International Breweries recorded a revenue growth of 32.1% to N46.43 billion in the third quarter of 2021. This is contained in its Q3 2021 financial report, released on the website of the Nigerian Exchange Group (NGX). According to the report, the firm’s top line increased by 32.1% from N35.15 billion recorded in the corresponding period […]
Guinness Nigeria Plc has approved N1.008 billion in dividends for shareholders as the company recorded a 54 percent increase in revenue for the year ended June 30, 2021. The board of the company disclosed this at the 71st annual general meeting (AGM) held in Lagos at the end of October. Omobola Johnson, the chair of […]
With the upward trend in global oil prices, investors are building positive sentiments around oil, thereby ensuring that the oil and gas sector on the Nigerian Exchange (NGX) Limited grew by N145.734 billion in the first nine months of the year. The gain was triggered by the gains in the share prices of Seplat Energy, […]
(L-R) Chairman of BUA group, Abdul Rabiu; Chairman of Dangote Group, Aliko Dangote; and President of Nigeria, Major General Muhammadu Buhari (retd.) at investment summit in Saudi Arabia. Credit: Femi Adesina The President, Major General Muhammadu Buhari (retd.), on Wednesday met with the Chairman of Dangote Group, Aliko Dangote, at an investment summit in Saudi […]
Transactions on the Nigerian stock market opened trading for November on a negative note with the market capitalisation losing N32 billion on profit-taking. Specifically, the market capitalisation which resumed for the month at N21.938 trillion lost N32 billion or 0.15 per cent to close at N21.906 trillion. Also, the All-Share Index dropped 61.81 points or […]
By Dipo Olowookere It was a negative start to a new month at the Nigerian Exchange (NGX) Limited on Monday as investors embarked on profit-taking, causing the market to melt by 0.15 per cent. Business Post reports that the investor sentiment was negative yesterday as there were 32 depreciating stocks and 20 appreciating stocks, indicating […]
The nation’s bourse on Tuesday closed in green, reversing negative mood following buying interest in BUA Cement. Specifically, the market capitalisation inched higher by N19 billion or 0.09 per cent to close at N21.925 trillion from N21.906 trillion recorded on Monday. Also, the All-Share Index rose by 36.60 points or 0.09 per cent to 42,013.39 […]
By Dipo Olowookere Trading activities at the nation’s stock market closed slightly positive on Tuesday as bargain hunting on a few stocks took the Nigerian Exchange (NGX) Limited back to the bulls’ territory. Business Post reports that Nigerian stocks appreciated by 0.09 per cent yesterday, though investor sentiment remained weak as the market closed with […]
Nigerian Stock Exchange Stock investors in the Nigerian Exchange Limited gained N19.11bn at the end of trading on Tuesday, despite negative sentiment in the market as 31 firms recorded losses as against 10 gainers. The NGX All-Share Index appreciated by 0.09 per cent to close at 42,013.39 basis points from 41,976.79bps on Monday, while the […]
By Aduragbemi Omiyale Ahead of its dissolution, Rak Unity Petroleum Plc has announced its intention to transfer all unclaimed dividends of shareholders into the companies liquidation account as required by the law. Rak Unity is preparing to wind up and according to the Companies and Allied Matters Act (CAMA) 2020 and the Companies Winding-up Rules, […]
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