According to the recently released NGX Domestic & Foreign Investment report for November 2021, the total value traded on the local bourse, albeit still high, declined by 7.95% m/m to N196.1bn (US$472.5m) in November from N213.1bn (US$513.3m) in October. Despite the foreign investors’ increased activity level by 63.98% m/m to N69.6bn (US$167.6m), it was insufficient […]
The Nigerian Exchange Limited (NGX) sustained a rising profile at the end of yesterday, as bargain hunting in the shares of 20 blue-chip companies lifted market capitalisation further by N218 billion. Specifically, the All-Share Index (ASI) grew by 416.24 absolute points, representing an increase of 0.99 per cent to close at 42,435.16 points. While market […]
Kayode Tokede Trading in the stock market of the Nigerian Exchange Limited (NGX) commenced the week yesterday with negative sentiments amid investors profit-taking in Presco Plc and 20 others. Specifically, the NGX All-Share Index (ASI) dropped by 37.35 basis points or 0.09 per cent, to close at 43,270.94 basis points from 43,308.29 basis points. Consequently, […]
At the end of today’s trading session, Presco Plc share price depreciated by 1.24% to close at N87.80 per share, taking the market capitalization from N88.90 billion to N87.80 billion. Presco Plc, today recorded a loss in share prices which can be attributed to investors’ negative sentiment which triggered sell-offs in the shares of the […]
The Nigerian stock market resumed trading on Wednesday after the Christmas holidays with a loss of N238 billion due to profit-taking. Speficially, the market capitalisation which opened at N22.060 trillion lost N238 billion or 1.08 per cent to close at N21.822 trillion. Also, the All-Share Index inched lower by 455.75 points or 1.08 per cent […]
The Vice-Chancellor of Pan-Atlantic University, Ibeju-Lekki, Prof. Juan Elegido, has said its School of Science and Technology will contribute greatly to the manpower needed to boost industrialisation. Speaking during the official commissioning of the building, which was named after the former Managing Director, Nigerian Breweries Plc, Elder Felix Ohiwerei, said the newly built state-of-the-art edifice […]
December 12, (THEWILL) – Nigerian Breweries Plc posted a huge decline of N852 million in its Group profit after tax (PAT) for the third quarter (Q3) of 2021. This represents a 63 percent drop from N1.35 billion recorded in the corresponding Q3 (Quarter-to-Date) of 2020 to N498 million in the Q3 (Qurter-to-Date) review period – […]
FBN Holdings Kayode Tokede Insiders in fundamental stocks on the Nigerian Exchange Limited (NGX) transacted N32.4billion worth of stocks in 2021, data gathered by THISDAY revealed. The insiders include Managing Directors, Deputy Managing Director, Non-executive Directors, and shareholding firms, among others. The companies whose directors were involved in the transactions include; Nestle Nigeria Plc, Dangote […]
By Providence Adeyinka The Board of Directors of Nigerian Breweries Plc, has announced the appointments of Asue Ighodalo and Juliet Anammah as new Non-Executive Directors. In a notice to the Nigerian Exchange Limited, NGX, signed by the Company Secretary/ Legal Director, Uaboi Agbebaku, the Company stated that the appointments of the duo take effect from […]
Unilever Nigeria Plc has maintained the course of a turnaround from a loss of N1.5 billion in the same quarter last year to a profit of over N1 billion at the end of the third quarter. The company traded at a profit of N368 million in the third quarter, consolidating its position after returning to […]
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