Guinness Nigeria, a subsidiary of Diageo Plc, has posted a revenue of N47.46 billion for its first quarter period ended 30 September 2021. The unaudited results which were released to the Nigerian Exchange Group (NGX) revealed a 117% increase in gross profit in the period, with double digit revenue growth across all key categories despite […]
The Nigerian equities market started the week on a negative note as declines in some large-cap stocks saw the market closing lower by N11.83bn at the end of trading. The Nigerian Exchange Limited’s All-Share Index fell by 0.05 per cent to close at N22.56tn from N22.57tn on Friday, while the market capitalisation dropped to 43230.34 […]
The investing public is hereby notified that FTN Cocoa Processors Plc (the Company) has through its Stockbroker, Meristem Stockbrokers Limited, submitted an application to Nigerian Exchange Limited for the approval and listing of a Rights Issue of One Billion and Seven Hundred Million (1,700,000,000) ordinary shares of 50 kobo each at 50 kobo per share, […]
By Dipo Olowookere In the third quarter of 2021, FTN Cocoa Processors Plc recorded an expansion in its loss before and after taxes despite recording an improvement in revenue. According to the financial statements of the company released on Monday, the revenue generated in the first nine months of this year was N278.2 million in […]
Despite price gains that outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed on a downward note yesterday, as the All-Share Index (ASI) depreciated by 0.01 per cent. Specifically, the ASI declined by 4.99 absolute points, representing a decrease of 0.01 per cent, to close at 43,255.14 points. However, the […]
Dangote Cement and MTN Nigeria are the two biggest publicly listed company in Nigeria as at October 2021 The two firms are among the five biggest companies in the exclusive club of over N1 trillion market capitalisation Data from Nigeria Exchange shows as of October 2021, shows there are over 156 listed companies with a […]
Nigerian Breweries HQ [Photo credit: ow.ly] Nigerian Breweries PLC has announced an interim dividend of N0.40 per ordinary share which translates to a total payout of N3.2 billion to its investors. The N0.40 dividend is 60 per cent higher than the N0.25 interim dividend declared last year. Total dividend last year was N0.94. The N0.40 […]
The Nigerian Exchange Limited (NGX) ended the month of October 2021 on a positive note amidst buy-interests and sell-pressures as the bulls dominated proceedings to suppress sell-pressures in the market. According to data from the Exchange, the ASI (All Share Index) appreciated by 4.52% to close the month of October at 42,038.60 points from 40,221.17 […]
Nigerian Breweries Plc has said it posted a profit of N8.47bn for the third quarter of the 2021 financial year, compared to N7.1bn in the same period of 2020. The company’s revenue rose to N309.22bn from N234.02bn in the corresponding period in 2020, according to a statement signed by the Company Secretary/Legal Director, Nigerian Breweries, […]
Nigerian Breweries Nigerian Breweries (NB) Plc has posted revenue of N309.22 billion in its third quarter operations as against N234.02 billion recorded in the corresponding period of 2020. Specifically, the company’s performance for the third quarter that ended in September 31, 2021 showed 32.1 per cent increase in revenue from N234.02 billion to N309.22 billion. […]
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