Global Spectrum Energy Services Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue declined by -28% to N1.3bn from N1.8bn in the previous quarter. Profit before tax declined by 33% to N154m. Profit after tax declined by 32% to N128m. Net Assets grew by 2.6% from N4.9bn […]
LivingTrust Mortgage Bank Plc has applied for regulatory approval to raise N2.75 billion new equity capital from its shareholders as the mortgage fir seeks to build up its balance sheet for aggressive growth. LivingTrust Mortgage Bank plans to float a rights issue of five billion ordinary shares of 50 kobo each at 55 kobo per […]
Chellarams Plc released its 2021 Audited results for the period ended March 31st, 2021. Key Highlights Revenue declined by 29% to N4.8bn from N6.8bn in the previous quarter. Loss before tax stood at N3.6bn. Loss after tax stood at N3.8bn. Net Assets also stood at -N7bn. Share Price Currently Stands at N2:78k Proshare Nigeria Pvt. […]
Authorities at the Nigerian Exchange (NGX) Limited have lifted suspension on trading in shares of Chellarams Plc after the conglomerate complied with extant corporate governance rules by submitting its financial statements. Chellarams, which is listed on the growth board of the NGX, was suspended in September 2021 after it failed to meet the required corporate […]
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 […]
The Nigerian Exchange Limited has suspended trading in the shares of four firms this year for falling short of regulatory criteria, even as it is in the process of delisting three firms. The NGX Regulation Limited said in a report that Chellarams Plc, Niger Insurance Plc, The Tourist Company of Nigeria Plc, and Thomas Wyatt […]
Twenty-three companies listed on the Nigerian Exchange Limited recorded year-on-year losses worth N105.78bn in their market capitalisation as the half-year period ended in June. According to data from the NGX available to our correspondent, 23 firms led by CWG Plc failed to increase their share prices after a year of trading between June 30, 2020 […]
Following sustained bargain-hunting in the shares of most blue-chip stocks, the Nigerian equity market extended a bullish run to three consecutive sessions, yesterday, as the All-Share Index (ASI) increased further by 0.11 per cent. At the close of transactions Wednesday, the ASI expanded by 45.10 absolute points, or 0.11 per cent increase to close at […]
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