Dangote, BUA and Lafarge Africa gain N7.921 trillion in market value in Q1’2024
The year-to-date (YTD) return of the NGX All-Share Index shows its resilience, standing at an impressive 39.84%. The post Dangote, BUA and Lafarge Africa gain N7.921 trillion in market value in Q1’2024...
View ArticleFTN Cocoa Processor records zero revenue, FX loss of N10.17 billion in FY 2023
FTN Cocoa processor in its audited financial report for 2023 recorded foreign exchange loss of N10.17 billion while recording zero revenue for the year. The post FTN Cocoa Processor records zero...
View ArticleGeregu Power, Dangote Cement, BUA Foods top best performing NGX stocks in Q1...
In Q1 2024, the NGX posted an increase of 39.84%, hitting an All-Share Index of 104,562.06 points. The post Geregu Power, Dangote Cement, BUA Foods top best performing NGX stocks in Q1 2024 appeared...
View ArticleNaira puts strong dollar in check, settles at N1255/$
The naira defied the strong dollar despite positive macros from the world's largest economy's manufacturing data report that it grew in March for the first time since September 2022. The post Naira...
View ArticleSolana is shining despite the much-anticipated Bitcoin’s halving
Solana has taken the shine from the anticipated Bitcoin halving event this month as retail investors clinch on the trendy blockchain. The post Solana is shining despite the much-anticipated Bitcoin’s...
View ArticleNGX ASeM Index emerges best-performing index in Q1’2024 with a gain of 135.25%
The NGX Alternative Securities Market (ASeM) Index exhibited exceptional performance, recording an impressive surge of 135.25% to emerge as the best-performing index during the quarter. The post NGX...
View ArticleBerger Paints posts 125% profit growth in 2023, reports no FX loss
Berger Paints Nigeria Plc has posted an impressive 125% profit growth, as the company’s pre-tax profit hit N799.8 million in 2023, up from N355.6 million in 2022. The post Berger Paints posts 125%...
View ArticleBitcoin miners made a record $2 billion in the Month of March
Bitcoin mining businesses hit their highest monthly revenue in march recording over $2 billion in block rewards and transaction fees. The post Bitcoin miners made a record $2 billion in the Month of...
View ArticleNaira defence to cost CBN N1.01 trillion in interest rates from Q1 NTB auctions
The Central Bank of Nigeria’s (CBN) aggressive stance on the naira defence is projected to lead to an enormous interest payout, with the CBN set to incur approximately N1.01 trillion. This figure...
View ArticleOfficial Exchange rate strengthens below N1,300/$1 for the first time since...
The exchange rate between the Naira and Dollar close at N1,278.58 on Tuesday April 2, 2024, the first trading on the official NAFEM market. The post Official Exchange rate strengthens below N1,300/$1...
View ArticleDMO to issue April 2024 Savings Bonds at 18.046%
The Federal Government through the Debt Management Office has opened offers for the April 2024 Savings Bond, with rates reaching as high as 18.046% per annum. The post DMO to issue April 2024 Savings...
View ArticleBearish trend hits equity market, N25 billion erased at first trading day in...
The NGX All-Share Index recorded a modest decrease, shedding 43.92 points to settle at 104,518.14 points compared to the previous close of 104,562.06 points. The post Bearish trend hits equity...
View ArticleCadbury Nigeria reports N28.2 billion loss in 2023, shareholders’ funds wiped...
Cadbury Nigeria Plc reported a pre-tax loss of N28.2 billion in FY 2023, marking a whopping 2269% decline from the N1.3 billion pre-tax profit posted in 2022. The post Cadbury Nigeria reports N28.2...
View ArticleChams Holdco posts N20 million PAT, reaches profitability for the first time...
Chams Holding Company Plc posted a profit after tax of N20.2 million in FY 2023, marking the first time since 2019 the company has recorded a profit. The post Chams Holdco posts N20 million PAT,...
View ArticleCustoms FX rate for import duties rises to N1,330/$, higher than official...
The current exchange rate for customs import duties and cargo clearance payment is higher than the official foreign exchange market rate of the Naira and the USD. The post Customs FX rate for import...
View ArticleTranscorp posts 93.5% profit growth in 2023, signals of improved financial...
Transnational Corporation Plc posted a pre-tax profit of N58.5 billion in FY 2023, representing a 93.5% growth from the N30.4 billion posted in 2022. The post Transcorp posts 93.5% profit growth in...
View ArticleUnilever Nigeria posts 151% profit growth in 2023, as discontinued operations...
Unilever Nigeria posted a pre-tax profit of N21.9 billion in 2023, representing a 151% growth from the N8.7 billion posted in 2022. The post Unilever Nigeria posts 151% profit growth in 2023, as...
View ArticleSecond day of declines for NGX as investors show caution towards bank...
NGX falls for the second consecutive day as investors exhibit caution towards the central bank's recapitalization plans The post Second day of declines for NGX as investors show caution towards bank...
View ArticleDangote Cement tops best performing cement stock in Q1 2024
Amidst economic challenges, the Nigerian stock market has showcased resilience, experiencing significant growth in the first quarter of 2024. The post Dangote Cement tops best performing cement stock...
View ArticleAgain, CBN sells N652 billion OMO bills at 21% interest rate
The CBN leveraged higher interest rates to attract a strong turnout from investors, effectively utilizing OMO bills to absorb excess liquidity from the financial system. The post Again, CBN sells N652...
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