The Nigerian capital market expected equities to maintained previous week gain as retail investors increased their holdings in dividend paying stocks ahead of 2021 full year declarations. Analysts Optimism In the new week, analysts at Cowry Assets Management Limited expected the local bourse index to trade sideways as investors wait on the sidelines to take […]
By Dipo Olowookere Investors in the nation’s equity market are beginning to limit their exposure to stocks as their festive period draws closer. Last week, a total of 1.3 billion shares worth N15.3 billion exchanged hands in 18,292 deals in contrast to the 2.6 billion shares worth N26.9 billion transacted in 20,848 deals a week […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday closed on a negative note with a decline of 0.01 per cent as investors’ take profit in MRS Oil Nigeria Plc, Eterna Plc and 19 other stocks. The stock market performance of yesterday witnessed Eterna dropping by 9.91, MRS Oil Nigeria depreciated by […]
The issue of bonds worth NGN 60 billion called on experience from across Nigeria’s legal and finance sectors. Nigerian energy company Ardova has issued NGN 60 billion (USD 146 million) in bonds as part of a debt issuance programme, raising funds for expansion and its working capital. Headquartered in Lagos, Ardova operates downstream retail and […]
Stock traders in a stock market Nigerian stocks returned to gain on Wednesday as the benchmark index jumped rose per cent even though that was too paltry in obliterating the loss of the session before. GTCO, Nigeria’s biggest lender by market value, steered the climb alongside beer-maker Nigerian Breweries, with support from FBN Holdings and […]
It got an approval-in-principle to start a non-interest banking unit to be known as Alternative Bank Limited. Sterling Bank obtained the Central Bank of Nigeria (CBN) ‘s go-ahead to transform to transform to a holding company subject to meeting certain conditions outlined by the regulator. It also got an approval-in-principle for a permit to start […]
Guinness Nigeria Plc released its Q1 2022 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue grew by 58% to N47bn from N30bn in the previous quarter. Profit before tax stood at N5.9bn. Profit after tax stood at N4bn. Net Assets grew by 6.7% from N74bn to N79bn. Share Price Currently Stands […]
By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited closed bullish on Thursday with a 0.41 per cent growth after closing bearish a day earlier. Buying interest across the major sectors of the market yesterday triggered the reversal of the loss, with the consumer goods sector emerging as the darling of […]
YEAR 2020 was no doubt a tough year for businesses in Nigeria and across the world with the attendant effects of COVID-19 pandemic disruptions in economic activities. This was as the global economy was hit by the worldwide lockdown on movements and restrictions with policies that affected and discouraged investments. Unfortunately, the impact of COVID-19 […]
Kayode Tokede Guinness Nigeria Plc has migrated from N841.6 million losses reported in first quarter (Q1) ended September 30, 2020 to N4.04billion reported in first quarter ended September 30, 2021. The subsidiary of Diageo Plc impressive performance in the period was driven by growth in revenue that gained 58 per cent to close Q1 2021 […]
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