The Nigeria Stock Exchange in Lagos Investors in Nigeria’s stock market on Monday lost N170bn as market capitalization fell from N11.124tn on Friday to N10.954tn, Concise News reports. This online news medium understands that the All Share Index shed 1.53 per cent to close at 29,162.24 basis points, and dragged the year-to-date loss to -7.2 […]
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Flour Mills, UACN list N20.50bn commercial papers on FMDQ
Flour Mills of Nigeria Plc and UACN Property Development Company Plc have listed N20.50bn commercial papers on the FMDQ OTC Securities Exchange. The FMDQ, in its monthly newsletter, said it maintained its support for the development of the Nigerian commercial paper market by steadfastly availing its highly efficient and credible platform for the registration, listings, […]
Shareholders laud Transcorp’s 30% rise in revenue
Transcorp hotels Shareholders of Transnational Corporation of Nigeria Plc, have commended the Board and Management for their remarkable achievements recorded in the financial performance in 2018. Transcorp’s results for the financial year ended December 31, 2018, showed that the Group’s revenue hit an impressive N104.16billion representing a 30% revenue growth compared to the preceding year’s […]
Transcorp to scale up power business with $2.5b new investment
Transnational Corporation of Nigeria (Transcorp) Plc will scale up its power business with additional investment of about $2.5 billion as the conglomerate seeks to consolidate the profitability of its businesses. The board and management of the conglomerate yesterday presented the underlying facts behind its operations to the investing public at the Nigerian Stock Exchange (NSE). […]
Wema Bank, Presco, others lead stock market’s N95 billion loss
[FILES] Nigerian Stock Exchange (NSE) The bears sustained hold on the equities sector of the Nigerian Stock Exchange (NSE) yesterday, as more blue-chip stocks depreciated in price, especially Wema Bank and Presco, causing the All-Share Index to decline further by 0.01 per cent. Specifically, the All-Share Index shed 3.46 absolute points, representing a dip of […]
Transcorp Assures Stakeholders of Superior Value Delivery
Valentine Ozigbo Goddy Egene The President /Chief Executive Officer of Transnational Corporation of Nigeria (Transcorp) Plc, Mr. Valentine Ozigbo, has said the conglomerate with interests and investments in hospitality, power, oil and Gas and others, remains committed to deliver superior value to all stakeholders. Ozigbo, stated this while presenting the company’s ‘Facts behind the figures’ […]
Bulls return as market gains N17bn
nigeria stock exchange Investment in the nation’s equity market on Thursday closed north ward, increasing by N17 billion. Specifically, Market capitalisation of listed equities increased by 0.16 per cent to N10.965 trillion from N10.948 trillion recorded on Tuesday. The Nigerian Stock Exchange (NSE) All Share Index grew by 53.08 basis points to 29202.54 points from […]
Nigerian Equity Market Rebounds, Up 0.15%
Lagos – After closing in the red for the better part of the week, trading on the floor of the Nigerian Stock Exchange (NSE) advanced 0.2 per cent. The All Share Index settled at 29,202.54 points on the back of buying interests in bellwether stocks – Dangote Cement (+0.5%), Zenith Bank (+2.2%) and FBN Holdings […]
Stocks Market Sheds N15bn On Sustained Profit Taking
The Nigerian stocks market yesterday shed N15 billion as bearish run persisted on sustained profit taking. The All Share Index (ASI) shed 41.48 absolute points, representing a decline of 0.13 per cent, to close at 31,040.84 points. Similarly, market capitalisation lost N15 billion, to close at N11.576 trillion. The downturn was impacted by losses recorded […]
NSE suspends trading in Diamond Bank shares
Diamond Bank The Nigerian Stock Exchange (NSE) has placed trading in the shares of Diamond Bank Plc on full suspension effective Monday, March 20. But a statement yesterday from the Head, Listings Regulation Department, NSE, Lilian Dako, said the suspension is required to prevent trading in the shares of the Bank, to determine the shareholders […]