August 4, 2023/InvestmentOne Update ASI as at 12.00pm: +0.02% Top Gainers and Losers: GLAXOSMITH (+9.88%), SUNUASSUR (+9.30%), ETERNA (-9.83%) and LINKASSURE (-9.41%). Sector Performances: Consumer Goods (+0.51%), Banking (+0.19%), Industrial (+0.04%) and Oil and Gas (-0.52%). Market activity: In today’s trade, total volume and total value decreased by 46% and 42%, […]
Updates
Federally Collected Revenue Drops by 1% QoQ to N3.0trn in Q1 2023
August 3, 2023/FBNQuest According to the CBN’s most recent Quarterly Statistical Bulletin, gross federally collected revenue for distribution to the three tiers of government declined slightly by -1% q/q to NGN3.0trn in Q1 ‘23. However, the federation’s gross revenue increased by +44% y/y. Underscoring the slight q/q drop in gross […]
GlaxoSmithKline Consumer Nigeria to Cease Operations
August 3, 2023/NGX In our published Q2 results, we disclosed that the GSK UK Group has informed GlaxoSmithKline Consumer Nigeria PLC of its strategic intent to cease commercialization of its prescription medicines and vaccines in Nigeria through the GSK local operating companies and transition to a third-party direct distribution model […]
