First quarters are always characterized by the announcement of audited financial results by companies quoted on the Nigerian Exchange Group Plc (NGX Plc). One of the key drivers of an efficient market is the availability of authentic and regular information from quoted companies. It is a post listing requirement that a listed company must submit […]
Nigerian Stock Exchange Investors in Nigerian equities have earned more than N981 billion in net capital gains in the past seven trading sessions, making Nigerian stocks some of the most lucrative in the global stock markets. Benchmark indices for the Nigerian stock market yesterday rode on the back of increased demand across several sectors of […]
This is to notify The Nigerian Exchange (NGX) and the Market that a meeting of the Board of Directors of Guinness Nigeria Plc will hold on Wednesday, 26 January 2022 for the purpose of considering and approving the financial results for the quarter ended 31st December 2021, amongst other matters. Accordingly, in compliance with the […]
Analysts from securities companies are optimistic of stock market uptrend this week on Dangote Cement Plc shares buy-back programme and positioning for 2021 full year financial results. Analysts Optimism Analysts at Cowry Assets Management Limited say they expect the equities market index to further rise as investors buy more shares, especially Dangote Cement Plc, as […]
By Dipo Olowookere Nigerian Exchange (NGX) Limited has rejigged its market indices, with some companies leaving and joining, according to a statement made available to Business Post . It was stated that the review became effective from Tuesday. January 4, 2022, and the affected indices are the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate […]
Strong double-digit volume growth Revenue increased 58% Profit after tax increased by 580% Net financing costs decreased by 38% Distribution expenses increased 36% driven by higher volumes and inflation . Guinness Nigeria, a subsidiary of Diageo Plc, and a leading total beverage alcohol company in Nigeria has posted a revenue of N47.46 billion for its […]
INVESTORS seeking competitive and stable returns should consider a portfolio of value stocks in financial services, oil and gas, manufacturing, telecommunications and agriculture. In its latest “Top Picks”, FSDH Capital, an investment banking group, selected 10 stocks that provide reasonable assurance of returns as the full-year earnings cycle draws near. The model portfolio by analysts […]
Guinness Nigeria Plc released its Q1 2022 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue grew by 58% to N47bn from N30bn in the previous quarter. Profit before tax stood at N5.9bn. Profit after tax stood at N4bn. Net Assets grew by 6.7% from N74bn to N79bn. Share Price Currently Stands […]
By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited closed bullish on Thursday with a 0.41 per cent growth after closing bearish a day earlier. Buying interest across the major sectors of the market yesterday triggered the reversal of the loss, with the consumer goods sector emerging as the darling of […]
YEAR 2020 was no doubt a tough year for businesses in Nigeria and across the world with the attendant effects of COVID-19 pandemic disruptions in economic activities. This was as the global economy was hit by the worldwide lockdown on movements and restrictions with policies that affected and discouraged investments. Unfortunately, the impact of COVID-19 […]
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