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Nigeria’s Consumer Goods Market Hits New High of N11.1bn

Nigeria's Consumer Goods Market Hits New High of N11.1bn   The Nigerian Exchange (NGX) has witnessed a significant milestone, with the consumer goods sector reaching a record total market capitalization of N11.1 billion. As of the latest trading data, the sector is experiencing increased performances across several of its...

Forex Scarcity: Consumer Goods Manufacturers Borrow N1.8trn To Survive

Forex Scarcity: Consumer Goods Manufacturers Borrow N1.8trn To Survive   At the backdrop of rising interest rates and foreign exchange scarcity, leading consumer goods manufacturing companies have come under severe funding pressure. Findings from the financial statements of the companies show that they have resorted to very...

Investors Lose N4.23bn As Consumer Goods Stocks Decline

Investors Lose N4.23bn As Consumer Goods Stocks Decline       The equities market of the Nigerian Exchange Limited declined by N4.23bn at the end of trading on Monday amid selloffs in consumer goods stocks. The NGX All-Share Index declined by a marginal 0.02 per cent, closing at 39,252.89...