Analysts have said trading activities on the Nigerian stock market will be driven by the outcome of the Monetary Policy Committee (MPC) meeting. The MPC is expected to hold its first meeting of the year on the 24th and 25th of January 2022. Analysts expect the Committee to assess global growth prospects for the year […]
Nigeria’s Financial Service sector is expected to continue its 2021 progress and grow by 8.32%. This was revealed by the Managing Director/Chief Executive Officer, Financial Derivatives Company, Mr Bismarck Rewane, at the Nigerian Economic Outlook 2022 webinar organised by First Bank of Nigeria Ltd. on Thursday in Lagos, according to NAN. He stated that growth […]
BUA Foods Plc joined the SWOOTs after passing the N1 trillion threshold required to be classified as a member of the group. After appreciating by 24.10% during the week, from N53.2 per share to N66.00 per share, BUA Foods had gained a total of N230.40 billion, taking the company’s market value to N1.19 trillion. Up […]
SWOOT The combined market capitalization of stocks worth over one trillion (SWOOTs) depreciated by 0.16% to close at N17.75 trillion from N17.78 trillion the previous week, reflecting a loss of N29.12 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS. Stock Performance Airtel Africa Plc […]
The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 2.70% to close at N18.23 trillion from N17.75 trillion the previous week, reflecting a gain of N478.72 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS. Stock Performance Dangote Cement Plc – […]
Nascon Allied Industries Plc has informed the Exchange, shareholders and general public of the resignation of the company’s Managing Director and Chief Executive, Mr Paul Farrer which is to take effect from March 3rd 2022. This was disclosed in a notice signed by the company’s secretary, A. A. Samuel, and filed with the Nigerian Exchange […]
This is to inform Nigerian Exchange Limited, shareholders of NASCON Allied Industries Plc and the investing public that the Managing Director of the Company, Mr Paul Farrer, has given notice of his resignation as the Managing Director and Chief Executive of NASCON Allied industries Plc with effect from 13 th March 2022. The Company will […]
Regular Price Flour Mills of Nigeria Plc (FMN) through its affiliates sought to acquire circa 72percent equity stake in Honeywell Flour Mills Plc (HFMP). FMN and Honeywell Group have executed an SPA in this regard. Recently, Flour Mills of Nigeria Plc released its unaudited nine months (9M) financial results for the period ended December 31, […]
The dominance of the bulls continued unabated for the third consecutive session, yesterday, as almost all the blue chip stocks recorded price appreciation, resulting in a further rise in market capitalisation by N248 billion. At the close of transactions on the Nigerian Exchange Limited (NGX), the all-share index (ASI) rose by 460.38 basis points to […]
The nation’s equity market yesterday closed on positive note, appreciating by N318 billion or 1.28 per cent to N25.073 trillion from N24.755 trillion reported the previous day. The NGX All Share Index (ASI) also appreciated by 590.48 basis points to 46529.99 points from 45939.51 points traded the previous day. Investors during the day traded 328.997 […]
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