By Philemon Adedeji Africa Prudential plc has declared its unaudited financial statements for the period ended 30th, 2022, declaring 19 per cent increase in gross earnings which moved to N1.99 billion in half year H1 2022 from N1.67 billion achieved…
The exchange rate between the naira and the US dollar closed at N426.58/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. Naira retracted on Wednesday, depreciating by 0.57 per cent to close at N426.58/$, from N424.17/$1…
By Philemon Adedeji Sentiments remained bearish in the domestic equities market yesterday, as losses in International breweries, Caverton Offshore Support Group and 20 others caused 0.12 per cent decline in the benchmark index. From the release of Nigerian Exchange Limited…
Nigerian breweries on Thursday reported the Sustained sell pressure which witnessed shares of some blue-chip firms quoted on the Nigerian Exchange has resulted in shareholders of Nigerian Breweries Plc losing about N26.717 billion in a trading day. The result showed…
By Philemon Adedeji Equities market on the Nigerian Exchanged Limited (NGX), still closed again on negative performance making a two-day consecutive declination with a loss of 0.23 per cent, the downward performance was due to price depreciation in medium and…
The exchange rate between the naira and the US dollar closed at N424.17/$1 at the official Investors and Exporters (I&E) window. Naira appreciated significantly against the US dollar at the official market on Tuesday, with a 1.16 per cent gain…
The naira continued to devalue against the dollar as it traded at N630 per dollar on Tuesday. However, the official market saw it trade at N430 to the dollar because of the persistent scarcity of the currency, resulting in a…
By Philemon Adedeji Equities market on the Nigerian Exchange Limited (NGX), yesterday turned negative with a marginal loss of 0.02 per cent following the concluded Monetary Policy Committee (MPC) two-day policy meeting. The benchmark interest rate (MPR) was hiked to…
By Philemon Adedeji United Capital Plc has declared its unaudited financial results for the half year ended 30th, June, 2022, declaring Profit After Tax (PAT) which increased impressively to N4.44 billion achieved in half year H1 2022 as compared to…
By Philemon Adedeji Credit Direct Limited, a member of FCMB Group PLC as reported 15.9 per cent increase in its borrowings to N17.264 billion achieved in 2021 from N14.893 billion achieved in 2020 in its statement of financial position ended…
