The Nigerian Exchange Limited has suspended trading in the shares of four firms this year for falling short of regulatory criteria, even as it is in the process of delisting three firms. The NGX Regulation Limited said in a report that Chellarams Plc, Niger Insurance Plc, The Tourist Company of Nigeria Plc, and Thomas Wyatt […]
Speculators in the local equities market again sold off on Wednesday as the share price of First Bank Holding declined marginally following the heavy activity on the stock in the course of the share purchase by Femi Otedola. Also, the sell pressure on Transcorp Hotels and International Breweries drove the NGX to a negative performance […]
Darasimi Adebisi Transactions on the stock market of the Nigerian Exchange Limited (NGX) yesterday commenced on a positive note as large and medium capitalised stocks appreciated. The market positive performance was driven by price appreciation in Airtel Africa Pl, Total Nigeria Plc, Unilever Nigeria Plc, PZ Cussons Nigeria Plc, and Guinness Nigeria Plc. The NGX […]
By Nkiruka Nnorom The share price of FBN Holdings Plc (First Bank Group) rose by 2.45 per cent yesterday to close at N12.55 per share amid controversy over who holds controlling interest in the bank. This comes as sources at the Securities and Exchange Commission, SEC, confirmed to Vanguard that SEC will undertake a review […]
Preline Limited, an investment vehicle of RainOil Limited, has acquired 60.98 per cent stake in Eterna Plc in a deal consummated on the Nigerian Exchange Limited on Friday. According to a statement, information from the Nigerian Exchange Limited revealed that the transaction involved the crossing of a total of 794,969,774 shares of Eterna in an […]
Rainoil Energy firm Rainoil Limited purchased a 61 per cent holding in rival Eterna Oil Plc via an indirect acquisition that saw seven of the latter’s substantial shareholders give up their shares in exchange for negotiated cash. The deal, the culmination of more than 10 months of talks, hands Preline Limited ( the special purpose […]
The Nigerian Exchange Group (NGX) is the official stock exchange for Nigeria with about 360 public companies listing their shares on the exchange to make them available for retail and institutional investors to either buy, sell, or exchange stocks. Choosing the best shares to trade can be a daunting exercise for many investors, especially for […]
Exxon Mobil Corp. XOM, -1.20% said Wednesday it will raise its quarterly dividend by a penny, to 88 cents a share from 87 cents. The new dividend will be payable Dec. 10 to shareholders of record on Nov. 12. The stock slumped 2.5% in afternoon trading, amid a broad slump in energy stocks as crude […]
Shares of Exxon Mobil Corp. XOM, -1.23% rallied 1.1% in premarket trading Friday, after the oil and gas giant reported better-than-expected third-quarter profit and revenue, as improved demand and increased realizations helped all of the company’s business segments generate positive results. The company swung to net income of $6.75 billion, or $1.57 a share, from […]
(RTTNews) – Exxon Mobil Corp. (XOM) reported a profit for the third-quarter compared to a loss last year, reflecting improved demand and strong operations. Quarterly adjusted earnings per share topped analysts’ expectations. The company plans to buy back up to $10 billion of shares over the next two years. The company expects to be well […]
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