THE concession exercise embarked upon by the Federal Government and the conversion of truck parks to offices by some private businesses has been blamed for contributing immensely to the traffic gridlock along the Apapa port axis.Read More
Business mogul and former Chairman, United Bank of Africa, UBA, Hakeem Belo-Osagie has called on regulators to reduce the barrier to entry into financial technology industry in Nigeria to grant more entrepreneurs opportunity to key into the sector. He made the call at the Mekaria Mentorship Programme Coffee chat series 3, organised by Osita Chidoka,
DESPITE expectations of better business environment in 2016, the reverse was the case for operators in the manufacturing sector of the economy.Read More
Stock buys at the end of year (in the last one week of the year) are usually tied strategically to new year positioning with blue chip companies getting most favourable trades.Read More
With just three trading days to go for 2016 trading year, stocks appeared heading to a positive close, though too late to recover from year-to-date, YtD, losses record in 2016.Read More
YEAR to Date, YtD return on investment in the stock market has declined by 1. 5 per cent as the Nigerian Stock Exchange, NSE market capitalisation closed yesterday at N9.709 trillion from N9.85 trillion.Read More
As revenue dropped by 13.94 per cent, a corresponding (or near that) drop in cost would have made all the difference. But cost dropped by just 4.8 per cent.Read More
The NSE market capitalisation which represents the total value of equities traded on the NSE dropped marginally by 0.07 per cent to close trading at N9.563 trillion from N9.570 trillion it closed last week Friday, %, while the Year-to-Date return stood at -2.80 per centRead More
Wading through the bearish market sentiment for most trading days in 2016, investors have amply rewarded good performance in Presco Plc.
The company had turned in impressive first half 2016, H1’16, results on July 29, 2016 with stellar performance in both topline and bottomline. Consequently, the market rewarded the stock with almost 5.0 per cent gains in the first post-result trading day.
CEMENT, a major commodity in the construction in industry, must have suffered a huge drop in market patronage following the massive headwinds in Nigerian economy since second quarter of last year. Obviously, operators in that line of business took the hit.Read More