Alhaji Aliko Dangote The chairman of the Dangote Group and African Billionaire, Aliko Dangote, gained a massive N218 billion from his Dangote Cement Plc stake after the cement company completed a share buy-back program on the Nigerian Exchange Limited (NGX). The richest man in Africa currently holds the majority stake in Dangote Cement Plc, to […]
Dangote Cement Plc has announced the completion of its second tranche of share buy-back programme which lasted for two days, from January 19 – 20, 2022. The Tranche II of the programme entailed the repurchase of 126,748,153 units of shares, representing 0.74% of the Company’s issued and fully paid ordinary shares, at an average price […]
Floor of the Nigerian Stock Exchange Market Nigerian stocks scaled up by 1.29 per cent (or N324 billion) on Wednesday, on track for another week of positive yield as telecom powerhouse Airtel and Ecobank Transnational Incorporated (ETI) led the advance. Airtel continued to draw interest from investors, garnering 10 per cent gain, the maximum daily […]
The market capitalization of the top five banks referred to as the tier-1 banks or FUGAZ, appreciated by 1.32% to close at N2.63 trillion as at close of business, 21st of January, 2022, as investors in these banks gain a total of N34.25 billion during the trading week. After 5 trading days of the week, […]
The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 4.21% to close at N17.78 trillion from N17.06 trillion the previous week, reflecting a gain of N717.92 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS. Stock Performance Airtel Africa Plc – […]
By Dipo Olowookere The market had a breather on Tuesday, appreciating by 0.58 per cent after the previous day’s poor performance as a result of cautious trading. Yesterday, the aggressive purchase of GTCO stocks and others provided the needed succour, though traders are still monitoring happenings in the political space as the nation prepares to […]
Kyari Although the Nigerian National Petroleum Company Limited (NNPC) has remained a loss-making entity for decades, the Chief Executive Officer, Mele Kyari, said the company is now striving to become the most profitable company in Africa. While Dangote Cement with market valuation and profit after tax of N4.35 trillion and N278 billion, respectively, in the […]
Investors in Nigerian equities rallied net capital gains of about N1.240 trillion in the year 2020, despite volatility witnessed in the market, LEADERSHIP learnt. The key performance indicator of the Nigerian Exchange (NGX) Limited, the All-Share Index (ASI), went up by 6.07 per cent to close the year 2021 at 42,716.44 points from 40,270.72 points […]
Kayode Tokede UAC of Nigeria Plc might not improve on its dividend payout to shareholders in 2021 financial year. This is because analysis of its result and accounts for the year under review revealed that profit after tax and profit before tax dropped by 70.4 per cent and 44.3 per cent respectively in nine months […]
·Analysts say MPC outcome will set the tone for new market direction Investors continued to position for dividend-paying stocks, last week, triggering more bargain-hunting activities on the equities sector of the Nigerian Exchange Limited (NGX) as the all-share index (ASI) rose above the 45,000 mark to close at 45,957.35 points – the highest level since […]
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