Bearish sentiments dominated the local bourse last week, as the market recorded losses on four of the five trading sessions following profit-taking activities. Accordingly, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) declined 53.74 points or 0.12 per cent week-on-week (W-o-W) to 43,199.27 basis points, just as investments of equities investors reduced by […]
Floor of the Nigerian Stock Exchange Nigerian stocks hit a new milestone on Monday as a tense investor scramble for the shares of the country’s biggest telecommunications companies – MTN Nigeria (MTNN) and Airtel Africa – catapulted the benchmark index by 2.93 per cent to 43,246.87 points equivalent to a market capitalisation, the peak level […]
Global Spectrum Energy Services Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue declined by -28% to N1.3bn from N1.8bn in the previous quarter. Profit before tax declined by 33% to N154m. Profit after tax declined by 32% to N128m. Net Assets grew by 2.6% from N4.9bn […]
The National Drug Law Enforcement Agency (NDLEA) has seized consignments of London-bound cocaine, heroin and methamphetamine and Indian hemp at the Murtala Muhammed International Airport, Lagos. NDLEA’s Director, Media and Advocacy, Mr Femi Babafemi, disclosed this in a statement issued on Sunday in Abuja. Twenty parcels of cocaine was seized during outward routine clearance of […]
The Pension Transitional Arrangement Directorate has said it paid a total of N694.9m to 418 pensioners between May 5 and August 13 through its Parastatals Pension Department. A director at PTAD, Yusuf Umar, disclosed this in Abuja at a workshop for pension correspondents on Friday. “The beneficiaries of the N694.9m pension payment cut across the […]
FBN Holdings Darasimi Adebisi Transactions in the shares of FBN Holdings (FBNH) topped the activity chart with 73.062 million shares valued at N906.755 million on the Nigerian Exchange Limited (NGX) yesterday. Followed was Guaranty Trust Holding Company with 25.039 million shares worth N715.263 million, while Universal Insurance traded 22.771 million shares valued at N4.919 million. […]
LivingTrust Mortgage Bank Plc has applied for regulatory approval to raise N2.75 billion new equity capital from its shareholders as the mortgage fir seeks to build up its balance sheet for aggressive growth. LivingTrust Mortgage Bank plans to float a rights issue of five billion ordinary shares of 50 kobo each at 55 kobo per […]
Chellarams Plc released its 2021 Audited results for the period ended March 31st, 2021. Key Highlights Revenue declined by 29% to N4.8bn from N6.8bn in the previous quarter. Loss before tax stood at N3.6bn. Loss after tax stood at N3.8bn. Net Assets also stood at -N7bn. Share Price Currently Stands at N2:78k Proshare Nigeria Pvt. […]
By Dipo Olowookere Nigeria’s main stock market was down by 0.68 per cent on Friday, thanks to the profit-taking in shares of MTN Nigeria, UPDC and 13 others. The equity price of UPDC went down by 9.47 per cent to N1.53, Livestock Feeds dropped 8.68 per cent to N2.00, Prestige Assurance fell by 8.51 per […]
Authorities at the Nigerian Exchange (NGX) Limited have lifted suspension on trading in shares of Chellarams Plc after the conglomerate complied with extant corporate governance rules by submitting its financial statements. Chellarams, which is listed on the growth board of the NGX, was suspended in September 2021 after it failed to meet the required corporate […]
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