The Nigerian equities market has rallied strongly, with blue chips outperforming, and the all-share index up by 9.2% since the CBN's OMO ban.
These days, the story is somewhat underwhelming for Nigerian Breweries and every year it gets worse, as the brewery giant reported a profit after tax of N16 billion from revenue of about N323 billion only
The stock market witnessed bearish trade performance for the third consecutive session this week, as it lost N9.14 billion.
The Nigerian Stock Market continued its bearish trend with a 0.08% decline in the market performance.
Despite aggressive marketing and advertising strategies in 2019, International Breweries Plc reported a drop in revenue and a loss.
The Nigerian Stock Exchange started the week on a bearish note as the market performance indicators dropped.
Investors in the Nigerian equities market lost N152.1 billion at the end of last week.
Twitter has made a record-breaking revenue of $1.01 billion in its Q4 2019.
CBN's second Treasury Bills Auction of the year that held yesterday was oversubscribed with marginal fall in rates on the 91 and 180-day tenors.
The stock market traded in positive territory yesterday after a series of bearish trades in recent weeks, as the equity market capitalisation rose by N52 billion.
Stock market investors lost N153.6 billion on Monday to a bearish trade session after the market capitalisation bowed to N14.46 trillion.
The Nigerian Stock Exchange (NSE) enjoyed a bullish start in January 2020 as the all-share index closed at 28,843.53 index points.
The Nigeria Stock Exchange (NSE) holds ETF workshop and disclosed it remains committed to the development of the market
FBN Holdings Plc has released its full-year 2019 unaudited financial report which showed slight improvements across major indicators.
Fidson Healthcare Plc joined the growing list of quoted companies that are releasing their Q4 and full-year 2019 financial statements.
AIICO Insurance Plc has released its latest earnings report for the fourth quarter of 2019, which showed generally positive performance.
Sterling Bank Plc has released its group unaudited condensed and interim financial statements for the period ended December 31st, 2019.
Fund of funds, missing link in Nigeria’s mutual fund industry
The Nigerian stock market dipped by N52.1billion, as the market capitalisation of equities dropped from N14.70 trillion on monday to N14.65 trillion as at close of trading on Tuesday.
Investors in the Nigerian equity market sold off most of their shares, on Monday, causing the market to decline.
International Breweries recorded a 9.7% y/y increase in Revenue to N132.4 billion in FY 2019 from N120.6 billion in FY 2018. While Revenue was up on a q/q basis (up 22.6% q/q) due to increased activities during the festive period
The stocks of Dangote Cement Plc, Zenith Bank Plc, Nestle Plc, Nigerian Breweries Plc, and Seplat Plc have made the shares of fortune list of ARM securities.
Investors lost N403.02 billion last week, as experts attributed the development to the sell-offs witnessed in MTN Nigeria Communications Plc, Guaranty Trust Bank Plc, and Access Bank Plc.
Flourmills Nigeria Plc released its 9M 2020 financial results and recorded a very much improved Q3 2020 performance.