November
Nigeria: Virgin Atlantic May Have Pulled Out of Nigeria, Sacks Nigerian Staff
Quote: "We fought daily battle against government agents who wanted to daily make fortune from us, politicians who saw the government 49 per cent as a meal to seek for all kinds of favour... watchdogs (regulatory body) that didn't know what to do and persistently asking for bribes at any point... Nigerian people are generally nice but the politicians are very insane... that may be irony because the people make up the politicians."
http://allafrica.com/stories/201511090151.html
Honeywell Flour Mills reports 66.27% decline in full year profit
https://trwstockbrokers.wordpress.com/2015/08/03/honeywell-flour-mills-reports-66-27-decline-in-full-year-profit/
October
Guinness Nigeria suffers 76% profit decline
http://businessnews.com.ng/2015/10/24/guinness-nigeria-suffers-76-profit-decline/
Lafarge Africa’s profit dips amidst slow sales in Q3
http://thenationonlineng.net/lafarge-africas-profit-dips-amidst-slow-sales-in-q3/
Unilever Nigeria : FMCG Companies Suffer Half-Year Profit Decline
http://www.4-traders.com/UNILEVER-NIGERIA-PLC-8252801/news/Unilever-Nigeria--FMCG-Companies-Suffer-Half-Year-Profit-Decline-21155149/
First Aluminium Nigeria records 21.8 % profit decline
http://worldstagegroup.com/index.php?active=news&newscid=25451&catid=30
AIICO INSURANCE PLC: Decline in profits
http://www.pressreader.com/nigeria/thisday/20151108/281827167647336/TextView
Facts behind Diamond Bank’s 12percent profit decline in H1 2015
http://www.transparentnigeria.com/news_entries/24294/Facts-behind-Diamond-Bank%E2%80%99s-12percent-profit-decline-in-H1-2015
Cadbury Nigeria Records 98% Dip in Nine Months Profit
http://www.thisdaylive.com/articles/cadbury-nigeria-records-98-dip-in-nine-months-profit/222822/
HoneyWell Flourmills Records Profit Decline in Half Year 2015
http://www.bullsnbearsng.com/2015/10/honeywell-flourmills-records-profit.html
PZ Cussons: A corporate giant on the decline
http://newmail-ng.com/pz-cussons-a-corporate-giant-on-the-decline
September
Mobil Oil Nigeria records 39% profit decline
Quote: The financial results of the company for the period ended 30th September 2015 published by theNigerian Stock Exchange today showed that profit before tax fell 33.5 per cent
http://naija247news.com/2015/10/mobil-oil-nigeria-records-39-profit-decline/
August
MTN’s Profit Declines as Sales Fall in Nigeria, South Africa
http://www.bloomberg.com/news/articles/2015-08-05/mtn-profit-declines-11-as-sales-fall-in-nigeria-south-africa
Nestle Nigeria records 50.8% profit decline in Q1
http://nationalmirroronline.net/new/nestle-nigeria-records-50-8-profit-decline-in-q1/
Economic crisis: Foreign investors cut commitment at Nigeria Stock Exchange
Activities of foreign portfolio investors, the main drivers of the Nigeria Stock Exchange (NSE), dipped significantly in September, as the nation’s economic and financial challenges persisted.
An analysis of foreign portfolio investments (FPI) at the NSE in September indicated a significant decline of 14. 5 per cent, amid moves by some quoted multinationals to delist from the 55-year-old bourse.
Monthly analysis of transactions at the NSE showed that foreign portfolio investment dipped to N69.33 billion (about35 million dollars) in the period under review compared with N81.13 billion (about 41million dollars) recorded in August.
The data showed that domestic investors’ transactions decreased to N60.59 billion compared with N64.56 billion recorded in August.
A further analysis of the September trading also showed that FPI invested N29.26 billion or 22.52 per cent of total transactions while they repatriated about N40.07 billion or 30.84 per cent, from both dividends and capital gains.
An insight from the market based transaction in the same period of 2014 showed that FPI transactions decreased by 69.42 per cent whilst domestic transactions fell by 79.53 per cent.
Overall, the NSE data indicated that N1.56 trillion was so far invested in nine months in the nation’s bourse.
A further breakdown indicates also that FPI committed N846.92 billion in the Nigerian capital market between January and September compared with N713.51 billion invested by domestic retail investors.
http://www.premiumtimesng.com/business/banking-and-finance/192692-economic-crisis-foreign-investors-cut-commitment-at-nigeria-stock-exchange.html
Activities of foreign portfolio investors, the main drivers of the Nigeria Stock Exchange (NSE), dipped significantly in September, as the nation’s economic and financial challenges persisted.
An analysis of foreign portfolio investments (FPI) at the NSE in September indicated a significant decline of 14. 5 per cent, amid moves by some quoted multinationals to delist from the 55-year-old bourse.
Monthly analysis of transactions at the NSE showed that foreign portfolio investment dipped to N69.33 billion (about35 million dollars) in the period under review compared with N81.13 billion (about 41million dollars) recorded in August.
The data showed that domestic investors’ transactions decreased to N60.59 billion compared with N64.56 billion recorded in August.
A further analysis of the September trading also showed that FPI invested N29.26 billion or 22.52 per cent of total transactions while they repatriated about N40.07 billion or 30.84 per cent, from both dividends and capital gains.
An insight from the market based transaction in the same period of 2014 showed that FPI transactions decreased by 69.42 per cent whilst domestic transactions fell by 79.53 per cent.
Overall, the NSE data indicated that N1.56 trillion was so far invested in nine months in the nation’s bourse.
A further breakdown indicates also that FPI committed N846.92 billion in the Nigerian capital market between January and September compared with N713.51 billion invested by domestic retail investors.
http://www.premiumtimesng.com/business/banking-and-finance/192692-economic-crisis-foreign-investors-cut-commitment-at-nigeria-stock-exchange.html
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