractive dividend yields ahead of 2021 financial year dividend declarations. The stock market of NGX appreciated by N579billion in first-week trading in February as foreign […]
According to pivot charts, the key support levels for the Nifty are placed at 17,104.87, followed by 16,942.93. If the index moves up, the key resistance levels to watch out for are 17,367.57 and 17,468.34. The BSE Sensex on February 8 ended 187.39 points higher at 57,808.58, while the Nifty50 settled at at 17,266.80, up […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated by 1.12 per cent on Thursday as investors booked profit in Dangote Cement, Oando, FBN Holdings, Ardova and 14 other stocks. From the analysis of the trading details, industrial goods, insurance and energy sectors were the major drivers of the loss as they shed 3.25 per […]
By Dipo Olowookere The first trading session of the new week on the floor of the Nigerian Exchange (NGX) Limited ended on a negative note after a 0.16 per cent loss on Monday. The lowering of the NGX index was majorly due to price depreciation in Okomu Oil, Oando, GTCO, MTN Nigeria, FBN Holdings and […]
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