Total Nigeria forced its way through a major drop in sales to register a turnaround from a half-year loss of N537 million to a profit of N2.2 billion at the end of the 2020 financial year. The company’s management report for the year shows that the final quarter accounted for N1.7 billion or 78 percent […]
Nigerian stocks were up by N436.250 billion in the week that just went by. Nigerian stocks were up by N436.250 billion in the week that just went by, buoyed by a number of impressive earnings report and corporate actions like dividend declaration that strengthened investors’ sentiment. Monday, Wednesday and Thursday’s sessions were upbeat while the […]
Joseph Olaoluwa The total expenses made on transportation and freight costs of oil products by three major oil marketing companies in the country in 2020 amounted to N3.68bn. This is in contrast to the N5.13bn the oil firms spent for the same purpose in 2019. The oil marketing companies, Total Nigeria Plc, MRS Oil Nigeria […]
Joseph Olaoluwa The total revenue generated by two of the major oil marketing companies in the country from the sale of aviation fuel plunged by 57.99 per cent in 2020, compared with 2019. Last year, the nation’s airports were closed on March 23, 2020 to stem the spread of the COVID-19 pandemic in the country […]
Aviation Fuel Terminal Aviation Fuel Revenue Falls By N20.03bn The total revenue generated by two of the major oil marketing companies in the country from the sale of aviation fuel plunged by 57.99 per cent in 2020, compared with 2019. Last year, the nation’s airports were closed on March 23, 2020 to stem the spread […]
By Taofik Salako, Deputy Group Business Editor The Nigerian Stock Exchange (NSE) has removed 17 companies from its market-gauging indices to ensure that the indices fully reflect the market situation and the underlying fundamentals they represent. At the end of the annual full-year market index review, the NSE removed 17 companies from seven indices while […]
The Nigerian Stock Exchange (NSE) has made its annual full year review of the market indices which includes: the NSE 30, NSE Lotus Islamic, NSE Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index and the five sectoral indices comprising the NSE Banking, NSE Insurance, NSE […]
Total Nigeria managed to overwrite a half year loss in the third quarter but the company is still headed for the worst performance in many years in the 2020 financial year — crashing sales revenue is the centre of its challenges. The petroleum marketing company lost 37 percent of turnover quarter-on-quarter in the third quarter […]
The Nigerian stock market opened for four trading days this week as the Federal Government of Nigeria declared Thursday 1st October 2020 a Public Holiday. The All-Share Index appreciated by 2.53% while Market Capitalization appreciated by 2.55% to close the week at 26,985.77 and N14.105 trillion respectively. Investors gained a whopping N350.12bn. A total turnover […]
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, […]
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