Berger Paints Q4 net profit declines 21% to Rs 75 crore Berger Paints India Ltd on Wednesday reported 1 per cent decline in consolidated net profit at Rs 219.21 crore for September quarter 2021-22 impacted by high raw material cost and COVID-19. The company, which is into paints and coatings, had posted a net profit […]
The Nigeria Exchange Limited (NGX) has stated that trading of financial derivatives in Nigeria through the organised exchange will play a pivotal role in developing the nation’s bourse and the economy. Speaking at a virtual 6th Market Data Workshop, NGX Chief Executive Officer, Temi Popoola, said trading in derivatives aligns with the exchange’s commitment to […]
Capital market analysts said, following the latest trend in the Nigerian equities space, the market is likely to see mixed trading this week. Speaking on market performance for this week, analysts at Cordros Securities Limited said: “we expect investors to rebalance their portfolios based on an assessment of corporate earnings released for third quarter (Q3), […]
TY Holdings Limited, the investment holding firm of Lt.-Gen. Theophilus Danjuma (rtd), has launched a takeover bid for equity stakes held by minority shareholders in the former BOC Gases Nigeria Plc after the investment firm of the former Minister of Defence acquired majority stake in the industrial gas company. TY Holdings had acquired 60 per […]
By Aduragbemi Omiyale There are reports that a billionaire businessman, Mr Femi Otedola, is coming back into the capital market on a big scale a few years after he offloaded his stake in Forte Oil , 75 per cent , which later became Ardova Plc under its new owners. It is believed that business mogul […]
RC: 6442 2, Tincan Island, Port Road, Apapa, P.O. Box 166, Lagos, Nigeria. T: +234 1 461 4500, F: + 234 1 461 4602 www.mrsoilnigplc.net THE RESOLUTION OF THE BOARD OF DIRECTORS OF MRS OIL NIGERIA PLC MRS Oil Nigeria Plc ("the Company") hereby wishes to inform the Nigerian Exchange Limited ("NGX") and the investing […]
By Ashemiriogwa Emmanuel A total of 67,265 pieces of counterfeit banknotes with a nominal value of N56.83 million was mopped up from circulation by the Central Bank of Nigeria (CBN) in 2020, an Annual Report provided by its Currency Operation Department has revealed. This represents a 20.8 per cent decrease in volume when compared to […]
By Dipo Olowookere Investment in Nigerian equities last week waned by N22.2 billion or 64.2 per cent to N12.4 billion from N34.6 billion in the previous week as only 1.4 billion stocks were traded by investors in 23,987 deals in contrast to the 3.0 billion stocks transacted a week earlier in 25,932 deals. Business Post […]
For Immediate Release Chicago, IL – October 15, 2021 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click […]
The holding company of First Bank of Nigeria, FBN Holdings Plc, has said it has not received any notification of acquisition from the former CEO of Forte Oil, Femi Otedola. In a statement sent to the Nigerian Exchange Limited, the Company Secretary, Seyi Kosoko, responded to the reports that Otedola had allegedly acquired 5 per […]
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