By InvestAdvocate Lagos (INVESTADVOCATE)-Soap and detergent producer, Unilever Nigeria Plc on Thursday said its profit after tax (PAT) for the period ended December 31, 2015 drooped 50.6 percent to N1.19 billion from N2.41 billion declared a year ago. In the same vein, pretax profit declined 38.4 percent to N1.77 billion […]
Tag: Cordros
NSE Yields to Bear Pressure, ASI Down 1.09% on Profit-Taking across Major Counters
By InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian Stock Exchange succumbed to bear pressure on Wednesday as the all-share index (ASI) declined 1.09 percent to close at 25,736.92 points, while market capitalisation fell by N97.49 billion to N8.85 trillion. This is coming on the heels of profit-taking activities across major counters […]
Indicative 2016 Budget as Passed by the Senate Today
March 23, 2016/Cordros 2016 Budget Passed by the Senate MTEF 2016 Variation Debt service (N’ trn) 1.48 1.48 0% Statutory transfers (N’bn) 351.4 351.4 0% Capital expenditure (N’ trn) 1.59 1.86 -15% Budget deficit/GDP (%) 2.14 2.2 -6bps Exchange Rate (NGN/US$) 197 197 0% Benchmark oil price (US$) 38 38 […]
