Nigerian Stock Exchange Investors Earn N733bn Dividends In Nine Months Investors have received over N732 billion from dividend payout by 58 companies across 10 sectors listed on Nigerian Exchange Limited (NGX) in nine months. A breakdown of the N732.91 billion dividend paid so far by listed firms on the exchange showed that out of the […]
The Nigerian Exchange Limited All-Share Index posted the worst gains among African stock markets at -2.53 per cent year-to-date as of September 7, according to African Markets. African Markets is a provider of financial market data, news, analysis, and research with a focus on Africa. Data from the website showed that among 17 stock exchanges […]
We retain Outperform rating on Total shares Total’s Q2 ’21 results were strong across the P&L. Sales were up 132% y/y to NGN84.6bn, driven by a recovery in all segments. Although we had expected sales to compare favourably with last year because of lockdowns in Q2 ’20, the magnitude of the y/y increase was surprising. […]
The sentiment was positive on African equity markets this week. Among the 17 markets we cover, twelve advanced while four retreated, and one remained flat. The Dar es Salaam Stock Exchange led the performance charts as Tanzanian equities jumped 6.56%. Conversely, Mauritian equities dropped 2.13%, the most on the continent. Due to the Eid al-Adha […]
Following gains by some blue-chip stocks, the Nigerian Exchange (NGX) Limited sustained an uptrend trend yesterday, pushing the market capitalisation to close at N20.027 trillion. The All-Share Index (ASI) grew by 198.03 absolute points, representing an increase of 0.52 per cent to close at 38,418.04 points. Similarly, the overall market capitalisation value gained N104 billion […]
Total Nigeria is following an alternative route of cost cutting to build profit in the face of a sustaining drop in turnover. And it is cutting as much costs as it can with virtually every key expense line down in the first quarter. The oil marketing company is losing sales revenue for the third year […]
Total Exploration and Production Nigeria Total Nigeria Forecasts Cash Flow Of N19.17bn In Q3, 2021 Total Nigeria Plc has forecast a free cash flow of N19.17bn by September 31 after purchases of fixed assets have been accounted for. The company said in a statement that it expects revenue of N66.03bn in the third quarter with […]
The logo of Total oil company is pictured in Abuja, Nigeria October 18, 2017. The Board of Total Nigeria Plc has approved a total dividend of N2.06 billion representing N6.08 per share for the 2020 financial year at the 43rd Annual General Meeting of the company. This is according to an official disclosure sent to […]
The Board of Total Nigeria Plc has approved a total dividend of N2.06 billion representing N6.08 per share for the 2020 financial year at the 43rd Annual General Meeting of the company, held at The Civic Centre, Lagos on 17th of June, 2021. This is according to an official disclosure signed by the company’s secretary, […]
Nigerian Exchange Group (NGX) The Nigerian Exchange Limited (NGX) halted three consecutive days of trading losses as renewed bargain hunting in most blue-chip stocks lifted market capitalisation by N8 billion. At the close of transactions yesterday, the All-Share Index (ASI) increased by 15.31 absolute points, representing a growth of 0.04 per cent to close at […]
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