The Nigerian Stock Exchange building (image used for illustration) [Reuters/Akintunde Akinleye] Activities on the nation’s bourse kicked off the first trading session of the year on a positive note due to bargain hunting on BUA Cement. Specifically, the All-Share Index advanced by 309.79 points or 0.73 per cent to close at 43,026.23 against 42,716.44 recorded […]
Babatunde Fajemirokun December 19, (THEWILL) – Directors of AIICO Insurance Plc, one of Nigeria’s topmost insurance firms, received a total emolument of N290.881 million in 2020, the year that COVID-19 spread human suffering and destabilised the global economy in the worst dimension in a century. A study of the firm’s performance records showed that the […]
Cardbury Nigeria Kayode Tokede With hike in cost of sales and severe competition in the consumer goods sector, Cadbury Nigeria Plc’s profit and dividend payout to shareholders seems threatened in 2021 financial year result and accounts. The company in its nine months ended September 30, 2021 unaudited result and accounts was unable to managed its […]
A BUA Foods Factory BUA Foods Plc attained quoted company status after it listed 18 billion ordinary shares in Lagos on Thursday, the firm said, the high point of weeks of transformation and meeting authorities’ as well as regulators’ demands. The milestone implies the food processing firm has gained entry into the Nigerian Exchange Limited […]
By Dipo Olowookere The first trading session of the week on the floor of the Nigerian Exchange (NGX) Limited finished on a positive note as it closed 1.26 per cent higher. The growth was influenced by buying interests in shares in the industrial goods sector, especially Dangote Cement and others. Consequently, the All-Share Index (ASI) […]
Nigerian Pension Fund Index closed the year ended 2021 with a double-digit gain of 16.96%, beating the stock market All Share Index which posted a return of 6.07%. Among the major performers, this year are the likes of Honeywell, Guinness, FBN Holdings, NAHCO which posted a return of 183%, 105% and 63% and 59% respectively. […]
Nigerian Exchange Nigerian stocks added 2.16 per cent or N471.4 billion on Friday in an end-of-the-year rush for shares that helped equities deliver a 6.07 per cent return, but that was miles away from the 50 per cent reported for last year. Investors doubled down on their resolve to own more shares as trade volume […]
As with most other years, 2021 brought fascinating developments in the financial market, especially as the path from the pandemic was far from certain. The performance of the financial market generally fell in line with expectations as fiscal and monetary stimulus packages resulted in a ‘pull to norm’. The equities market saw more domestic investors […]
Following renewed bargain hunting in the shares of some blue-chip companies, the Nigerian equities’ market reversed losses to close in an upbeat yesterday, causing market capitalisation to appreciate by N3 billion. In summary, the all-share index (ASI) grew by 6.17 absolute points, representing an increase of 0.01 per cent to close at 41,813.27 points. Similarly, […]
Beer-maker Champion Breweries last paid a dividend in 1986, Golden Guinea Breweries 1997, Livestock Feeds 2001 and Union Dicon 2001. Fifty one out of the 156 firms quoted on the Nigerian Exchange Limited have not paid dividends in at least five years, with some reaching as far back as 26 years ago. That means roughly […]
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