Data reveals extent of forex supply shortage at official window as exchange...
The latest data from the Central Bank of Nigeria (CBN) reveals the extent of the dollar supply shortage as Nigerians grapple with one of the worst currency depreciations in recent years. The data,...
View ArticleMarket operators set agenda for new SEC DG
The operators commended President Bola Tinubu for the appointment of Dr Emomotimi Agama as the Director-General designate for the SEC. The post Market operators set agenda for new SEC DG appeared first...
View ArticleLeading Nigerian companies incur a staggering N1.8 trillion in FX losses in 2023
No one is spared as some of Nigeria's largest companies with significant forex obligations took in record forex losses over the currency devaluations that occurred in 2023 The post Leading Nigerian...
View ArticleUnilever Group sales rose 4.4% in first quarter 2024 ahead of analyst...
Unilever’s beauty and wellbeing unit, which includes premium skincare and vitamins, was the fastest-growing division with sales rising 7.4%, led mostly by higher volumes. The post Unilever Group sales...
View ArticleBitcoin price falls below $64,000 as $209 million in crypto long positions...
The price of Bitcoin fell below $64,000 on Thursday morning with over $209 million in crypto-bullish positions wiped off as the market slumped overnight. The post Bitcoin price falls below $64,000 as...
View ArticleEquity market bolstered with N27 billion increase
On Thursday, the Nigerian Stock Exchange (NSE) witnessed a modest uptick in its principal indicators, with the NGX All-Share Index (ASI) climbing by 48 points to close at 98,169.30. The post Equity...
View ArticleNaira decline drags Guinness Nigeria to net loss of N61.7 billion
Guinness Nigeria Plc has released its unaudited financial report for the nine-month period concluding on March 31, 2024. The report reveals a significant downturn, with a loss after tax amounting to...
View ArticleNaira dips to N1,450 in rapid decline, 8.28% drop during trading hours
The naira experienced a decline on Thursday afternoon, falling to N1,450 per dollar in the parallel market. The post Naira dips to N1,450 in rapid decline, 8.28% drop during trading hours appeared...
View ArticleDangote Cement reports N166 billion pre-tax profits in Q1 2024
Dangote Cement has released its unaudited financial statements for Q1 2024, posting a gross turnover of N817.35 billion, representing a 101% year-on-year increase from the N406.7 billion turnover...
View ArticleCustoms FX rate for cargo clearance rises by 11% in two days
The Nigeria Customs Service (NCS)’s exchange rate for import duties collection has risen by 11.0% from N1150/$ to N1277.52/$, according to the latest update on the customs exchange rate window. The...
View ArticleAlphabet to pay first ever dividend as net income hits $23.7 billion in Q1 2024
Google’s parent company, Alphabet LLC will pay its first ever dividends, even as the group’s earnings for Q1 2024 exceeds estimates. The post Alphabet to pay first ever dividend as net income hits...
View ArticleTough times for shareholders as listed FMCGs struggle to pay dividend
For the 2022 fiscal year, over 71 publicly traded companies spanning various sectors, including banking, telecommunications, and consumer goods, collectively disbursed over N1.5 trillion in dividends....
View ArticleMarket forces to blame as Naira loses more than a third of its value in 2 weeks
The naira recorded significant depreciation against the haven currency in a matter of few weeks despite the recent decline in the US dollar index, influenced by weak U.S economic data. The post Market...
View ArticleTotalEnergies profit drops below expectation in Q1
Drop in gas prices trims profit at the group’s LNG business The post TotalEnergies profit drops below expectation in Q1 appeared first on Nairametrics.
View ArticleStanbic IBTC posts N62.7 billion pre-tax profit in Q1 2024
Stanbic IBTC Holdings Plc has released its unaudited financial statement for Q1 2024, posting a pre-tax profit of N62.7 billion, representing a 73% year-on-year growth from the N36.3 billion pre-tax...
View ArticleBitcoin and Ethereum ETFs to debut in Hong Kong on April 30
Bitcoin and Ethereum ETF to be launched starting from April 30 The post Bitcoin and Ethereum ETFs to debut in Hong Kong on April 30 appeared first on Nairametrics.
View ArticleNigerian Stocks: List of Dividends announced in 2024
This is a list of Dividends announced so far in 2023 and their percentage yield. The post Nigerian Stocks: List of Dividends announced in 2024 appeared first on Nairametrics.
View ArticleNaira continues decline at official window, rebounds by 2.14% at parallel market
The Nigerian naira continued its downward trend against the US dollar at the official exchange window, closing at N1,309.88 on Thursday, March 25th. The post Naira continues decline at official window,...
View ArticleMRS reports N3.076 billion pre-tax profit in Q1 2024
MRS Oil Nigeria Plc has reported a pre-tax profit of N3.076 billion for the Q1 ended March 31, 2024, representing 58.34% year-on-year (YoY) increase. The post MRS reports N3.076 billion pre-tax profit...
View ArticleForeign portfolio inflow into Nigeria’s Stock Market (NGX) soars in Q1 2024
Foreign portfolio inflows into Nigeria's Stock Market (NGX) reached N93.37 billion in the first quarter of 2024, marking a 415% increase compared to the same period in 2023. The post Foreign portfolio...
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