Transactions on the equities sector of the Nigerian Stock Exchange (NSE), continued southward for the third successive sessions, as investors wealth plunged by N278 billion The All-Share Index (ASI) lost 531.25 absolute points or 1.53 per cent to close at 34,242.83 points. Similarly, the overall market capitalisation value also shed N278 billion to close at […]
The research analysis of Lubricating Grease market offers significant information regarding the major trends that define this business landscape with regards to the regional outlook and competitive scenario. The report also highlights the limitations & challenges that could hamper the industry remuneration alongside the key opportunities that will aid in business expansion. Moreover, the document […]
Joseph Olaoluwa The total expenses made on transportation and freight costs of oil products by three major oil marketing companies in the country in the first six months of the year amounted to N1.5bn. This is in contrast to the N1.9bn the oil firms spent for the same purpose in 2019. The oil marketing companies, […]
NSE Daily Market Summary Losses on the Nigerian Stock Exchange slowed in today’s trading after yesterday’s plunge . TheAll-Sharee Index closed at 32,022.23 basis points, down 0.84%. Year to date, the exchange is down 16.27% and is the worst performing in Africa. Top Gainers and Losers Skye Bank was the best performing stock in today’s […]
Conoil Plc Conoil Grows first half profit by 29% Conoil Plc recorded double-digit growths in sales and profitability in the first half of this year, with pre-tax profit rising by 29 per cent to N809.78 million within the six-month period. Key extracts of the interim report and accounts of Conoil for the period ended June […]
By Blessing Adegor Dangote, a wholly Nigerian brand, has been voted the most valuable brand in the 2018 Top 50 Brands, upstaging MTN Nigeria at the top with 87.4 points to MTN’s 80.8 points. Aliko Dangote Dangote which previously held the position of most valuable Nigerian brand, and having emerged the most valuable brand overall […]
Conoil Plc has announced a profit after tax of N550.651 million for the half year financial results in the period ended June 30, 2018. The company yesterday released its first quarter and second quarter results on the Nigerian Stock Exchange (NSE). The company in the quarterly results recorded improved performance across key financial parameters despite […]
The Senate on Wednesday approved the payment of 348 billion outstanding subsidy claims to 74 petroleum marketers in the country. This helped Oando’s share price spike to the top of the gainer’s table on Thursday. The approval followed the adoption of the interim report of the committee on petroleum downstream on the promissory note programme […]
Nigerian equities market It was a week that the bears dominated trading at the stock market, contrary to expectations that the gains posted the preceding week would be sustained. The market had recorded a marginal growth of 0.09 per cent two weeks ago, following investors’ reaction to the financial results of companies for the half […]
Conoil Plc has lived up to its pledge to maintain its growth momentum as the company’s recorded improved performance in the first half, H1’18 with profit soaring by 29 percent to N809.78 million. The unaudited half year report of the company released by the Nigerian Stock Exchange (NSE) showed that notwithstanding the tough economic environment, […]
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