NGX: Investors lose N21bn as transactions value sheds 15%
The value of transactions on the Nigerian Exchange Ltd. (NGX) dropped by 15 per cent during the week, resulting in a loss of N21 billion for investors compared to the previous week.
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Industrial goods upturn 2023 poor performance, record 73% gain in H1
Contrary to the paltry 12 per cent return on investment recorded by the industrial goods segment of the Nigerian Exchange Limited (NGX) last year, the sector has outperformed other segments to gain
As rising production costs add to consumer inflation concerns…
In the past year, the naira depreciated from N460 to nearly N1500 to the dollar, resulting in a significant increase in the prices of manufacturing inputs. This has worsened the cost of
Telecoms attracts $191.5 million foreign investments in Q1
The telecommunication sector attracted $191.5 million in Foreign Direct Investment (FDI) in the first quarter of 2024. This was disclosed by the National Bureau of Statistics (NBS) in the latest capital importation
African countries to align BIAT action plan with AfCFTA goals
African countries are seeking to implement the Boosting Intra-African Trade (BIAT) Action Plan to align with the goals of the African Continental Free Trade Area (AfCFTA) and improve Africa’s share of global
Stakeholders seek innovative approach to revive real sector
Calling for innovation, an end to unhelpful policies and practices that stifle manufacturing as well as better business environment, the umbrella body for manufacturers in Nigeria, the Manufacturers Association of Nigeria (MAN),
Neimeth targets N5b turnover this year
Neimeth International Pharmaceuticals Plc plans to grow its turnover by more than 127.7 per cent in the 2024 financial year compared to what it made in 2023. The company plans to generate
MultiChoice plans 6,000 hours of local content in 40 languages yearly
Africa’s leading entertainment platform and largest producer of original content on the African continent, MultiChoice, has announced a milestone of 6,000 hours of local content produced in 40 languages each year, airing
NRC generates N1.42 billion, N607.32 million in Q1
The Nigerian Railway Corporation (NRC) generated N1.42 billion in revenue by transporting 675,293 passengers and N607.32 million moving goods in the first quarter of 2024. The National Bureau of Statistics (NBS), in
Shareholders laud CAP on sustained 2023 performance
Shareholders of paint manufacturer in Nigeria and West Africa, Chemical and Allied Products Plc (CAP Plc.) have approved a final dividend of N1.55 kobo per 50 kobo ordinary share, bringing the total
Capitalfield Investment secures ISO 22301 certification
Capitalfield Investment Group Limited has received a certification for the ISO 22301:2019 Business Continuity Management System (BCMS). The certification, awarded on July 1, 2024, at its headquarters in Lagos, underscores Capitalfield’s commitment