Stock Market Extends Decline, Records N8bn Loss         Transactions on the floor of the Nigerian equity market extend losses on Monday as bears tightened their grip on the market. The market breadth also closed on a negative note with five gainers against 46 losers. The Nigerian Stock Exchange...

Income Tax Revenue Lags Behind Fed Govt Projections         Amidst various pressures on the Federal Government’s finances and 2020 budget’s revenue estimates, an indication has emerged that the government has already recorded a 25.3 per cent shortfall in Company Income Tax, CIT, in the first six...

Stocks Hit More Than Five-year High, Gain N710bn       The Nigerian stock market sustained its positive outlook on Tuesday for the 12th trading session as the All-Share Index rose by 4.92 per cent to its highest in more than five years. The market capitalisation of equities appreciated...

Stock Market Gains N1trn In Two Days       Investments in stock market soared to new heights yesterday as more money are diverted from money market into the stocks bringing investors’ gains to over N1.07 trillion in two days of trading this week. The bears have continued to...

Dangote Cement Records N249bn Revenue, N88bn Profit     Dangote Cement Plc has posted a strong performance in the first quarter (Q1) ended March 31 2020, with revenue rising to N249.182 billion, up from N240.157 billion in the corresponding period of 2019. Profit Before Tax (PBT) appreciated...

Stock: Dangote Leads Others To Sustain Market’s N85bn Loss   The Nigerian equity market on Tuesday extended negative sentiment with a loss of N85bn as Dangote Cement Plc and Nascon led other losers. However, the market breadth closed positive, recording 27 gainers against 12 losers. Consequently, the All-Share...