30
Jan
January 30, 2023
| Stock capitalisation appreciates by 0.12% – Punch |
| Trading activities on the floor of the Nigerian Exchange wrapped up the week bullish as stock investors raked in N34bn from January 23 to January 27, 2023. The upturn for the week was impacted by gains in the banking and NGX growth indices which appreciated by 1.65 per cent and 4.20n per cent from 438.79 points to 446.03 bps, and from 1,843.56 to 1,921.01………….……..Read More |
| Guinness records nine per cent revenue growth in Q1 – Punch |
| Guinness Nigeria Plc’s revenue for the first half of the 2022 financial year grew by nine per cent, the company said in a statement on Saturday. Guinness also said its gross profit rose by 16 per cent, and a five per cent increase in the cost of sales despite the challenging business environment driven by inflation and the impact of naira devaluation on imported materials in the period under review…………..……..Read More |
| Unilever Nigeria Plc: impressive 2022FY earnings growth, but the bear waits – Nairametrics |
| Unilever Nigeria on January 24, 2023, released its 2022 FY results, growing earnings by 771% to N5.992 billion from N688.266 million reported a year ago………..……..Read More |
| Weekly Review: All that happened with commodities and energy last week – Nairametrics |
| The Brent fell 1.1% last week after rallying almost 12% over two previous weeks. January-to-date, the global crude benchmark rose less than 1%. Oil loadings from Russia’s Baltic ports are the main reason for the declines seen during the week………..……..Read More |
| SEC seeks more private sector investments in commodities ecosystem – Nairametrics |
| The Securities and Exchange Commission (SEC) has stressed the need for more private-sector investments in the commodities trading ecosystem. SEC’s Director General, Mr Lamido Yuguda, stated this during an interview commenting on the commissioned 32 metric tonnes per hour Lagos Rice Mill in Imota, Ikorodu, Lagos State………..……..Read More |
| Domestic bond demand to rise over Eurobond cut – Punch |
| Operators in the Nigerian capital market have said the Federal Government’s plan to curb borrowing from international capital markets will boost the demand for the domestic bond market. Recall that Nigeria’s Minister of Finance, Zainab Ahmed, had disclosed in a discussion during the annual meetings of the International Monetary Fund and World Bank in Washington that the country planned to bring its key debt service-to-revenue ratio down sharply in 2023 and would not borrow on the international capital markets………………..Read More |
| Many Benefits of Naira Redesign, Cashless Policy – Thisday |
| The October 26, 2022 policy decision by the Central Bank of Nigeria (CBN) to redesign the N200, N500 and N1,000 denominations, and the subsequent announcements including the cash withdrawal limit – have continued to generate reactions………………..Read More |