Nigerian equities expanded by 0.71 per cent on Wednesday, extending the gain recorded at the previous session in an advance dominated by blue-chip consumer goods shares. Food giant Nestle , Vitafoam, Flour Mills, Unilever and Honeywell Flour contributed hugely to the run. Market breadth was negative as 20 gainers emerged against 16 laggards. The all-share […]
Capital market. Photo: SHUTTERSTOCK The capital market closed trading for the First Half (H1) yesterday, in an upbeat as price gains outweighed losses, leading to an appreciation in the market capitalisation by N139 billion. At the close of trading, the all-share index (ASI) grew by 266.53 absolute points, representing an increase of 0.71 per cent […]
Nigerian stocks were up 0.22 per cent on Wednesday, on course for another week of positive return, as traders and investors continued to shift their gaze to some of the big bank stocks to take strategic positions ahead of the release of companies quarterly and half-year earnings reports due any moment from now. Access, the […]
Nigerian Exchange Group (NGX) The increasing appetite for interim dividend-paying stocks has continued to propel transactions across all sectors on the Nigerian Exchange Limited (NGX), as investors’ wealth soared by N147 billion in three trading days. Specifically, the market capitalisation, which stood at N19.923 trillion when the market reopened for trading on Monday, rose by […]
The market capitalisation of equities listed on the Nigerian Exchange Limited rose on Wednesday for the fourth straight trading day, gaining a total of N314.20bn. At the end of trading on the floor of the NGX on Wednesday, the All-Share Index increased by 0.22 per cent to 38,418.04 basis points from 38,418.04 on Tuesday. The […]
Total Nigeria is following an alternative route of cost cutting to build profit in the face of a sustaining drop in turnover. And it is cutting as much costs as it can with virtually every key expense line down in the first quarter. The oil marketing company is losing sales revenue for the third year […]
Total Exploration and Production Nigeria Total Nigeria Forecasts Cash Flow Of N19.17bn In Q3, 2021 Total Nigeria Plc has forecast a free cash flow of N19.17bn by September 31 after purchases of fixed assets have been accounted for. The company said in a statement that it expects revenue of N66.03bn in the third quarter with […]
The logo of Total oil company is pictured in Abuja, Nigeria October 18, 2017. The Board of Total Nigeria Plc has approved a total dividend of N2.06 billion representing N6.08 per share for the 2020 financial year at the 43rd Annual General Meeting of the company. This is according to an official disclosure sent to […]
The Board of Total Nigeria Plc has approved a total dividend of N2.06 billion representing N6.08 per share for the 2020 financial year at the 43rd Annual General Meeting of the company, held at The Civic Centre, Lagos on 17th of June, 2021. This is according to an official disclosure signed by the company’s secretary, […]
Nigeria realised a meagre N496 billion from solid minerals in 13 years despite the country’s huge deposits, the Nigeria Extractive Industries Transparency Initiative (NEITI) has said in its latest audit report. The amount is what accrued to the federation as revenue between 2007 when NEITI commenced reconciliation of payments in the solid minerals sector and […]
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