AGS NEWS – Nigerian Breweries’ foreign exchange losses increased to N160.48bn by the end of the third quarter, according to unaudited results submitted to the Nigerian Exchange Limited on Wednesday. The company’s FX loss rose by 84.83% from N86.83bn in … Continue reading Nigerian Breweries FX loss worsens to N160bn
AGS NEWS – The Nigerian equity market opened the week on a negative note, with the All Share Index falling by 0.72% to close at 97,881.75 points. This decline reduced the market’s year-to-date return to 31.87%, the month-to-date return to … Continue reading Equity market begins week with N404bn loss
AGS NEWS – MTN Nigeria Plc has revealed a significant financial setback in its audited results for the year ending December 31, 2023. The company recorded a loss before tax amounting to N177.8 billion, a drastic shift from the pre-tax … Continue reading MTN reports N740 billion loss due to forex impact
AGS NEWS – The bears retained control of the Nigerian Exchange on Tuesday, with the All-Share Index experiencing a decline of 1.39%. Investors witnessed a loss of N773 billion driven by sell-offs, leading the market capitalization to settle at N55.04 … Continue reading Equity market sustains loss, sheds N773 billion
AGS NEWS – Nigerian Breweries Plc has revealed a significant foreign exchange loss amounting to N153 billion, attributed to the devaluation of the naira. This information was disclosed in the company’s earnings report, which accompanied its audited results for the … Continue reading Nigerian breweries reports naira devaluation causing N153bn forex loss
Eight companies have reported a total currency revaluation loss of N918.1bn, attributing it to a 68.55% decline in the value of the naira against the dollar. Following the Central Bank of Nigeria’s decision to let the market determine the naira’s … Continue reading Firms report N918.1bn loss on naira-dollar revaluation
In the wake of a 68.55 percent decline in the value of the naira against the dollar by the end of September 2023, eight prominent firms have collectively declared a staggering N918.1 billion in currency revaluation losses. This significant downturn … Continue reading Eight companies report N918.1 billion loss in currency revaluation
Development Finance Institutions, represented by the Association of African Development Finance Institutions (AADFI), are emphasizing the need for concrete strategies to integrate climate-resilient products into African business frameworks. This initiative aims to address climate finance requirements and reduce risks associated … Continue reading AADFI issues warning about Africa 15% GDP loss due to climate change. Read full story!
Barcelona’s manager, Xavi, took a moment to discuss their recent 2-1 loss to Real Madrid on Saturday. The match saw Jude Bellingham scoring twice in the second half for Los Blancos, overturning Barcelona’s initial lead. Xavi expressed his belief that … Continue reading Xavi speaks on Barcelona’s 2-1 loss to Real Madrid
New data obtained from the National Oil Spill Detection and Response Agency (NOSDRA) has revealed that the Federal Government of Nigeria incurred losses of approximately N843 billion due to gas flaring between January 2022 and August 2023. NOSDRA’s latest gas … Continue reading Government incurs N847 billion loss due to gas flaring – NOSDRA
Fraud is causing trouble for Nigerian banks, according to a report by FITC. In the first half of 2023, there were 24,232 cases of fraud in these banks. The report looked at different types of fraud, including mobile fraud, computer/web … Continue reading Report reveals banks’ loss of N6 billion to fraud in six month period
Nigeria’s Super Falcons were eliminated from the FIFA Women’s World Cup 2023 quarter-finals as they lost to England in a penalty shootout. The match ended goalless after 90 minutes and extra time. Despite England being reduced to 10 players, Nigeria … Continue reading Super Falcons bow out of FIFA women’s world cup 2023 quarter-finals after penalty loss to England
Investors in the Nigerian Exchange experienced a loss of N37 billion on Thursday, attributed to declines in the share prices of Stanbic IBTC Holdings, Wapic, GlaxoSmithKline, FCMB, and other companies. This led to a 0.12 percent decrease in both the … Continue reading Stock investors suffer N37bn loss on Nigerian exchange
AGS NEWS 