The Vice-Chancellor of Pan-Atlantic University, Ibeju-Lekki, Prof. Juan Elegido, has said its School of Science and Technology will contribute greatly to the manpower needed to boost industrialisation. Speaking during the official commissioning of the building, which was named after the former Managing Director, Nigerian Breweries Plc, Elder Felix Ohiwerei, said the newly built state-of-the-art edifice […]
December 12, (THEWILL) – Nigerian Breweries Plc posted a huge decline of N852 million in its Group profit after tax (PAT) for the third quarter (Q3) of 2021. This represents a 63 percent drop from N1.35 billion recorded in the corresponding Q3 (Quarter-to-Date) of 2020 to N498 million in the Q3 (Qurter-to-Date) review period – […]
FBN Holdings Kayode Tokede Insiders in fundamental stocks on the Nigerian Exchange Limited (NGX) transacted N32.4billion worth of stocks in 2021, data gathered by THISDAY revealed. The insiders include Managing Directors, Deputy Managing Director, Non-executive Directors, and shareholding firms, among others. The companies whose directors were involved in the transactions include; Nestle Nigeria Plc, Dangote […]
By Providence Adeyinka The Board of Directors of Nigerian Breweries Plc, has announced the appointments of Asue Ighodalo and Juliet Anammah as new Non-Executive Directors. In a notice to the Nigerian Exchange Limited, NGX, signed by the Company Secretary/ Legal Director, Uaboi Agbebaku, the Company stated that the appointments of the duo take effect from […]
Unilever Nigeria Plc has maintained the course of a turnaround from a loss of N1.5 billion in the same quarter last year to a profit of over N1 billion at the end of the third quarter. The company traded at a profit of N368 million in the third quarter, consolidating its position after returning to […]
By Chinyere Joel-Nwokeoma The Nigerian stock market resumed trading on Wednesday after the Christmas holidays with a loss of N238 billion due to profit taking. Speficially, the market capitalisation which opened at N22.060 trillion lost N238 billion or 1.08 per cent to close at N21.822 trillion. Also, the All-Share Index inched lower by 455.75 points […]
Kayode Tokede Vitafoam Nigeria in its unaudited result and accounts for full year ended September 30, 2021 recorded significant increase in revenue but a double-digit growth in cost of sales reduced profits. The foam-manufacturing company also recorded growth in its total operating expenses, another financial parameter that further highlights severe business operating environment faced by […]
Trading activities on the floor of Nigerian Exchange (NGX) Thursday sustained declining position as valued of equities close southwards, shedding N71 billion. Specifically, market capitalisation of listed equities declined further by N7 billion or 0.03 per cent to N22.043 trillion from N22.050 trillion reported the previous day. The NGX All Share Index also depreciated by […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) closed on a positive note last week as investors renewed interest in blue chips listed companies. Amid the bargain hunting activity on the NGX All-Share Index rose week-on-week (W-o-W) by 470.34 basis points or 1.12 per cent to close at 42,353.31 basis points. Similarly, […]
Ahead of the Santa Claus and year-end rally, analysts expect that the Nigerian stock market will close positive this week. Analysts’ Optimism Analysts at Afrinvest Limited stated that, “this trading week, we expect the market to extend last week’s positive performance, driven by bargain purchase as investors continue to review their portfolio for the next […]
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