Profit After Tax Soars to N32.86 Billion for Presco Plc in 2023, a 152% Increase
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Source: naija247news.com
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Market capitalisation sheds N38bn as investors sell off banking stocks
Sell-offs in Tier-one banking stocks on Tuesday extended losses on the Nigerian Exchange Ltd. (NGX) stock market capitalisation by 0.07 per cent. Notably, investors lost N38 billion or 0.07 per cent, as the market capitalisation which opened at N56.069 trillion, closed at N56.031 trillion. The All-Share Index also closed 0.07 per cent or 68 points lower
Source: promptnewsonline.com
Manufacturers cry out as unsold goods accumulates in storage facilities – Opinion Nigeria
The Central Bank of Nigeria (CBN) report revealed that capacity utilisation in the food and beverages sector fell to 49% from 61% in the corresponding period in 2022, indicating a 20 percentage point decline. As a result, they suggested that the output levels have been declining steadily since mid-last year.
Source: opinionnigeria.com
NGX Sanctions PZ, Presco, Others For Late Filing Of Results
The NGX Regulation Limited has sanctioned Presco Plc, eTranzact International Plc, NCR (Nigeria) Plc, African Alliance Insurance Plc, ABC Transport Plc and PZ
Source: leadership.ng
Trading on NGX increases by 28%, investors gain N467bn
The Nigerian Exchange Ltd. (NGX) on Friday recorded 28.14 per cent increase in the value of equity transactions, resulting in investors gaining N467 billion. Specifically, 446.57 million shares valued at N7.10 billion were exchanged in 9,297 deals, in contrast to 665.20 million shares valued at N5.54 billion in 8,446 deals on Thursday. Consequently, the market
Source: promptnewsonline.com