Proshare Nigeria Pvt. Ltd. Q3 price increases offset softer cement output; new PT of NGN299.4 up marginally DangCem ‘s Q3 results were in line with expectations. Sales of NGN331.6trn grew 17% while earnings of NGN99.8bn advanced by around 30%. However, there were some noticeable variances between our estimates and the results, with cement production missing […]
The National Bureau of Statistics (NBS) recently published the Internally Generated Revenue (IGR) report at the state level for Half Year (H1) 2021. According to the report which is available on the NBS’s website , all the 36 states of the federation and the FCT have a total IGR of N849.1 billion in the period […]
Thursday , November 18, 2021 / 12:50 PM / Adaeze Nwachukwu, Proshare Research / Header Image Credit: Dangote Cement Plc Proshare Nigeria Pvt. Ltd. Dangote Cement Plc is the second listed company on the Nigerian Exchange Limited (NGX) to record a revenue of N1trn on the heels of MTN, the leading stock with over one […]
The combined market capitalization of the stocks worth over one trillion (SWOOT) appreciated by 0.86% to close at N15.70 trillion from N15.57 trillion the previous week, reflecting a gain of N134.45 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc. Stock performance Airtel Africa Plc – N915.00 Airtel […]
Africa’s richest man, Aliko Dangote (L) speaks with Nigeria’s Vice-President Yemi Osinbajo (R) during a facility tour at the proposed Dangote oil refinery site near Akodo beach in the outskirt of Nigeria’s commercial capital Lagos June 25, 2016. REUTERS/Akintunde Akinleye If Nigerian billionaire Aliko Dangote can drop multiple billions into a refinery, it is because […]
NGX Insurance 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 […]
Dangote Cement , Nigeria and Africa’s leading cement manufacturer, reported a whopping N1.022 trillion in revenue in the first nine months of 2021, slightly below the N1.034 trillion realised in the whole of 2020. The manufacturer disclosed this in its unaudited financial statement released on the Nigerian Exchange Limited. Production cost of sales stood at […]
By Aduragbemi Omiyale An experienced investment banker, Mr Adeniyi Falade, will join the board of Custodian Investment Plc as a directive with effect from January 1, 2022. Mr Falade, who studied Chemistry at the university for his first degree, is expected to use his wealth of experience of over three decades in the financial services […]
The shares of WAPCO Plc recorded a gain of 2.62% at the end of today’s trading session. The appreciation may be attributed to the buy-interests in the shares of the company inducing a gain of N10.47 billion in market capitalization at the close of trading activities on the stock exchange market. The shares of the […]
Proshare Nigeria Pvt. Ltd. COVID-19 Health Updates 21st of November 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory Confirmed: 213,589 cases (New: 57) Discharged: 206,518 Deaths: 2,974 (New: 1) Proshare Nigeria Pvt. Ltd. Proshare Nigeria Pvt. Ltd. PROSHARE ECONOMY Axxela Announces Its Long-term Issuer and Issue Ratings Upgrade With a Stable […]
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