Flour Mills swings to quarterly profit despite N28bn FX loss
Flour Mills of Nigeria swung to a profit before tax of N7.36 billion for the three months ended June 30,
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Stocks
Nigerian stocks tumble to two-month low with N1.11trn loss
Nigerian stocks lost N1.11 trillion in market value on Friday, with the benchmark index falling below the 100,000 mark. The
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Dangote Cement’s forex loss widens to N201bn in H1
Dangote Cement Plc saw its net foreign exchange loss widen to N201.3 billion in the first half of 2024 from
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Foreign investors cut Nigerian stock purchases to four-month low
Foreign investors cut their exposure to Nigerian stocks in June, with inflows falling to the lowest level in four months.
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Ikeja Hotel’s earnings more than triple in H1
Ikeja Hotel Plc posted a profit before tax of N2.06 billion in the first six months of 2024, up from
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Transcorp’s half-year profit surges nearly four-fold
Transnational Corporation Plc reported a profit before tax of N70.9 billion for the first half of this year, up 283%
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Dangote Cement’s half-year profit hits N190bn as revenue jumps 85%
Dangote Cement Plc, Africa’s largest cement producer, posted a 6.3% increase in its profit after tax to N189.9 billion for
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Airtel Africa swings to profit despite weaker Nigerian naira’s impact
Airtel Africa Plc reported a profit after tax of $31 million for the quarter ended June 30, compared with a
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Transcorp Hotels’ half-year profit nearly triples
Transcorp Hotels Plc posted a 188% increase in its profit before tax for the first half of this year compared
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International Energy Insurance swings to N3.71bn loss in H1
International Energy Insurance Plc reported a loss after tax of N3.71 billion in the first half of this year compared
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