By Philemon Adedeji The Nigerian equity market closed for the second day of the week on negative note, the market’s weak performance was primarily driven by selloffs in GEREGU Power (-6.38 per cent), WAPCO Insurance (-0.89 per cent) and DANGOTE…
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 Opening the week yesterday, Trading activities on the Nigerian Exchange Limited (NGX) closed on a bullish sentiments amid gains recorded in, MTNN (+1.08 per cent), BUAFOODS (+0.75 per cent), alongside ZENITH BANK (+0.29 per cent) kept the…
By Philemon Adedeji Lafarge Africa Plc has declared N55.32 billion profit before tax in half year (H1) ended June 30, 2023, an increase of 18 per cent from N46.88 billion reported in half year ended June 30, 2022. From the…
The Nigerian Exchange Limited has notified the investing public that it has lifted the suspension placed on trading in the shares of Presco Plc for default in filing its financials as when due. According to the report, NGX stated: “We…
By Philemon Adedeji The Nigerian equity market ended the trading week in downbeat, as the NGX All-Share-Index (ASI) shed 64.98 basis points closing at 65,198.08 index points, in contrast to the previous session’s gain of 155 basis points when it…
GlaxoSmithKline Consumer Nigeria Plc, the makers and distributors of Panadol in Nigeria has decided to close down its operations in the country and will present a scheme on shareholders’ money to the Securities and Exchange Commission (SEC), the capital market…
In line with its commitment to enhance investor participation in the Nigerian capital market, boost secondary market liquidity, and facilitate savings mobilisation to drive economic growth, Nigerian Exchange Limited (NGX) in collaboration with the Securities and Exchange Commission (SEC) and…
By Dakuku Peterside Hunger is widespread and chronic in Nigeria, and its prevalence is one phenomenon that statistics cannot fully capture; not even the global hunger index does justice to it. Statistics deals with numbers, but hunger deals with humans.…
Yesterday, the Nigerian stock market extended gains for the second consecutive session driven by rebounds in index heavyweight, MTNN (+6.46 per cent) alongside Tier-1 banking names ZENITH BANK (+0.30 per cent) and GTCO (+2.25 per cent). The NGX All Share…
