Nestlé Nigeria Plc, one of Nigeria’s leading nutritious food manufacturers, has reported N446.8 billion as revenue for its 2022 operations, representing 27.0% growth over the N351.8 billion it recorded in 2021 In its audited financial results, the company disclosed that in the year under review, its profit before tax (PBT) rose to N155.8 billion, representing […]
The Naira stabilized in its exchange rate against the US dollar at the black market on Wednesday, trading at an average of N760/$1, the same rate it traded on Tuesday. A few FX traders at the parallel market in the FCT linked the stability of the local currency’s exchange rate to slowing anxieties in the political […]
Trading at the Nigerian Exchange (NGX) opened negative on Wednesday, 1st March, amidst buy-interests and sell-offs as bears dominated the session, thereby shrinking the broad market’s value Consequently, the equities market’s All-share Index (ASI) slumped by 0.53% to close at 55,508.61 points while the market capitalization declined by N162 billion to close at N30.238 trillion. […]
Seplat Energy Plc has reported a rise in its profit before tax (PBT) by 15.3% to N86.7 billion for 2022 financial year, from the N71 billion recorded in 2021. A corporate statement issued by the company listed on both the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE) on its audited results for the year […]
The Naira depreciated in its exchange rate against the US dollar at the black market on Tuesday, trading at an average of N760/$1, representing 0.26% appreciation from N758/$1 it opened the week with on Monday. Some FX traders at the parallel market in the Federal Capital Territory (FCT) spoken with by our correspondent attributed the local currency’s […]
The Centre for Law and Social Policy (CLASP) has estimated that if Nigeria complies with the United Nations Convention to eliminate mercury from products and processes, the country could save over $2.47 billion in fluorescent lighting phase-out by 2025. The organization’s Senior Manager, Climate, Colin Taylor, made this projection at an inception workshop with the ‘Minimum […]
Trading at the Nigerian equities market closed positive on Tuesday amidst buy-interests and sell-offs as bulls dominated the session, thereby boosting the broad market’s performance As a result of the bullish trading session, the equities market’s All-share Index (ASI) appreciated by 0.86% to close at 55,805.26 points while the market capitalization grew by N260 billion […]
Apparently determined to raise more funds for sustainable growth, the Lagos State Government has listed a N137, 328,000,000 series IV bond on the Nigerian Stock Exchange (NGX). The listing, which was reflected in a notice by the exchange in its weekly report of activities on the market, indicated that the bond is a 10-Year 13.00 per […]
The Naira opened the week strongly in its exchange rate tussle against the US dollar at the black market in the early hours of Monday, trading at an average of N758/$1, representing 0.26% appreciation from N760/$1 it exchanged at during Friday’s trading session. FX traders in the black market partly attributed the local currency’s appreciation to the […]
Nigerian Breweries is set to pay its shareholder N13.87 billion total dividend as return on their investment for the financial year ended December 2022 The company’s Board of Directors hinted about the final dividend payout to investors in a statement issued by the Company Secretary, Uaboi Agbebaku, posted on Nigerian Exchange’s (NGX’s) website. The dividend […]