Oando Nigeria Plc has announced that it recorded a turnover of N679.5 billion and Profit After Tax of N28.8 billion for the financial year ended December 31, 2018. According to the firm’s audited result, turnover increased by 37 per cent to N679.5 billion compared to N497.4 billion in 2017, while PAT rose by 46 per […]
Tag: XNSA_OANDO
28 Firms Lose As Stock Market Declines Further
28 Firms Lose As Stock Market Declines Further The nation’s stock market declined further on Tuesday as bearish sentiments persisted, making investors lose N4.8bn. The market capitalisation of equities listed on the Nigerian Stock Exchange dropped from N10.954tn on Monday to N10.948tn on Tuesday while the year-to-date loss stood at -7.3 per cent. On Tuesday, […]
Bears maintain hold on stocks as NSE ASI dips 0.39%
The bearish performance at the equities market continued into the fourth consecutive trading session, Thursday. The negative performance for the day were specifically spurred by losses in Dangote Cement which fell 0.5 percent, Eco Transnational Incorporated (ETI) which declined 3.3 percent and Access Bank which depreciated by 4.3 percent. As a result, the benchmark index […]
Equities Market Declines Further as Investors Ignore Companies’ Results
Goddy Egene The Nigerian equities market witnessed further decline yesterday as investors appeared to be ignoring the 2018 financial results of companies. The market had shed 1.2 per cent in the first quarter of 2019 majorly due to political risks. Stakeholders have been hoping that the reduced political tension after the general elections and release […]
Nigeria’s Oando to raise fresh capital
Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France. Picture: REUTERS/CHRISTIAN HARTMANN Lagos — Nigerian oil company Oando aims to raise fresh capital over the next two years and repay debt used to acquire Conoco Phillips’ Nigerian assets, its CEO Adewale Tinubu said . Oando has transformed itself in the past few years […]
Forte Oil leads gainers as stock market sheds N43bn
nigeria stock exchange Forte Oil Thursday led gainers during the day, appreciating by N2.45 kobo to close at N27.40 kobo, Vitafoam Nigeria Plc followed with a gain of N0.28 kobo to close at N3.85 kobo, Oando Plc appreciated by N0.15 kobo to close at N4.95 kobo, Zenith Bank Plc increased by N0.10 kobo to close […]
Stocks Market Up By 0.28% Amid Bargain Hunting
The Nigerian stocks market rose yesterday by 0.28 per cent amid renewed bargain hunting activity in Banking and Oil & Gas stocks. In summary, the All Share Index (ASI) gained 96.18 absolute points, representing a growth of 0.28 per cent to close at 34,933.86 points. Similarly, the market capitalisation gained N35 billion to close at […]
Equities Market Begins September Flat As ASI Down By 0.03%
Trading on the Nigerian equities market began the month of September on a slightly negative note as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) declined by 0.03 per cent, yesterday. NSE-ASI shed 10.95 absolute points, representing a decline of 0.03 per cent to close at 34,837.50 points. Also, the market capitalisation declined by N4 billion […]
Stock market opens September with N4b losses
Nigerian Stock Exchange Equity transactions on the floor of the Nigeria Stock Exchange (NSE), reopened September trading on a downward note yesterday, as most highly capitalised stocks recorded price depreciation, causing market capitalisation to plunge by N4 billion. Yesterday, the All-Share Index (NSE-ASI) declined by 10.95 absolute points, representing a decline of 0.03 per cent […]
NSE: Trading Resumes After Eid-El-Kabir Celebration With 1.57% Growth
Transactions reopened on the Nigerian Stock Exchange (NSE) on Thursday after the two-day public holiday to mark Eid-El-Kabir celebration with a growth of 1.57 per cent. Specifically, the All-Share Index which opened at 34,663.48 rose by 542.68 points or 1.57 per cent to close at 35,206.16 compared with 34,663.48 achieved on Monday. Similarly, the market […]