09

May

AIICO Insurance leads industry in PAT growth in Q1 2022

Comparative Analysis of insurance stocks The Nigerian stock market has been on the uptrend for the past few weeks, triggered by impressive results with dividend pay-out in 2021 year end, and good Q1 2022 results recently released. The positive vibration has pushed the All Share Index to 50,935.03 points, up by 19.24% year to date. The Market […]

09

May

Market extends weekly gain by N699bn, returns 2.61%

The Nigerian stock market last week closed on a bullish note, occasioned by growth in the share price of BUA Cement, MTN, Airtel, Presco, Okomu and 44 other stocks. The All Share Index and Market Capitalisation grew by 2.61% week on week by 50,935.03 points and N27.460 trillion respectively. An aggregate of 1.598 billion units of shares[…]

06

May

NAHCO reports N2.82bn as turnover, PAT rises by 91.08% in Q1 2022

Nigerian Aviation Handling Company in the First Quarter of 2022 achieved significant growth in its top line and bottom line figures. The Company reported a turnover of N2.818 billion for the 3 months period, up by 27.82% from N2.204 billion reported the previous year. Profit after tax grew by 91.08% to N324.1 million from N169.6 million reported[…]