Vitafoam Nigeria Plc

Vitafoam Nigeria Plc veered off course in the second quarter, as foreign exchange losses of N13 billion from foreign-denominated debts plunged the bottom line into the red. The company incurred a net loss of N7.6 billion in its second…

The Nigerian equities Wednesday dipped further as the All Share Index fell by 0.07 per cent. The ASI shed 29.03 index point to close at 40,465.32 basis point from its opening at 40,494.35 basis point. Remarkably, the market…

Vitafoam Nigeria Plc is going strong for the third year on a stretch since it put an end to a stream of losses in 2018. The company’s third-quarter report as at June 2020 shows that it isn’t likely to sustain the trend of…