23
Oct
October 23, 2023
| Profit-taking wipes N156bn off NGX market cap – Punch |
| Investors on the local equity market saw their wealth depreciating by N156bn at the close of last week’s trading following profits-taking and selling sentiments. During the week, the market reacted to the latest inflation data published by the National Bureau of Statistics, which pegged September’s inflation figure at 26.72 per cent, while awaiting more corporate earnings reports, which will offer……. .. . .,.. ………… …….. ………………… … .. …… .. …. . ……….. ………. …………. . ….. . … …………….……..Read More |
Inflation projected to rise further amid renewed FX crisis •Naira depreciates by 5.4% to N808.27/$ at NAFEM •Gains in banking stocks lift market turnover by N24b – Guardian |
| Inflation rate is projected to increase by 83 basis points (bps) year-on-year (y/y) to 27.54 in October. The figure would represent a 1.9 per cent rise when compared to 26.72 per cent recorded in September. According to Cordros Capital Research, there are indications that food prices will temper in October due to the impact of the harvest season…………………………. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Stockbrokers move to attract millennials into profession – Punch |
| The Chartered Institute of Stockbrokers has said that it is making moves to attract young talents into the profession as the future belongs to them. This was revealed in a statement issued by the body as it prepares for its 27th Annual Conference scheduled to be held in Abeokuta, in collaboration with the Ogun State Government in November……….,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Unilever grows revenue by 26% to N81.57bn in nine months – Punch |
| Consumer goods manufacturer, Unilever Nigeria Plc, grew its revenue by 25.95 per cent to N81.576bn in the period ending September 30, from N64.768bn recorded within the same period in 2022. This was revealed in the unaudited interim financial statements for the nine months ended September 30, 2023 filed with the Nigerian Exchange Limited on Friday….,,…..,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
MTN Nigeria Partners Adbot To Offer Automated Digital Ad Services To SMEs – Independent |
| MTN Nigeria, and Adbot, an ad-tech company, have announced a partnership to bring MTN’s Thryve Google Ads services to all SMEs on the MTN network. The collaboration empowers SMEs to enhance their online visibility, taking advantage of the Thryve Google Ads Bundle, which provides 1Gb of data, a minimum of 10 website conversions and 500 ad views on Google: tackling a key challenge SMEs face – access to new markets…..,,…..,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Geregu Power: Revenue Growth, Finance Income Drives Profit – Thisday |
| Geregu Power Plc reported double-digit increase in revenue and finance income that played a significant role in the company’s profit generation in nine months ended September 30, 2023. Nigeria’s leading electricity generation company reported a profit before tax of N17.4 billion in nine months of 2023, marking a substantial growth of 25.3 per cent from N13.9 billion reported in the corresponding nine months of 2022……,,…..,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |