Tag: Losses

MTN Nigeria Records N740b Forex Losses
March 2, 2024 No Responses

MTN Nigeria Records N740b Forex Losses

MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion in 2023.  The company attributed the losses to a massive foreign currency loss of N740 billion up from N81 billion reported in 2022. This...
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Losses In Banking Stocks Push Indices Down By N76b
April 4, 2023 No Responses

Losses In Banking Stocks Push Indices Down By N76b

The equity market on Monday extended a negative position as it recorded N76 billion in losses, following sell-offs in Tier-one banking stocks. The market capitalisation lost N76 billion or 0.09 per cent to close at N29.517 trillion compared to N29.543...
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NGX Records N20b Loss
November 30, 2021 No Responses

NGX Records N20b Loss

Trading in the domestic equities market started the week on Monday with negative sentiments following sell pressure in 20 stocks.  Speficially, the market capitalisation which opened at N22.598 trillion lost N20 billion or 0.09 per cent to close at N22.57...
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Crude Oil Extends Losses
September 7, 2021 No Responses

Crude Oil Extends Losses

 Oil prices extended losses on Monday, falling more than 1%, after the world’s top exporter Saudi Arabia slashed crude prices for Asia over the weekend, signalling demand concerns and that global markets are well supplied.Brent crude&...
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