Despite FX Challenges, BUA Foods Records N120.8bn Pre-tax Profit in FY 2023
Despite the foreign exchange challenges, BUA Foods stands firm, showcasing resilience and strength, overcoming foreign...
Markets
NGX All-Share Index Closes Negative, Down 3.27% w/w
Bearish sentiments dominated the market in the last trading session as the All-Share Index lost...
Banking Stocks Lead Gainers as NGX Gains 1.63% on Positive Market Sentiment
After a run of bearish performances in the NGX this week, the market has bounced...
Cadbury Nigeria at Risk of Technical Insolvency Unless Recapitalization Takes Place
Cadbury Nigeria Plc will be needing a scheme of restructuring and recapitalisation to sustain its activity...
FBN Holdings Appoints Otedola as Chairman
…As stock market loses N1.1trn The FBN Holdings Plc has appointed Mr. Femi Otedola as...
Bearish Sentiment Prevails on NGX as market Cap Plunges by N1.07trn as Investors Sell-off
The Nigerian Exchange Limited (NGX) witnessed a bearish trend on Wednesday, with market capitalization dropping...
CBN Sets Limit on Banks’ FX Holdings After Naira Continues Its Decline
The Central Bank of Nigeria (CBN) has imposed limits on how much banks can hold...
Nigerian Stock Market Ends 13-day Winning Streak, Market Capitalization Drops by N856bn
The Nigerian stock market, yesterday broke its 13 days win streak as the overall capitalisation...
Guinness Nigeria’s Earnings Decline Due to Rise in FX Revaluation Losses
Rising foreign exchange revaluation losses brought on by the depreciation of the Naira has pushed Guinness...
Naira Hits Record Low at Official and Parallel Forex Markets
Naira slipped to an all-time low against the United States dollar across forex markets on...
