N124billion Loss, Dangote Cement Others Lead   The bears again upstaged the bulls yesterday, as profit taking takes a toll on some highly capitalised stocks, especially Nigerian Breweries (NB), and Dangote Cement, causing market capitalisation to dip by N124billion. At the close of transactions on the trading...

FG: Power Sector Records N154bn Loss In 125 Days   Between January 1 and May 5 this year, the power sector lost about N154bn as a result of the unavailability of gas, distribution and transmission infrastructure, as well as water reserve challenges, the Federal Government has...

Stocks Resume Fall, International Breweries Records N2.56bn Loss   International Breweries Plc has reported a loss before tax of N2.56bn for the first quarter period ended March 31, 2017. This represented a decline compared to the profit of N1.50bn reported a year ago. This was contained in the...

Stocks Hit Three-Month Low, Investors Lose N149bn     The equities market of the Nigerian Stock Exchange extended its decline on Monday, dropping to a three-month low as 30 firms recorded price depreciation. Investors lost N149bn at the close of trading as the NSE market capitalisation fell to...

Nigeria Loses N740bn Yearly In The Rubber Industry     The Executive Director, National Rubber Association of Nigeria (NRAN), Dr. Sunday Kolawole, has said Nigeria loses over N740 billion ($2billion) yearly in the rubber industry. He blamed unfavourable global market prices, particularly between 1996 and 2002, for this...

Stock Market Sheds N175bn, Starts March In Loss The Nigerian stock market recorded a decline of N175bn on the first day of the new month after 31 stocks plummeted. At the close of trading, the Nigerian Stock Exchange market capitalisation slumped to N15.374tn from N15.549tn. The NSE...