By Kayode Tokede The Nigerian equities market yesterday closed trading activities on a bearish note, extending the losing streak to three consecutive trading session. The negative performance was buoyed by investors’ sell-off sentiment in all the major market sectors, excluding…
By Kayode Tokede Flour Mills of Nigeria Plc has announced 12 per cent increase in profit before tax to N7.3 per cent in first quarter (Q1) ended June 30, 2021 results compared to N6.5billion reported in first quarter results of…
By Kayode Tokede UAC of Nigeria Plc has announced N46.5billion revenue in its unaudited result and accounts for half year ended June 30, 2021, about 27 per cent increase compared to N36.6billion reported in prior period under review. According to…
By Kayode Tokede Union Bank of Nigeria Plc on Thursday reported 1.4 per cent increase in profit to N11.5billion in unaudited result and accounts for half year (H1) ended June 31, 2021 from N11.3billion reported in prior half year unaudited…
By Kayode Tokede Transactions on the Nigerian stock market yesterday closed on a negative note to extend previous day sentiment trading by investors.’ Specifically, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 11.12 basis points, representing a decline…
By Kayode Tokede FCMB Group Plc has reported 19.5 per cent Year-on-Year (YoY) drop in its profit before tax to N8.9billion in unaudited result and accounts for period ended June 30, 2021 from from N11.07billion reported in H1 2020. The…
By Kayode Tokede Cornerstone Insurance Plc, on Tuesday said it recorded a Gross Premium Written of N 17.53 billion for the year ended Dec. 31, 2020. Chairman of the company, Mr Segun Adebanji announced this at the 29th Annual General…
By Kayode Tokede Vitafoam Nigeria Plc has reported 59.2 per cent increase in profit to N3.41billion in nine months ended September 30, 2021 unaudited results as against N2.14billion reported in nine months of 2020. The Household Durables company on the…
By Kayode Tokede The Nigerian Exchange Limited stock market on Tuesday closed transaction on a negative note to halt five-days of market gaining streak. The profit-taking is coming on the heels of Central Bank of Nigeria (CBN) decision to hold…
By Kayode Tokede The Chief Executive Officer, Nigerian Exchange (NGX) Limited, Mr. Temi Popoola, hosted an engagement session with Institutional clients on Monday. The virtual event saw Mr. Popoola speak passionately about the plans of NGX post-demutualisation, emhpasising where the…
