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Naira devaluation pushes listed firms forex debt near N4tn

The dollar debts of 15 listed companies have hit about N3.76tn as of the end of December 2023, according to The PUNCH analysis

South africaUnited kingdomSouth africanAirtel africaFrancis meshioyeSegun ajayi kadirOlayemi cardosoGbenga oyebodeHill denhamDavid adonriAliko dangoteLafarge africaTajudeen ibrahimHighcap securities ltdEuropean investment bankGuinness nigeria

Naira depreciation costs three businesses N140 billion

Naira depreciation costs three businesses N140 billion
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Paul uzumDavid adonriMoses igbrudeShareholders association of nigeriaUnity bankCadbury plcInternational breweriesNigerian breweriesFast moving consumer goodsCadbury nigeriaIndependent shareholders associationHead equityPlanet capitalHighcap securities

Manufacturers need local raw materials to reduce import bill – Parthian Partners CEO

Nigeria has been witnessing the exit of multinationals with consequences on the populace who consume the products they produce

Oluseye olusogaFidson pharmaceuticalsCadbury plcChief executive officerParthian partnersVenture capital

NGX rebounds as investors gain N313bn

This surge of bullish sentiments followed the bourse recording the first depreciation of its market capitalisation on Wednesday.

Julius bergerSterling financial holding company plcIkeja hotelNigerian exchangeCadbury plcFidelity bankInitiates plcRoyal exchangeUnited bankPrestige assurance plcNigerian exchange limitedAll share indexGuinea insuranceDaar communicationSterling financial holding companySunu assurance

NGX records N638bn loss, first in New Year

The volume and value drivers of the day’s market trend were led by stocks of Transcorp, AccessCorp and Guaranty Trust Holding Company Plc.

Chams holdingsAccess holdings plcNigerian exchangeCadbury plcTransnational corporation plcUnited bankCadbury schweppes overseasFirst bankCadbury schweppesMinistry of humanitarian affairsGuaranty trust holding company plcJaiz bankHallmark holding plcNigeria holdingsZenith bankTranscorp hotel

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