By Chinyere Joel-Nwokeoma The Nigerian stock market resumed trading on Wednesday after the Christmas holidays with a loss of N238 billion due to profit taking. Speficially, the market capitalisation which opened at N22.060 trillion lost N238 billion or 1.08 per cent to close at N21.822 trillion. Also, the All-Share Index inched lower by 455.75 points […]
Kayode Tokede Vitafoam Nigeria in its unaudited result and accounts for full year ended September 30, 2021 recorded significant increase in revenue but a double-digit growth in cost of sales reduced profits. The foam-manufacturing company also recorded growth in its total operating expenses, another financial parameter that further highlights severe business operating environment faced by […]
Trading activities on the floor of Nigerian Exchange (NGX) Thursday sustained declining position as valued of equities close southwards, shedding N71 billion. Specifically, market capitalisation of listed equities declined further by N7 billion or 0.03 per cent to N22.043 trillion from N22.050 trillion reported the previous day. The NGX All Share Index also depreciated by […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) closed on a positive note last week as investors renewed interest in blue chips listed companies. Amid the bargain hunting activity on the NGX All-Share Index rose week-on-week (W-o-W) by 470.34 basis points or 1.12 per cent to close at 42,353.31 basis points. Similarly, […]
Ahead of the Santa Claus and year-end rally, analysts expect that the Nigerian stock market will close positive this week. Analysts’ Optimism Analysts at Afrinvest Limited stated that, “this trading week, we expect the market to extend last week’s positive performance, driven by bargain purchase as investors continue to review their portfolio for the next […]
An Italy-bound suspected drug trafficker, Inusa Abdulrazaki, has been arrested by the operatives of the National Drug Law Enforcement Agency (NDLEA), after being found with 101 wraps of heroin. He was nabbed on November 19 at Gate C -Departure hall of the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos on his way to Italy via […]
The Consumer Goods Index, which tracks the daily and weekly performance of quoted FMCG companies, appreciated by 0.08%, from 546.42 points the previous day, to 546.85 points, at the end of today’s trading session. The increase recorded in the consumer goods index was driven mainly by Nigerian Breweries Plc and International Breweries Plc, which appreciated […]
Strong double-digit volume growth Revenue increased 58% Profit after tax increased by 580% Net financing costs decreased by 38% Distribution expenses increased 36% driven by higher volumes and inflation . Guinness Nigeria, a subsidiary of Diageo Plc, and a leading total beverage alcohol company in Nigeria has posted a revenue of N47.46 billion for its […]
Stock exchange. Photo/PIXABAY Profit-taking in many blue-chip stocks, especially in UPDC Real Estate Investment Trust (UPDC REITS) and Japaul Gold and Ventures, dragged transactions on the Nigerian Exchange Limited (NGX) to reverse gains, causing market capitalisation to dip by N49 billion. In summary, the All-Share Index (ASI) dropped 93.60 absolute points, representing a decrease of […]
NGX Insurance Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday extended its investors’ profit-taking position on the heels of sell pressure on MTN Nigeria, Guaranty Trust Holdings Company Plc, Zenith Bank Plc and 31 other stocks. The likes of MTN Nigeria dropped by 1.1 per cent to close at N169.20, while […]
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