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The company, in its audited results for 2020 released on the Nigerian Stock Exchange (NSE), reported a 37.7 per cent year-on-year (YoY) growth in profit after tax to N276.1 billion. Earnings were notably bolstered by stellar revenue growth, improved operating efficiency and lowered net finance expense.
The Naira depreciated by 1.04 per cent to N485 per dollar as the new Central Bank of Nigeria’s (CBN’s) Naira for Dollar Scheme failed to incentivise the foreign exchange (forex) market.
At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown up against Nigeria’s struggling economy.
There are indications that the Nigerian Stock Exchange (NSE) may trigger its index circuit breaker if the stock market continues to plunge, in order to protect investors.
The surfeit of excess liquidity in the interbank money market will persist this week courtesy of inflow of about N1.7 trillion.
Sustained sell-offs in highly capitalised stocks trading on the floor of the Nigerian Stock Exchange (NSE) was the theme this week as investors lost a total of N200 billion Week-on-Week.
The Nigerian Stock Exchange (NSE) All-Share Index hit a 52-week low yesterday, falling by 1.53 per cent to close at 29,162.24, while market capitalisation shed N170 billion to close at N10.953 trillion.
The Nigerian stocks market yesterday posted a gain of 1.98 per cent, its best performance so far in 2019, to further extend bullish trend to five consecutive trading days and return the year-to-date (YTD) performance to positive after seven months of being negative.
The bears at the Nigerian Stock Exchange (NSE) continued to dominate trading for the fifth trading days in 2019 with the crucial market indicators declining further by 1.20 per cent.
The Central Bank of Nigeria (CBN) has disclosed that Naira currency in circulation dropped by 5.6 per cent to N1.77 trillion in July 2017.
Zimbabwe is re-introducing rhinos to its second biggest wildlife park Gonarezhou in the south of the country, the first time that the sanctuary will be home to the species in 30 years, the parks authority said on Thursday.
Britain on Thursday imposed sanctions against Libya’s Kaniyat militia, saying those who breached international law in Libya would have to face consequences.
Following the havoc bandits have wreaked on many communities in Niger State, the National Emergency Management Agency (NEMA) Thursday said that it has commenced direct distribution of relief materials to 24,925 household of displaced persons affected by banditry in the state.
Police fired teargas to disperse a crowd of more than 200 people protesting in Kenya's capital Nairobi on Thursday against the Israeli bombing of the Palestinian territory of Gaza.
The Phone and Allied Products Dealers Association of Nigeria (PAPDAN) has said that the Computer Village in Ikeja, Lagos, creates no fewer than 8000 job opportunities for Nigerian youths.
Exhilarated Spaniards danced in streets, chanted “freedom” and partied on beaches overnight as a COVID-19 curfew ended across most of the nation.
Manchester United manager, Ole Gunnar Solskjaer, has attributed his team’s 2-1 defeat to Leicester City in the Premier League at the Old Trafford on Tuesday night to the tight games schedule which is ‘impossible for the players’.
The Lagos State Government says its two upgraded Food Production Centres at Badagry and Araga, would help boost the state’s food self-sufficiency status while reducing its dependence on other states for food.
The World Bank on Wednesday signed a $500 million infrastructure project with Democratic Republic of Congo to improve roads, mitigate flood risks, fight erosion and develop public spaces across the capital Kinshasa.
James, 29, has dropped off in form following a great start to his Goodison career with three goals in six games after a highly-publicised move from Real Madrid.