Business (Page 46)

By Vivian Ihechu Nestlé Nigeria Plc has announced its financial results for the year 2020, posting a revenue of N 287.1 billion with 1.1 per cent growth over the previous year. Gross profit for the year 2020 stood at N 119.2 billion, compared to N 128.1 billion during 2019. TheContinue Reading

By Emmanuella Anokam The Nigerian Investment Promotion Commission (NIPC) says it will host a special session tagged “Showcasing Sub-National Investment Opportunities” at the Nigeria Finance Week to promote investments into priority sectors. Mr Emeka Offor, NIPC’s Director of Strategic Communication, said at the opening of the finance week on TuesdayContinue Reading

By Chinyere Joel-Nwokeoma Dangote Sugar Refinery Plc (DSR) recorded profit after tax of N26.70 billion for the financial year ended Dec. 31, 2020. The company stated this in its audited result released on the floor of the Nigerian Stock Exchange on Monday. The profit after tax represented an increase ofContinue Reading

By Chinyere Joel-Nwokeoma Activities on the Nigerian Stock Exchange (NSE) commenced the week and month on Monday on a bullish trend, following uptick in BUA Cement, Zenith Bank and UBA. Specifically, the market capitalisation increased by N65 billion or 0.33 per cent to close at N20.892 trillion from N20.823 trillionContinue Reading

By Chinyere Joel-Nwokeoma The total transactions at the Nigerian Stock Exchange (NSE) dropped by 13.66 per cent in January, the News Agency of Nigeria (NAN) reports. The NSE monthly domestic and foreign portfolio investment (FPI) flows obtained NAN on Monday shows that total transactions stood at N232.46 billion (about 590.82Continue Reading

By Joy Odigie The Benin Chamber of Commerce, Industry, Mines and Agriculture (BENCCIMA), has commended the ongoing survey of business establishments in the country. Mr John Imalingmhe, Director-General of the chamber, said the National Business Sample Survey (NBSS) being conducted by the National Bureau of Statistics (NBS) was a welcomeContinue Reading

By Chinyere Joel-Nwokeoma The market capitalisation of Nigerian Stock Exchange on Friday lost N155 billion amid increased profit taking. Speficially, the capitalisation, which opened at N20.978 trillion lost N155 billion or 0.74 per cent to close at N20.823 trillion. Similarly, the All-Share Index shed 295.60 points or 0.74 per centContinue Reading