Bargain-hunting in many blue-chip stocks, especially Red Star Express and Meyer, aided the Nigeria Exchange Limited’s (NGX) rebound yesterday, as the All-Share Index (ASI) increased by 0.09 per cent. Specifically, at the close of transactions yesterday, the ASI rose by 39.84 absolute points, representing a growth of 0.09 per cent to close at 42,357.36 points. […]
Stock traders in a stock market Nigerian stocks returned to gain on Wednesday as the benchmark index jumped rose per cent even though that was too paltry in obliterating the loss of the session before. GTCO, Nigeria’s biggest lender by market value, steered the climb alongside beer-maker Nigerian Breweries, with support from FBN Holdings and […]
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 […]
Dangote Cement and MTN Nigeria are the two biggest publicly listed company in Nigeria as at October 2021 The two firms are among the five biggest companies in the exclusive club of over N1 trillion market capitalisation Data from Nigeria Exchange shows as of October 2021, shows there are over 156 listed companies with a […]
Nigerian Breweries HQ [Photo credit: ow.ly] Nigerian Breweries PLC has announced an interim dividend of N0.40 per ordinary share which translates to a total payout of N3.2 billion to its investors. The N0.40 dividend is 60 per cent higher than the N0.25 interim dividend declared last year. Total dividend last year was N0.94. The N0.40 […]
Nigerian Breweries Plc has said it posted a profit of N8.47bn for the third quarter of the 2021 financial year, compared to N7.1bn in the same period of 2020. The company’s revenue rose to N309.22bn from N234.02bn in the corresponding period in 2020, according to a statement signed by the Company Secretary/Legal Director, Nigerian Breweries, […]
Nigerian Breweries Nigerian Breweries (NB) Plc has posted revenue of N309.22 billion in its third quarter operations as against N234.02 billion recorded in the corresponding period of 2020. Specifically, the company’s performance for the third quarter that ended in September 31, 2021 showed 32.1 per cent increase in revenue from N234.02 billion to N309.22 billion. […]
The Consumer Goods Index, which tracks the daily and weekly performance of quoted FMCG companies, depreciated week-on-week by 1.46%, from 569.18 points on Monday, to 560.85 points, at the end of Friday’s trading session. The decrease recorded in the consumer goods index was driven mainly by Nestle Nig Plc, Nigerian Breweries Plc and Unilever Nig. […]
Kayode Tokede On the heels of reporting N464.35billion trade and receivable in nine months ended September 30, 2021, the likes of MTN Nigeria Plc, Nigerian Breweries Plc, among other companies might exceed 2020 receivables in this year’s financial results. Trade and receivables are the amount owed to a business by its customers following the sale […]
At the end of today’s trading session, International Breweries Plc share price depreciated by 2.63% to close at N5.55 per share, taking the Market capitalization from N153.11 billion to N149.08 billion. International Breweries Plc, today, 5th November 2021 recorded a loss in share price which can be attributed to investors’ negative sentiment which triggered sell-pressures […]
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