CAPITAL MARKET

As Nigeria economy continued to battled naira devaluation, Caverton Offshore Support Group Plc has warned investors that its profit for the half year ended June, 2016 would drop as the company recorded huge losses arising largely from dollar dominated borrowing. The leading provider of marine, aviation and logistics services to...

First Bank of Nigeria (FBN) Holdings Plc is at the brink of a major credit crisis as its Non Performing Loans (NPLs) hit 22 per cent in half year ended June 30, 2016 from 4.1 per cent recorded in half year of 2015. Apex banking regulating body, Central Bank of...

Respite came the way of investors on the Nigerian Stock Exchange (NSE) on Tuesday as the market reversed a six-day losing streak for the All-Share Index appreciated by 1.14 per cent to close at 27,945.02 basis points in contrast to a decline of 0.11 percent recorded on Monday when it...

Fidson Healthcare has announced 88 per cent in profit after tax for the half year ended June 30, 2016. The pharmaceutical company reported that its profit after tax moved from N324 million in first half of 2015 to N39.58 million in first half of 2016. Similarly, profit before tax decline...

The end seems not to have come for spate of losses being experienced by investors on the Nigerian Stock Exchange (NSE) as the market began the week on the losing streak where it end last week as the All-Share Index and Market Capitalization which closed the week at 28,805.45 basis...

A turnover of 1.350 billion shares worth N9.287 billion in 18,679 deals were traded this week by investors on the floor of the Exchange Nigerian Stock Exchange (NSE) in contrast to a total of 1.149 billion shares valued at N13.616 billion that exchanged hands last week in 21,868 deals. The...

The best way to describe how the market went on the Nigerian Stock Exchange (NSE) this week is to just say it was ‘very bloody’ as throughout the week, the market continued looking south wards as investors recorded a loss of N394 billion and All-Share Index dropped by 3.98 per...

…Declares N1.00 dividend in 2016 Despite the macro economy challenges in 2016, Flour Mills of Nigeria (FMN) Plc has announced an impressive growth in profit and loss figures with profit for the year increasing by 70 per cent. The flour producing company shows that its Group profit after tax closed...

From N9.692 trillion on Wednesday, Market Capitalisation of the Nigerian Stock Exchange (NSE) closed at N9.615 trillion on Thursday as investors recorded value devaluation of N77 billion even as the market All-Share Index which closed at 28,221.18 basis points  on Wednesday came down to 27,997.29 basis points. Investors traded a...

The bears continued its onslaught on the equities market as investors recorded a loss of N92 billion on the Nigerian Stock Exchange (NSE) on Wednesday as Market Capitalisation of the Exchange closed at N9.692 trillion from N9.784 of the previous day even as the All-Share Index closed at 28,221.18 basis...