Forte Oil, Betaglass Lead NSE’s N114bn Losses The Nigerian Stock Exchange (NSE) extended its losing streak to the second trading session of the week and month of April, occasioned by sustained losses in highly capitalised stocks, especially Betaglass and Forte oil. The losses resulted to a further decline in market capitalisation by N114 billion. Yesterday, […]
Forte Oil Plc. A major player in the downstream sector of the Oil and Gas industry with businesses in Fuels (marketing & distribution of petroleum products), manufacture & sales of Lubricants and Greases and Solar Systems, released its FY 2018 results for the period ended December 31st, 2018 to the market on March 29th, 2019. […]
Goddy Egene The Nigerian equities market witnessed further decline yesterday as investors appeared to be ignoring the 2018 financial results of companies. The market had shed 1.2 per cent in the first quarter of 2019 majorly due to political risks. Stakeholders have been hoping that the reduced political tension after the general elections and release […]
At the moment, the debt-to-equity of Exxon Mobil Corporation (NYSE:XOM) is low, standing at 19.71, a figure that is less than the 41.08 average recorded by the industry. This means that the company is currently holding a debt level at 37.80 B. XOM shares have a strong debt-to-equity ratio but their quick ratio which reads […]
Seplat Petroleum The public and private sectors have been advised to double their investments in research and development. Seplat Petroleum Development Company Plc made this suggestion, while advising that these investments should be tailored in line with safety promotion. According to Seplat Petroleum , such research investment should not be limited to the oil and […]
[FILES] Nigerian Stock Exchange (NSE) By The Nigerian Stock Exchange (NSE) yesterday plunged further by 0.7 per cent, extending bearish run to a third consecutive session amid sustained sell-off. The All-Share Index (ASI) yesterday, dipped by 209.41 absolute points, representing a decline of 0.67 per cent, to close at 30,829.45 points. Similarly, market capitalisation shed […]
INVESTMENT analysts in the capital market have expressed optimism on the possibility of shares of Unilever Nigeria Plc, Seplat Petroleum Development Company, and Eterna Plc performing well this year and recommended them for a buy. According to analysts at Cowry Asset Management, the stocks have an upside potential of 162.30 percent, 50.80 percent and 47.90 […]
Seplat Petroleum Development Company has closed its 2018 operations with after tax profit down by 45% to N45 billion against a 500% advance in pre-tax profit to over N80 billion. A shift from a huge deferred tax credit in the preceding year to a tax expense in 2018 accounted for the profit drop, obscuring somewhat […]
FMDQ OTC Securities Exchange FMDQ Records N63.25tn Turnover In Q1 2019 FMDQ OTC Securities Exchange recorded a turnover of N63.25tn in the first quarter of the year. Data obtained from the FMDQ’s website on Tuesday showed that the turnover for March stood at N28.98tn. In February, the FMDQ recorded a turnover of N19.18tn, which represented […]
PROSHARE ECONOMY The Story Of A Visionless Caper: How Political Shenanigans Led To A Bond Default – On Tuesday, the 5th of March 2019, bond investors of the oddly named Municipality Waste Management Contractors Limited (MWMCL) expected to receive their scheduled half yearly payments – comprising a coupon and an amortised principal component – of […]
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