Tag: #MarketTrends
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PRESSCO POSTS BIG GAINS: PROFIT SOARS 57% IN 2025
Presco Plc has reported a 57.1% jump in profit before tax to ₦177.9 billion for 2025, showing strong momentum in Nigeria’s edible oil sector. Profit after tax rose to ₦121.5 billion, while revenue surged nearly 60% to ₦330.6 billion, driven by improved efficiency and market demand. Gross and operating profits also recorded impressive growth of…
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HEAT WAVE BOOSTS SALES: WATER HAWKERS CASH IN AT ENUGU TRADE FAIR
Scorching temperatures are turning sachet water into hot cake—and business is booming. Sachet water hawkers are smiling to the bank at the ongoing Enugu International Trade Fair in Enugu, as intense heat drives massive demand. A visit to the fairground shows buyers scrambling for water under the blazing sun, with prices now at N50 per…
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NIGERIAN STOCK MARKET SLIPS AS MARKET CAP FALLS BY N1.17 TRILLION
The equities market kicked off the week on a downbeat note, with market capitalisation dropping by N1.173 trillion, or 1.26%, on Monday. Profit-taking in major stocks like Dangote Cement, Enamelware, Transcorp Power, AIICO Insurance, and Guinea Insurance weighed heavily on the market. Market cap closed at N92.328 trillion, down from its opening value of N93.501…
