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06

Oct
Business & Economy

NNPC grew profit by 134.84% to N674bn in 2021

The Nigerian National Petroleum Company (NNPC) Limited has declared a profit after tax of N674 billion for 2021 financial year. According to the Group Chief Executive Officer of NNPC, Mele Kyari, NNPC as a corporation grew its profit after tax from N287 billion in 2020 to N674 billion in 2021. […]

06

Oct
Business & Economy

Q3 2022 Earnings Forecast for Manufacturing Firms

The market has eventually entered the Fourth Quarter of the year and in a matter of days, Q3 results of listed firms on the Nigerian Exchnage will start hitting the market. Prices of stocks have been coming down, creating entry opportunities for discerning investors. Investment in stocks is done against[…]

06

Oct
Business & Economy

Geregu Power to list 2.5bn ordinary shares on NGX

Geregu Power has announced that it will be listing 2.5 billion ordinary shares of 50 kobo each at a share price of N100 per share on the Nigerian Exchange. Geregu Power will be the first electricity company- generation, transmission, or distribution that will be listed on the Exchange in Nigeria’s history. The listing will[…]

06

Oct
Business & Economy

Shareholders restates commitment to support NGX Group

Nigerian Exchange Group Plc held its Annual General Meeting over the weekend. Shareholders reviewed the performance of the company after its demutualisation and restated commitment to support the ongoing transition of the group. The Nigerian Stock Exchange (NSE) in March, last year converted to a profit-making public limited liability company[…]

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