Sustained Profit-taking Drags Market Capitalisation By N12bn   Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At...

Profit-taking In Large-cap Stocks Triggers N153bn Loss   The equities market of the Nigerian Exchange Limited lost N153.15bn at the end of trading on Monday as investors took profits in large-cap stocks. The NGX All-Share Index declined by 0.71 per cent to 41,144.67bps from 41,438.15 basis points...

Tech Startups And The Profit Of Cooperatives, by Inyene Ibanga           Humanity acknowledges that the current global realities demand creativity and innovation to address the numerous challenges confronting countries, businesses and individuals as a result of dwindling resources. The situation has further worsened with the crippling...

NNPC’s Revenue Falls By N916bn Despite Posting N287bn Profit       Nearly two weeks after declaring its first profit in its 44-year history, the Nigerian National Petroleum Corporation said on Wednesday that its group revenue for the 2020 financial year fell to N3.72tn from N4.63tn in 2019....

BUA, Dangote and Price Fixing War, by Muhammad Sagir Bauchi Around October 1929, values of stocks in the New York Stock Exchange (NSE) market dropped to an unprecedented record level. Within three days, many investors loss about five billion dollars. Towards the end of the...

Sirika To Airlines: Stop Blaming Govt For Profit Decline       Minister of Aviation, Senator Hadi Sirika, has cautioned members of the Airlines Operators of Nigeria, against accusing his ministry and aviation regulatory agencies for the unfavourable operating environment and decline in their profits. Sirika gave the caution...