The board of Zenith Bank Plc has announced a delay in the release of its Half-Year (HY) financial results due to post-audit issues. This was disclosed in the company’s statement to the Nigerian Exchange Limited (NGX). According to the statement…
FBN Holdings Plc reaped an unexpected harvest of almost N232 billion from fair value gain on financial instruments in the second quarter – which multiplied group-after-tax profit close to three and a third times to a record N187 billion in…
Foreign exchange gain of N32.2 billion in the second quarter has sped up Fidelity Bank’s elevated first quarter earnings further, lifting after-tax profit two and a third times year-on-year to N53 billion at half-year. The bank raked in N38 billion…
By Philemon Adedeji Bearish sentiments drove the domestic equities today as the NGX All-Share Index closed at 0.47 per cent lower to 64,625.28 basis points, marking its third successive session decline caused by selloffs in Telco heavyweight, AIRTEL AFRICA (-5.30…
Naira appreciated in the P2P market when it broke below the N900 price on Binance in the early hours of Tuesday. The price patterns on the USDT/NGN chart highlighted a steady decline from N945 to N890 against the dollar as…
The Nigerian Exchange Limited (NGX) has fined eight quoted companies N32.74 million for failure to file their unaudited financial statements after the regulatory due date. An investigation showed that the companies were sanctioned during the current year 2023 for their…
By Philemon Adedeji Trading activities on the Nigerian Exchange Limited (NGX), closed yesterday on a bearish sentiments for the second day of the week, this caused market capitalisation to decline by N153 billion, the market’s weak performance was driven primarily…
Nigerian Breweries Plc has recovered from a 10.5 percent drop in sales revenue in the first quarter to register a 13 percent growth in net sales to over N154 billion in the second quarter. It however closed the quarter with…
Nigeria Exchange Limited (NGX) has approved CWG Plc’s free float compliance extension request for three years (2023- 2026). According to a press release signed by Company’s Secretary DCSL Corporate Services Limited, the extension is to enable the Company to comply…
By Philemon Adedeji Opening the week, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) relapsed by 289 basis points or 0.44 per cent to close at 65,036.37 points driven by profit taking in ZENITH BANK (-2.57 per cent), GTCO (-0.79…
