Stock investors gained N420bn in April – Reports punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
Share
The Board of Directors, Nigerian Breweries Plc has announced a total amount of N105.7 billion as revenue turnover for the first quarter of the 2021 financial year.
According to the unaudited report and provisional results filed at the Nigerian Exchange Limited (NGX) for the period ended March 31, 2021, the company declared a Profit After Tax of N7.73 billion representing a 39.5 percent increase when compared to N5.54 billion recorded for the corresponding period in the previous year.
Further analysis of the results shows that the N105.7 billion net revenue for Q1 2021 financial statement is a 27 percent increase from N83.2 billion recorded in the corresponding period in 2020
Punch Newspapers
Sections
Published 2 May 2021
Ten of Nigeria’s commercial banks posted stock losses in the first three months of this year as N187.81bn was wiped off their combined market capitalisation, an analysis of data from the Nigerian Exchange Limited showed.
The affected banks are United Bank for Africa Plc, Zenith Bank Plc, Access Bank Plc, Ecobank Transnational Incorporated, Union Bank of Nigeria Plc, Fidelity Bank Plc, Wema Bank Plc, FCMB Group Plc and Jaiz Bank.
Four banks, namely FBN Holdings Plc, Guaranty Trust Bank Plc, Stanbic IBTC Holding Plc, and Unity Bank Plc saw their market value increase in Q1.
Equities investors earn N279bn in five days tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
Punch Newspapers
Sections
’Femi Asu
Published 30 April 2021
Foreign and domestic investors pulled out a total of N339.06bn from the Nigerian stock market in the first three months of this year, the latest data from the Nigerian Exchange Limited have shown.
The data also showed that foreign portfolio investors sold Nigerian stocks worth N90.12bn in the first quarter while domestic investors withdrew N248.94bn from the market.
The foreign investors withdrew N30.79bn in January; N39.05bn in February, and N20.28bn in March, while the domestic investors pulled out N86.35bn in January; N69.28bn in February, and N93.31bn in March.