The Consumer Goods Index, which tracks the daily and weekly performance of quoted FMCG companies, depreciated week-on-week by 1.46%, from 569.18 points on Monday, to 560.85 points, at the end of Friday’s trading session. The decrease recorded in the consumer goods index was driven mainly by Nestle Nig Plc, Nigerian Breweries Plc and Unilever Nig. […]
Kayode Tokede On the heels of reporting N464.35billion trade and receivable in nine months ended September 30, 2021, the likes of MTN Nigeria Plc, Nigerian Breweries Plc, among other companies might exceed 2020 receivables in this year’s financial results. Trade and receivables are the amount owed to a business by its customers following the sale […]
The Nigerian Exchange market closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 9 basis points. The NGX ASI closed at 42,013.39 points, to reflect a growth of 0.09% from the previous trading day and a Year-to-Date (YTD) return of 4.33%. Meanwhile, the market capitalization increased by […]
At the end of today’s trading session, International Breweries Plc share price depreciated by 2.63% to close at N5.55 per share, taking the Market capitalization from N153.11 billion to N149.08 billion. International Breweries Plc, today, 5th November 2021 recorded a loss in share price which can be attributed to investors’ negative sentiment which triggered sell-pressures […]
International Breweries Plc has reported a profit after tax of N367.5m for the third quarter of 2021, compared with a loss after tax of N1.52bn in the same period a year ago. According to a statement on its financial results, the firm’s revenue rose by 32.1 per cent to N46.43bn in Q3 2021 from N35.15bn […]
Nigerian Breweries Plc products Nigerian Breweries Plc, the most capitalized brewery quoted on the exchange, witnessed a depreciation in share price by 286 basis points to close at N51.00 per share, taking the market capitalization from N419.84 billion to N407.84 billion. The brewery today, recorded a loss in share price which can be attributed to […]
On the heels of reporting N464.35billion trade and receivable in nine months ended September 30, 2021, the likes of MTN Nigeria Plc, Nigerian Breweries Plc, among other companies might exceed 2020 receivables in this year’s financial results. Trade and receivables are the amount owed to a business by its customers following the sale of goods […]
A mutual fund is a scheme that pools funds or money from various investors and then uses the pooled funds to invest in different asset types on behalf of the many investors from whom the funds had been pooled. In most cases, the investor knows that he or she is invested in one mutual fund […]
The stock market of the Nigerian Exchange Limited (NGX) reversed prior day’s loss with a gain of 0.41 per cent amid investors renewed interest on 21 stocks. The market positive performance yesterday was driven by price appreciation in large and medium capitalised stocks, which are Nigerian Breweries Plc, Guinness Nigeria Plc, MTN Nigeria Plc, Cadbury […]
Transnational Corporation of Nigeria Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue grew by 57% to N86bn from N54bn in the previous quarter. Profit before tax grew by 599% to N14bn. Profit after tax grew by 671% to N13.5bn. Net Assets grew by 11% from N114bn […]
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