Business Capital Market

Equities market indices dip by 40% amid profit-taking

Ihesiulo Grace 23 July 2019 0

Temitope Adebayo The equities market of the Nigeria Stock Exchange (NSE) began this week trading activities on on Monday on a downward trend, with major indices shedding 0.40 per cent. Specifically, market capitalisation which opened at N13.606 trillion lost N54 billion or 0.40 per cent to

Aviation Business

Despite 23.2% revenue rise, SAHCO records N302m loss in PBT

Ihesiulo Grace 12 July 2019 0

Michael Ajayi Despite generating N6.2 billion revenue in 2018, Nigeria’s second largest aviation handler, Skyway Aviation Handling Company Plc (SAHCO) recorded a loss in its Profit Before Tax (PBT) of N302.1 million in 2018. Although, the firm during the year under review increased its revenue by 23.2 per cent to N6.2 billion as against N4.9 […]

Business

NAHCO increases export warehouse capacity

Ihesiulo Grace 15 May 2019

Chukwuemeke Iwelunmo  In a move tailored at increasing capacity to take care of growing cargo volumes, West Africa’s foremost ground handler, nahco aviance, has expanded the size of its export warehouse. The new facility, comprising three sections; Annex Extension, the Canopy Area and the Ramp Area comes on the heels of expanding airfreight volume in […]

Business

Investors in equities market lose N26.4bn in one day

Ihesiulo Grace 10 May 2019

…As ASI declines by 0.24% Temitope Adebayo Investors in the equities market of the Nigeria Stock Exchange (NSE) continued its bearish run for the fourth consecutive trading session to lose N26.4 billion which was impacted by price depreciation recorded in medium and large capitalized stocks. The All Share Index (ASI) dropped 70.16 basis points, representing […]