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l     Leading companies in the Nigerian Exchange (NGX) Limited seemed to have beaten the impact of the Covid-19 pandemic, posting significant upticks in both top-line and bottom-line figures. The companies, numbering 83, posted 11.45 percent and 32.4 percent rise in their revenue and pre-tax profits respectively. The bottom-lines also show the corporates outperformed the high inflation rate (15.75%) prevailing during the financial year, which has since galloped to 18.3 percent as at last month, with likelihood of further rises in April and months ahead. Nigeria, alongside other countries in the world, went into recession last year following the effects of the restrictions to movement and economic activities implemented across the country in early second quarter (Q2) of the year in response to the COVID-19 pandemic.

Abdulmuttalib garbaNkiruka nnoromDavid adonriRobert omotundeKato mukuruHead of frontier markets researchArdova plcNigerian stock exchangeCapital groupSeplat petroleum development company plcNigerian exchangeKindly share this storyNigerian stockRedeem gift cardsChief investment officerAfrinvest asset management