According to GlaxoSmithKline Nigeria Plc's recently released financial statement for 2023, the company's profit dropped by 33.76% to N510.80 million in 2023 from N771.15 million in the previous financial year.The company announced this in a notice filed with the Nigerian Exchange Limited on Tuesday ...
The Central Bank of Nigeria (CBN) has adjusted the Custom duties at the nation's seaports and airports from N1,617.96/$1 to N1,593.41/$1, a 1.5% reduction.Analysts stated that the reduction in Customs duties was due to the naira strengthening against the dollar at the official window over the weekend.According to data from the federal government's Single Window for Trade on Monday, the exchange ra...
The Nigerian Stock Exchange (NGX) witnessed a decline of N238.55 billion to begin the new week as investors' profit-taking activities led to the decline of prices of MTN Nigeria Communication Plc and 26 others, which caused a slide in market capitalization.The NGX All-Share Index declined by 0.4% to close at 104,663.34 basis points, as the month-to-date and year-to-date returns moderated to +4.7% ...