Stock Market Loses N32.26bn As Investors Take Profits     The equities market of Nigerian Exchange Limited slid by N32.26bn at the end of trading on Monday as investors cashed in on recent price appreciation. The NGX All-Share index rose by 0.15 per cent, closing at 41,976.79 basis...

Equities Shed N117bn As Investors Take Profits       The equities listed on the Nigerian Exchange Limited shed N117.03bn last week, with analysts attributing the market downturn to profit-taking by investors. The NGX All-Share Index and market capitalisation declined by 0.57 per cent to close the week at...

Forex Scarcity, Inflation Put Pressure On FMCG Companies’ Profits       Analysts have identified scarcity of foreign exchange, inflationary pressures and rising input costs due to naira devaluation as responsible for the shrinking profit margins of some fast-moving consumer goods companies listed on the Nigerian Exchange Limited...

In Six Months, Dangote Cement Rakes In N162.9bn Profits   Africa’s largest cement producer, Dangote Cement Plc, has announced a Profit Before Tax (PBT) of N162.90 billion for the six months ended June 30, 2020, even as two block makers emerged winners in its ongoing, Spell...

Fuel Marketers’ Profits Drop To N3.58bn, Two Suffer N1.57bn Loss     Three of the seven oil marketing firms listed on the Nigerian Stock Exchange posted a total loss of N1.57bn in the three months ended March 31, 2020, while two saw their profits fall by N3.58bn. MRS...

Profits Of Consumer Goods Firms Drop By N38bn   The profit of Fast Moving Consumer Goods companies listed on the Nigerian Stock Exchange declined by N38.02bn in the 2018 financial year. Although there are 21 FMCG companies listed on the stock exchange, the results of nine of...