Flour Mills of Nigeria swings to pretax loss, cuts dividend
Flour Mills of Nigeria, a food and agro-allied company, reported a loss before tax of N236.68 million for the year
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Stocks
Investment firm VFD sees quarterly earnings jump to N3bn
VFD Group, a Lagos-based proprietary investment company, reported a surge in its profit before tax to N3.04 billion in the
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Nestle Nigeria blames naira devaluation for negative net assets
Nestle Nigeria, a major food and beverage company, said its liabilities surpassed assets at the end of last year because
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Foreigners dump Nigerian stocks at fastest pace in six years
Foreign investors offloaded Nigerian stocks at the fastest pace in six years last month, after a buying spree in March
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Construction firm Arbico exits Nigerian stock exchange 45 years after
Arbico Plc, a building and civil engineering construction company, has removed its shares from the Nigerian Exchange Limited (NGX) 45
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Hot money inflows in Nigeria near six-year high
Foreign portfolio investment, also known as hot money, rose last month to the highest in nearly six years as the
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Nigerian stock rally loses steam after bumper rate hike
The rally in the Nigerian stock market has hit a speed bump after two straight hikes in interest rates by
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Nigeria’s first listed infrastructure debt fund sees profit double
Nigeria Infrastructure Debt Fund has reported a profit before tax of N20.38 billion for the 2023 financial year, up from
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Access, FBN Holdings join trillion-naira club as stocks extend winning streak
Access Holdings Plc and FBN Holdings Plc have become the newest members of the club of firms that boast at
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NGX bets on Nollywood to boost retail stock investment
The Chief Executive Officer of Nigerian Exchange Limited (NGX), Mr Temi Popoola, has said Nollywood, the country’s film industry, can
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