TotalEnergies Jumps N84.20 This Week: Nigerian Market Rally Intensifies (August 17, 2024)
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Market Overview The Nigerian stock market has shown significant positive momentum, with several companies across diverse sectors posting substantial gains. This trend indicates a broad-based rally and growing investor confidence. Top Performers Sector Performance The … Read more
Nigerian Equity Market Sees Decline in Trading Volume and Value for Week Ending August 16, 2024
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The Nigerian equity market experienced a downturn in trading activity for the week of August 12-16, 2024. Total equity turnover fell to 2.033 billion shares worth N42.155 billion across 45,157 deals, marking a significant decrease … Read more
UAC of Nigeria PLC Reports Strong Q2 2024 Financial Performance with 14.5% Revenue Growth to ₦43.5 Billion and 56.3% Increase in Operating Profit to ₦2.5 Billion
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Based on the financial statement provided in the image, here’s a concise 400-word review of UAC of Nigeria PLC’s Q2 2024 vs Q1 2024 performance: UAC of Nigeria PLC has demonstrated significant financial improvement in … Read more
Nigeria’s Cost of Living Crisis: Analyzing the 15 Most Expensive States in July 2024
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As Nigeria grapples with persistent economic challenges, the latest Consumer Price Index (CPI) data for July 2024 reveals a concerning trend of rising living costs across the country. This analysis focuses on the 15 most … Read more
Nigeria Makes History as First Dollar-Denominated Domestic Bond Set to Raise $500 Million
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Abuja, Nigeria – In a landmark move for its financial markets, the Federal Government of Nigeria is preparing to issue its first-ever dollar-denominated domestic bond, aiming to raise an impressive $500 million from both local and international investors. … Read more
Nigeria’s Imports from Malta Surge to $2.25 Billion in 2023, Sparking Controversy
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Available information from the United Nations COMTRADE database and the National Bureau of Statistics, NBS, reveals that imports from Malta by Nigeria surged to US$2.25 billion in 2023. This represents a rather huge increase from … Read more
Okomu Oil Palm Plc Financial Overview
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Okomu Oil Palm Plc, a prominent entity in Nigeria’s agricultural sector, has recently disclosed its financial performance for Q2 2024, revealing a mix of challenges and growth. The company reported a pre-tax profit of N6.24 … Read more
Customs Duty Rate Surges to N1,584/$, Surpassing Official Market Rate by N3
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In a surprise, the Nigeria Customs Service (NCS) has pegged its exchange rate at N1,584 per dollar for the collection of import duties. This now stands three naira above the official closing rate on the … Read more
Dangote Sugar’s Bittersweet Journey: From Record Gains to Strategic Pivot Amid Forex Challenges
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In the volatile world of Nigerian business, few stories capture the imagination quite like that of Dangote Sugar Refinery. Once a beacon of growth in Africa’s largest economy, the sugar giant now finds itself navigating … Read more
Nigeria’s June Bond Auction Falls Short, Raising Only 66% of Target
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The federal government of Nigeria raised N297.006 billion from its June bond auction, achieving only about 66% of its N450 billion target. This outcome marks a significant decrease from the N380.769 billion raised in May, … Read more