-11% reduction to our 2019-21E EPS estimates Total Nigeria’s (Total) Q4 2018 earnings of N295m were disappointing. Although sales were up 21% y/y, significantly higher cogs and operating expenses weighed on profitability. The operating environment was tough in 2018 as the landing cost of gasoline was higher than the pump price for most of the […]
11 Plc (Mobil Oil Nigeria Plc) 11 Plc (formerly known as Mobil Oil Nigeria) recently released its full year results for 2018. Revenue increased from N125 billion in 2017 to N164 billion in 2018, up 31%. While profit before tax was flat, profit after tax rose by 24% to N9.3 billion in 2018, up from […]
The Nigerian equities market closed marginally in negative territory amid sustained profit taking activity as investors continued to patronise fixed income assets. The decline in overall market performance was partly subdued by partial recovery in the share prices of Dangote Cement and Zenith Bank, amid technical marked down for dividend. The benchmark index posted losses […]
Lagos – The local bourse regained losses from earlier trading sessions to close slightly bearish, as sell-offs in market bellwethers outpaced last-minute bargain hunting activities. A total turnover of 1.198 billion shares worth N12.273 billion in 18,293 deals were traded last week by investors on the floor of the Exchange in contrast to a total […]
Jean Philippe Torres appointed new Total Kenya Chairman/FILE He takes over from Jean Christian Bergeron another French national who has resigned from the position he has held since September 2015. No reason for his resignation has been disclosed. Torres is a finance graduate of the University of Lille, obtained a masters in finance from the […]
The Nigerian Stock Exchange (NSE) kicked off this week’s trading with a 0.32% decline in the All Share Index at 35,311.36 basis point. The Market capitalization closed at N12.891 trillion. The gainer’s chart was led by Total Nigeria Plc, Flour Mills of Nigeria Plc, Lafarge Africa, Nigerian Breweries Plc and Guaranty Trust Bank with their […]
nigeria stock exchange Trading activities on the floor of Nigerian Stock Exchange yesterday returned to bullish trend, gainig N75 billion. Specifically, market capitalisation of listed equities increased by 0.58 per cent to N12.966 trillion from N12.891 trillion reported on Monday. Also, the NSE All Share Index rose by 204.85 basis points to 35516.21 points from […]
Nigerian Stock Exchange It was a quick reversal of Monday’s negative sentiments yesterday, following price gains recorded by most blue-chip stocks, the Nigerian equity market as the all-share index appreciated by 0.6 per cent. The improved performance was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Total Nigeria, Flourmills Nigeria, […]
By Dipo Olowookere Gains recorded by 33 counters led by Total Nigeria Plc on Tuesday reversed the loss posted on Monday by the stock market. The Nigerian Stock Exchange (NSE) had closed 0.32 percent lower yesterday, but buying interest by investors today lifted the market, closing 0.58 percent higher at the close of transactions. A […]
By Dipo Olowookere The local stock market started the week on the wrong foot on Monday as political uncertainties continued to weigh in on the market. Yesterday, the Nigerian blogosphere was dominated by a report by Financial Times claiming President Donald Trump of the United States of America (USA) allegedly told his aides that he […]
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