Darasimi Adebisi Oando Plc, Medview Airlines Plc, among other listed companies have failed to submit over two-year audited result and accounts on the Nigerian Exchange Limited (NGX). The Exchange disclosed that Oando, Medview Airlines, International Energy Insurance Plc, Thomas Wyatt Nigeria Plc, and Goldlink Insurance Plc have not submitted 2019 & 2020 audited results to […]
Investment analysts have stated that the release of third quarter (Q3) or nine months earnings reports by quoted companies will sustain the positive sentiment in the Nigerian stock market. Cordros Securities Limited said: “in the week, we expect NGX’s floor to be flooded with results as the Q3, 2021 earnings season commences in full swing. […]
13 Nigerian companies listed on the Nigerian Exchange Limited (NGX) remitted a total tax of N289.4billion The Federal Inland Revenue Service (FIRS) is one of the collecting agencies and recently declared it exceeded its target in the first eight months of 2021 Companies operating in Nigeria are meant to pay income tax, Education tax, National […]
A total of six banks generated N64.27billion from maintaining customers’ current accounts in nine months of 2021, an increase 40.6 per cent from N45.7 billion reported in nine months of 2020. The six banks are Access bank Plc, Zenith Bank Plc, United bank for Africa, Guaranty Trust holding Company Plc, Sterling Bank Plc and Union […]
According to the Nigerian Exchange, there are over 156 listed firms with a total market capitalization of over N21 trillion While some companies’ stocks have made billions for shareholders, many are left to count their losses As the year draws to a conclusion, many people’s prospects of recovering are dwindling, while others will just have […]
Berger Paints Q4 net profit declines 21% to Rs 75 crore Berger Paints India Ltd on Wednesday reported 1 per cent decline in consolidated net profit at Rs 219.21 crore for September quarter 2021-22 impacted by high raw material cost and COVID-19. The company, which is into paints and coatings, had posted a net profit […]
The Nigeria Exchange Limited (NGX) has stated that trading of financial derivatives in Nigeria through the organised exchange will play a pivotal role in developing the nation’s bourse and the economy. Speaking at a virtual 6th Market Data Workshop, NGX Chief Executive Officer, Temi Popoola, said trading in derivatives aligns with the exchange’s commitment to […]
Capital market analysts said, following the latest trend in the Nigerian equities space, the market is likely to see mixed trading this week. Speaking on market performance for this week, analysts at Cordros Securities Limited said: “we expect investors to rebalance their portfolios based on an assessment of corporate earnings released for third quarter (Q3), […]
TY Holdings Limited, the investment holding firm of Lt.-Gen. Theophilus Danjuma (rtd), has launched a takeover bid for equity stakes held by minority shareholders in the former BOC Gases Nigeria Plc after the investment firm of the former Minister of Defence acquired majority stake in the industrial gas company. TY Holdings had acquired 60 per […]
By Aduragbemi Omiyale There are reports that a billionaire businessman, Mr Femi Otedola, is coming back into the capital market on a big scale a few years after he offloaded his stake in Forte Oil , 75 per cent , which later became Ardova Plc under its new owners. It is believed that business mogul […]
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