The Consumer Goods Index, which tracks the daily performance of quoted FMCG companies, appreciated by 0.69%, from 559.85 points the previous day, to 563.69 points, at the end of the day’s trading session. The increase recorded in the consumer goods index was driven mainly by Dangote Sugar Plc, BUA Foods, and Flourmill Nig Plc which […]
On Tuesday, BUA Group listed a consolidated entity known as BUA Foods, a combination of its five food businesses comprising pasta, edible oil, sugar, rice, and flour on the Nigerian Exchange Limited by introduction at N40.00/s. The total shares admitted to trading were 18.0bn units of shares, with a market capitalization of N720.0bn upon listing. […]
BUA Foods, a part of the BUA Group family has seen its market capitalization balloon to N957.6 billion just one day after listing on the Nigerian Stock Exchange. The company was listed on the Nigerian Exchange on Wednesday, January 5th, 2021, listing 18 billion shares at a share price of N40 per share. However, in […]
The National Information Technology Development Agency has said 1,213 firms have complied with the Nigeria Data Protection Regulation. NITDA’s Head of Corporate Affairs and External Affairs, Mrs Hadiza Umar, disclosed this in a statement on Friday, titled ‘NITDA publishes a list of NDPR-compliant organisations for 2020-2021’. The statement said, “The list is an authoritative repository […]
NGX building used to illustrate the story The nation’s bourse kicked off the week on Monday still on a bullish note with bargain buying on Dangote Cement and other 27 stocks. Specificaly, the All-Share Index inched higher by 42.71 points or 0.10 per cent to close at 43,897.13 from 43,854.42 achieved on Friday. Accordingly, the […]
The Consumer Goods sector had a stellar performance in 2021 as its index grew by 2.78% from 573.35 basis points at the beginning of 2021 to end the year at 589.28 basis points. The Consumer Goods index outperformed the banking sector index that lost 2.15% in the same period from 2052.33 basis points at the […]
Despite off season slowdown in the third quarter, Presco Plc is one of the few companies from which the most improved corporate earnings reports could reach shareholders for the 2021 trading. Profit was up a clear 175 percent year-on-year to N13.8 billion at the end of the third quarter . The oil palm and rubber […]
The Okomu Oil Palm Company Plc seems set to file one of its most impressive earning reports in many years from the 2021 operations. Despite a likely slowdown in the final quarter due to off season effect, the company is sure to be counted among the most outstanding corporates on profit advances in the just […]
Another January, another rally. Eight of the past 12 years has seen a rally during January. In seven out of eight of those occasions, there was a point, later in the year, when it was possible to buy the market more cheaply. With very few exceptions, it does not pay to chase a January rally. […]
At the end of yesterday’s trading session, International Breweries Plc share price ranked amongst gainers to appreciate by 4.04%, closing at N5.15 per share, and taking the market capitalization from N132.97 billion to N138.34 billion. The brewery company recorded a gain in share prices which can be attributed to investors’ positive sentiment which triggered buy-interests […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.