January 29, 2025/Cordros Report TotalEnergies Marketing Nigeria Plc (TOTAL) published its Q4-24 unaudited financials today, reporting an 81.0% y/y decline in standalone EPS to NGN1.77 in Q4-24 (Q4-23: NGN6.16) undermined by an uptick in net finance cost (+185.4% y/y). However, 2024FY EPS increased by 115.5% y/y to NGN81.94 (2023FY: NGN38.03), supported by […]
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Intraday Update: Nigerian Stocks Gain +0.55%, Buoyed by Blue Chips
January 29, 2025/InvestmentOne Update ASI as at 12.00pm: +0.55% Top Gainers and Losers: CHELLARAM (+9.98%), STANBIC (+9.92%), MCNICHOLS (-10.00%) and THOMASWY (-9.80%). Sector Performances: Banking (+0.51%), Consumer Goods (+0.47%), Industrial (+0.01%) and Oil & Gas (-0.09%). Market activity: In today’s trade, total volume and value decreased by 33% and 30% […]
Nigeria Records Drop in Merchandise Trade, Sustains Net Trade Surplus in Q3 2024
January 28, 2025/FBNQuest Research The Central Bank of Nigeria (CBN) disclosed that the total value of Nigeria’s merchandise trade decreased by -3% quarter-on-quarter (QoQ) and -13% year-on-year (YoY) to US$22.8bn in Q3 2024 according to the Quarterly Statistical Bulletin (QSB). The sequential reduction in the nation’s trade position was primarily […]
