capital market

eTranzact records N2.2bn profit in 2023

eTranzact International Plc on Monday announced a Profit After Tax (PAT) of N2.2 billion for the year ended Dec. 31, 2023, as against N1.18 billion posted in 2022. Company Secretary of eTranzact, Mr Isaiah Oreweme, said this in the company’s…

NGX: Investors lose N220bn

Investors in the Nigerian equities market lost N220 billion at the close of trading on Monday. This followed the dip in the share value of some entities, including Abbey Mortgage Bank, Champion, Regalins and Chams on the trading floor today.…

NGX-ASI declines for second day running

The NGX All-Share Index (ASI) declined for the second day running at the close of trading on Wednesday. The NGX-ASI has been declining since the Easter holidays ended with the market continuing a bearish movement. The ASI dropping 336.82 points…

Cadbury Nigeria loses N19.09bn in 2023

Cadbury Nigeria Plc has announced a loss of 3,374 per cent for the year ended Dec.31, 2023, as it recorded N19.09 billion loss, as against N583.1million posted in year 2022. Mrs Fola Akande, Company Secretary, Cadbury Nigeria stated this in…

NGX market capitalisation down by 0.08%

Transaction activities of the stock market on the Nigerian Exchange Ltd. (NGX) declined by 0.08 percent, making the market capitalisation close the week at N59.121 trillion. Specifically, investors lost a total of N48 billion in the four trading sessions, making…