The Nigerian Exchange Ltd (NGX) Consumer Goods Sector Index comprises twenty (20) FMCGs that deal in the manufacturing of a variety of consumer goods ranging from flour, sugar, beverages, beer and so on. Year-to-date, the performance of this sector has increased marginally by 2.25%. Although not the best of outcomes, the FMCG sector has witnessed better growth when compared to the banking and insurance sectors.
The article examines the cheapest FMCG stocks listed on the NGX. The five companies selected are those with the lowest Price to Earning (P/E) Ratio as it is widely believed that the lower the P/E ratio, the cheaper the stock. The P/E ratio compares the earnings of a company at a specific time period, relative to its price at the same period.
By Itohan Abara-Laserian
Lagos, May 18, 2021 The Federal Government says it will continue to engage and collaborate with the Nigerian Exchange Group (NGX Group) and the private sector to transform the economy and improve the welfare of Nigerians.
President Muhammadu Buhari said this at the launch of the NGX Groupâs campaign,
âThe Stock Africa is Made of,â on Tuesday.
The virtual event was held to amplify the NGX Groupâs positioning and commitment to the African financial markets as a leading capital market infrastructure provider, connecting Nigeria, Africa and the world.
Buhari said the campaign would further project Nigeria and Africa in a positive narrative and showcase its great potential.
2 min read
Unity Bank Plc on Tuesday announced a pre-tax profit of N2.22 billion in 2020, saying its asset base grew to N492.02 billion.
The bank in its audited result released by the Nigerian Exchange Ltd., said its total assets rose by 67.90 per cent when compared with N293.05 billion achieved in the comparative period of 2019.
The bank’s customer deposit portfolio grew by 34.4 per cent to N356.62 billion, up from N257.69 billion posted in the corresponding period of 2019.
The bank posted gross earnings of N42.71 billion compared with N44.59 billion recorded in the comparative period of 2019.
Profit after tax stood at N2.09 billion, while profit before tax was N2.22 billion during the year under review.
April 20, 2021
April 20, 2021
Unity Bank Plc on Tuesday announced an asset base of N492.02 billion for the financial year ended Dec. 31, 2020.
The bank in its audited result released by the Nigerian Exchange Ltd., said its total assets rose by 67.90 per cent when compared with N293.05 billion achieved in the comparative period of 2019.
The bank’s customer deposit portfolio grew by 34.4 per cent to N356.62 billion, up from N257.69 billion posted in the corresponding period of 2019.
The bank posted gross earnings of N42.71 billion compared with N44.59 billion recorded in the comparative period of 2019.
Profit after tax stood at N2.09 billion, while profit before tax closed at N2.22 billion during the year under review.
By Chinyere Joel-Nwokeoma
Lagos, April 1, 2021 The Securities and Exchange Commission (SEC) has approved the appointments of the chief executives officers of the demutalised exchange and their operating subsidiaries.
Otunba Abimbola Ogunbanjo, Chairman of Nigerian Exchange Group Plc (NGX Group) Board of Directors, said this on Thursday in Lagos.
Ogunbanjo said that SEC had approved the appointment of Mr Oscar Onyema, as the Group Chief Executive Officer, NGX Group; Temi Popoola, the Chief Executive Officer, Nigerian Exchange Ltd., and Ms
Tinuade Awe, the Chief Executive Officer, NGX Regulation Ltd.
Recall that under the demutualisation plan, a new non-operating holding company, the Nigerian Exchange Group plc (NGX Group) has been created.