ABUJA- Nigerian stocks climbed towards a four-year high on Wednesday, after Dangote Cement, Nigeria’s biggest listed company, announced plans to buy back shares next week. The all-share index gained 1.16% to 44,367 points, a level last reached in February 2018. Dangote Cement rose 6.18% to 275 naira, valuing the cement group at 4.675 trillion naira […]
Category: Nigeria
Outlook 2022: Pre-election Year Comes With Lots of Market Uncertainty
Proshare Nigeria Pvt. Ltd. The Equity Markets in 2021 The global economy continues its recovery from the COVID-induced recession in 2020 as the breakthrough with Covid-19 vaccines that 2021 would be a year of recovery; however, due to unstable vaccination rates, growth rates vary across regions as new mutations of the virus emerged and hampered […]
Seplat, Dangote Cement, UBA top stocks to watch this week
Top stocks to watch this week More firms released their financial reports for 2021 last week, a majority of them large-cap stocks from sectors as varied as energy, consumer goods, banking and industrial goods. Much as quite a number posted spectacular earnings, two of the five big banks reported passably impressive earnings, while GTCO’s was […]
Dollar To Naira Exchange Rate Today, 9 March 2022
Tuesday, 8 March 2022: This is the news about the Dollar to Naira rate at the official and black market exchange rate. Read Naija News update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates . How Much Is Dollar To Naira Exchange Rate Today […]
MTNN moves the SWOOTs capitalization up by N50.89 billion
The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 0.28% to close at N18.23 trillion from N18.18 trillion the previous week, reflecting a gain of N50.89 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS. Stock Performance: MTNN Plc – N206.00 […]
Buxly Paints Limited
Buxly Paints Limited (PSX: BUXL) was established as a private limited company in 1954 under the Companies Act, 1913 (now Companies Act, 2017). Later in 1985, it was converted into a public limited company. The company manufactures and sells paints, pigments, protective surface coating, varnishes and other related products. It does so under a toll […]
NGX: Market capitalisation gains N42 billion
Nigerian Exchange [Photo Creadit: Business Live Nigeria] Gains recorded by some large and medium capitalised stocks on Thursday lifted market capitalisation by N42 billion. The stocks include Oando, UACN, Jaiz Bank and R.T Briscoe. Specifically, the market capitalisation rose to N25.527 trillion, representing an increase of 0.16 per cent from the N25.485 trillion on Wednesday. […]
DangCem, DangSugar, Nestle, Flour Mills face profit margin pressure
BY: CHARLES ABUEDE Equity market analysts are now openly expressing fears that consumer goods stocks such as Dangote Sugar, Flour Mills Nigeria, Nestle Nigeria and Unilever Nigeria, as well as industrial-focused stocks involved in cement production with a heavy gas composition in their energy mix, may emerge as losers from the faceoff in Eastern Europe […]
Nigerian Stocks: List of Dividends announced in 2022
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these announcements to know who is eligible to collect the dividend, when it will be approved, and when it will be paid. Dividend payment also affects […]
Nigeria: Uzoka – UBA’s Diversified Business Model, Enhanced Digital Platforms Key to Financial Gains
United Bank for Africa (UBA) Plc, has assured its shareholders and investors of excellent performance in the 2022 financial year, as the bank continues to deepen its foothold to reap the benefits of its investments in strong and innovative digital product offerings and expanded scope over the past few years. The Group Managing Director/Chief Executive […]