Nigeria’s biggest food company by market value, Nestle Nigeria Plc has reported a 6% leap in its after-tax profit for Full Year 2019. This and other details are...
Last week, the Nigeria Stock Exchange (NSE) shed about N610 billion in value owing to heavy sell pressure on the part of investors. A number of...
Oil and gas firm, Ardova Plc (formerly Forte Oil Plc), has reported a 520% increase in its after-tax profit for Full Year 2019. This and other details...
Custodian Investment Plc has recorded a 15% drop translating to N1.101 billion in after-tax profit for Full Year 2019. This and other details are published in its Consolidated...
United Bank for Africa (UBA) Plc has posted a 13% rise in its after-tax profit for Full Year 2019. The percentage increase translates to N10.482 billion increase...
Nigeria’s second-biggest company by market value, MTN Nigeria Communications Plc, has reported a 38.7% growth in bottom-line for Full Year 2019. By this action, MTNN joins Dangote Cement...
Heavy sell off cost the market N610 billion this week. So far this year, investors have lost N1.646 trillion due to the negative sentiments that have...
The Nigerian Stock Exchange extended its losing streak on Friday as profit-taking efforts drove the market southward. Investors lost about N308 billion at the end of...
The downtrend in the oil market reached a new nightmarish height Thursday as the Brent (against which Nigeria’s Bonny Light is benchmarked) tumbled to $51 a...
The crunch in the equity market bit harder today, causing the market capitalisation to shed N86 billion. A negative market breadth was posted: there were 19...
The nation’s debt service to revenue ratio is over 60 per cent. Put differently, Nigeria spends more than 60 per cent of its revenue on servicing debts. This...
Nigeria’s biggest company by market value, Dangote Cement Plc, has reported a profit decline of N190 billion at Full Year 2019 compared to the corresponding period...
The bear tightened its stranglehold on the market further today as the index went down by 0.22%. A negative market breadth was posted with 16 losers...
Share registration service firm, Africa Prudential Registrars Limited, Tuesday announced a dividend payout of N0.70 per share for the 2019 Full Year. Altogether, the firm will pay the...
The culmination of the world’s most expansive granulated urea fertiliser project is days ahead. Dangote Fertiliser Limited Tuesday declared that practically all the segments of the...
Revenue estimated at N127.53 billion was lost to flared gas by the Nigerian Government in the 11 months to November 2019. In quantity terms, this value...
The Nigerian Electricity regulatory Commission (NERC), in a major policy shift that aims at reforming the Nigerian electricity billing structure, has announced a directive repealing the...
Nigeria’s foreign reserves will be completely exhausted in four years time if the current depletion rate persists. The Nigerian external reserves status has become a national...
For about one month, the market has not found a stable footing like the first twenty days of the year when activities were predominantly, if not...
The Nigerian economy expanded by 2.55% at the end of last quarter of last year, compared to the corresponding period of 2018. This is contained in...
Between 2018 and 2019, the total value of investments in the Nigerian economy tumbled from US$90.89 billion (N33.039 trillion) to US29.91 billion (N10.872 trillion). Put differently,...
After overcoming an arbitration battle, standing in the way of Africa’s second largest hydropower plant, the Federal Government will commence the project any moment from now....
It may take a longer time for the market to find resilience if the current momentum of loss increases. The market was nearly absolutely bearish driven...
America is making efforts to stand in the way of repatriating around $100 million of the state-owned money, stolen by Nigeria’s late former military ruler, General...
Leading lender, Zenith Bank Plc has recorded an after-tax profit of N208.843 billion for Full Year 2019, thus becoming the second after Stanbic IBTC among Nigeria’s...
Maritime leasing and fleet management firm, C&I Leasing PLC, has posted an expansion worth N578.615 million in its earnings at Full Year 2019, compared to the...
The Nigerian recovered marginally today following a five-day bearish run. A positive market breadth was posted with the number of gainers standing at 19 and that...
The Federal Government has unveiled its plan to expand the country’s tax to Gross Domestic Product (GDP) ratio to 17% from 6% come 2023. Muhammad Nami,...
The future does not belong to oil despite the fact that 90 per cent of Nigeria’s foreign exchange and 86 per cent of its total export earnings derive...
Six developmental initiatives estimated at $2.19 billion (N796 billion) were Wednesday unveiled by the World Bank Group, largely targeted at handing Nigeria’s rural poor a lifeline from...
In a twist that further upset the already fragile optimism in the International Monetary Fund’s (IMF’s) weak economic growth projection for 2020, initially put at 2.5%,...
Profit-taking in heavyweight bank stocks sustained the current downturn in the stock market today, causing as much as N13 billion depreciation in the total value of...
Nigeria’s headline inflation reached its peak in a 21-month period to January 2020 and is now 12.13%, figures released by the National Bureau of Statistics (NBS)...
The Central Bank of Nigeria (CBN) on Monday took the campaign for indigenous milk production sufficiency further by seeking the intervention of the Federal Capital Development...
In a move to conserve Nigeria’s ample natural gas resources, the Federal Government on Monday announced it had pruned the number of 800 investors, interested in...
The Nigerian bourse opened the week on a negative note today as investors recorded losses worth N96 billion. All the key market performance indicators ended in...
The Department of Petroleum Resources (DPR) said on Monday the stakes of Pan Ocean Oil Corporation (Nigeria) Limited and other investors are safe following the transfer...
The Nigerian Stock Exchange (NSE) remained largely bearish last week, further sustaining the downturn that had crippled market activities in recent times. There were two intervening...
The Nigerian power sector lost about N19.15 billion between 5th and 14th February 2020, statistics gleaned from the Advisory Power Team (APT) in the Office of the Vice...
Prestige Assurance PLC has reported an 18% growth in profit translating to N76.169 million for Full Year 2019, compared to the figure it recorded in the...
Leading drugmaker, May & Baker Nigeria Plc, has reported an 84% rise in its Profit After-Tax (PAT) for Full Year 2019 amidst a revenue crunch that...
The Federal Government on Friday unveiled the modalities for the restoration of toll gates to the Lagos-Ibadan Expressway. A Public Private Partnership (PPP) arrangement is currently...
The path to stable recovery still seems far ahead for the Nigerian equity market considering that this week marks its third straight loss this year. As...
Sustained sell pressure in blue chip equities led the Nigerian bourse on a step further down today as the major performance indicators ended in the negative...
The 2019 Annual Report and Accounts of Nigeria’s largest brewer, Nigerian Breweries Plc, has revealed a 17% or N3.296 billion drop in its after-tax profit for Full Year...
The future of oil remains bleak in Nigeria in the next 10 years owing to cost increases and volatility in the energy industry even as corporate...
Granting tax waivers to big companies indiscriminately do not only erode government’s revenue base, but also hinders the Federal Inland Revenue Service (FIRS) from meeting its...
The Nigerian Stock Exchange (NSE) posted a marginal decrease in its total market value today as sell pressure in some stocks dragged the index down. All...
Nigeria lost a mind-blowing sum of N4.57 trillion to oil theft activities in the four years between 2015 and 2018, estimates of the Nigeria Natural Resource...
The Nigerian bourse halted its losing streak today to post a bullish comeback with a modest gain of N52 billion. All the major market performance indicators...
