Tag: Loss

Profit-Taking Drags NGX Down By N515b
February 27, 2026 No Responses

Profit-Taking Drags NGX Down By N515b

The Nigerian stock market sustained skidding profile on Thursday, declining by 0.41 per cent and wiping out N515 billion in investors’ wealth.Sustained profit-taking in consumer goods, banking and insurance stocks weighed heavily on the market, with notable declines recorded in...
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Nigeria To Reverse $1b Annual Loss To Vehicle Parts Importation
November 5, 2024 No Responses

Nigeria To Reverse $1b Annual Loss To Vehicle Parts Importation

The Federal Government through the National Automotive Design and Development Council (NADDC) has pledged to reverse over $1 billion annually loss to imported vehicle components.  NADDC Director-General, Joseph Osanipin stated this on Monday during the Mi...
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Investors Lose N388b On NGX  
October 29, 2022 No Responses

Investors Lose N388b On NGX  

The Nigerian Exchange Ltd. (NGX) declined further on Friday as market capitalisation depreciated by N388 billion or 1.6 per cent to close at N23.918 trillion from N24.306 trillion on Thursday.  Also, the All-Share Index (ASI) fell by 712.54 points or...
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WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022
August 13, 2022 No Responses

WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, lays bare the full economic impact of the Ukraine war upon a global economy still trying to recover from the...
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NGX Loses N281b Amid Profit-Taking On Dangote Cement
January 28, 2022 No Responses

NGX Loses N281b Amid Profit-Taking On Dangote Cement

The bears resurfaced at the nation’s bourse on Thursday as a result of profit taking in Dangote Cement and 17 other stocks.  Accordingly, the All-Share Index declined by 520.76 per cent or 1.12 per cent to close at 46,009.23 from...
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Uber Loses $2.9b In Q1
May 9, 2020 No Responses

Uber Loses $2.9b In Q1

For the first quarter of 2020,  Uber lost $2.9 billion as its overseas investments were impacted by the coronavirus pandemic.  Meanwhile, the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain.T...
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NSE Market Capitalisation Records N181b Loss
February 25, 2020 No Responses

NSE Market Capitalisation Records N181b Loss

Activities on the nation’s bourse opened for the week on Monday still on a negative outlook with the market capitalisation shedding N181 billion. Speficially, the market capitalisation following free fall of stocks, lost N181 billion or 1.27 per cent to...
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Coronavirus: Airlines To Lose $30b
February 21, 2020 No Responses

Coronavirus: Airlines To Lose $30b

Airlines stand to lose $29.3bn (£23.7bn) of revenue this year due to the coronavirus outbreak, the global airline industry body has warned. The International Air Transport Association (IATA) predicts demand for air travel will fall for the first time in...
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NSE Market Indices Open With 1.05% Loss
February 11, 2020 No Responses

NSE Market Indices Open With 1.05% Loss

The Nigerian equities market resumed trading for the week on Monday still on a negative trend with the market indices nosediving by 1.05 per cent. Speficially, the All-Share Index lost 294.90 points or 1.05 per cent to close at 27,772.19...
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NSE Opens February Trading With N160b Loss
February 4, 2020 No Responses

NSE Opens February Trading With N160b Loss

In spite of an influx of unaudited 2019 full year results, trading on the nation’s bourse opened for February on a bearish posture, as investors’ sentiment remained weak. Consequently, the NSE All-Share Index on Monday lost 310.13 points or 1.08...
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Qatar Airways Posts $639m Loss
September 19, 2019 No Responses

Qatar Airways Posts $639m Loss

Qatar Airways reported a loss of 2.3 billion Qatari riyals or 639 million dollars on Wednesday for the year ended March 31, as it grappled with the second year of an embargo by neighbours that has restricted its air routes...
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Obaseki commiserates with Otaru, Momoh family
May 31, 2017 No Responses

Obaseki commiserates with Otaru, Momoh family

Governor Godwin Obaseki of Edo State has sent his heartfelt condolences to the Otaru of Auchi, Alhaji Aliru H. Momoh (Ikelebe III) and the entire Momoh family on the passing of Professor Abubakar Momoh, who was of the royal family.   Late Professor...
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