On the heels of impressive earnings in nine months ended September 30, 2021, it has emerged that double-digit inflation, foreign exchange devaluation, among other factors impacted the 10 most valued companies on the Nigerian Exchange Limited (NGX) as their Operating Expenses (OPEX) went up by 16 per cent to N1.5trillion from N1.34 trillion in the […]
On the heels of a severe operating environment, United Bank for Africa Plc (UBA) maintained an impressive performance in its core banking operating segment to support growth in profitability and outshine its peers. The pan-African bank’s nine months ended September 30, 2021 result and accounts showed an impressive performance on the heels of severe challenging […]
Darasimi Adebisi The stock market of the Nigerian Exchange Limited (NGX) appreciated by N165billion in its Wee-on-Week performance as investors renewed interest in Nigerian Exchange (NGX) Group, Nigerian Breweries Plc, BUA Cement Plc, Total Nigeria Plc and Stanbic IBTC holdings Plc. The stock market witnessed four days of trading activities as the Federal Government declared […]
Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At the close of transactions yesterday, the All-Share Index (ASI) declined by 25.53 absolute points, representing 0.06 […]
Nigerian Stock Exchange Sustained Profit-taking Drags Market Capitalisation By N12bn Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At the close of transactions yesterday, the […]
International Breweries recorded a revenue growth of 32.1% to N46.43 billion in the third quarter of 2021. This is contained in its Q3 2021 financial report, released on the website of the Nigerian Exchange Group (NGX). According to the report, the firm’s top line increased by 32.1% from N35.15 billion recorded in the corresponding period […]
Guinness Nigeria Plc has approved N1.008 billion in dividends for shareholders as the company recorded a 54 percent increase in revenue for the year ended June 30, 2021. The board of the company disclosed this at the 71st annual general meeting (AGM) held in Lagos at the end of October. Omobola Johnson, the chair of […]
With the upward trend in global oil prices, investors are building positive sentiments around oil, thereby ensuring that the oil and gas sector on the Nigerian Exchange (NGX) Limited grew by N145.734 billion in the first nine months of the year. The gain was triggered by the gains in the share prices of Seplat Energy, […]
(L-R) Chairman of BUA group, Abdul Rabiu; Chairman of Dangote Group, Aliko Dangote; and President of Nigeria, Major General Muhammadu Buhari (retd.) at investment summit in Saudi Arabia. Credit: Femi Adesina The President, Major General Muhammadu Buhari (retd.), on Wednesday met with the Chairman of Dangote Group, Aliko Dangote, at an investment summit in Saudi […]
Transactions on the Nigerian stock market opened trading for November on a negative note with the market capitalisation losing N32 billion on profit-taking. Specifically, the market capitalisation which resumed for the month at N21.938 trillion lost N32 billion or 0.15 per cent to close at N21.906 trillion. Also, the All-Share Index dropped 61.81 points or […]
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