The Board of Transnational Corporation of Nigeria Plc (‘’Transcorp Plc’’) has announced the appointment of Mr Joseph Adegunwa, as the new Chief Financial Officer of the Company, effective from November 15, 2021. This is according to a statement signed by the Group Company Secretary, Kofo Olokun-Olawoyin, and filed with the Nigerian Exchange Limited (NGX). Excerpts […]
Two years after listing shares on the Nigerian Exchange Limited (NGX), MTN Nigeria Communications Plc, yesterday, announced the Group’s plans to sell up to 575 million shares by way of a book build to institutional investors and fixed price to retail investors. According to the company, the offer is expected to open in November 2021, […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) depreciated by N13 billion in its Week-on-week (WoW) performance as bearish sentiment resurfaced on the domestic bourse. Investors profit-taking in Unilever Nigeria Plc, Nigerian Exchange Group (NGXGroup) and CUTIX Plc shares down the market capitalisation to N21.926trillion last week. Hence, the NGX All-Share Index […]
Nigerian stocks were back to winning way on Monday after three trading days of consecutive decline as investors employed a risk-off approach to investment in a session that saw the benchmark index push up by 0.16 per cent, with banking stocks driving the climb. FBN Holdings , Zenith and GTCO set the advance in motion, […]
Sustained Sell Pressure Trims Stock Investors’ Wealth by N34bn By Dipo Olowookere The wealth of stock investors in Nigeria was trimmed by N34 billion on Thursday after the Nigerian Exchange (NGX) Limited further depreciated by 0.15 per cent. Sustained sell pressure extended the stay of the bears on Customs Street by another trading session as […]
Bearish sentiments dominated the local bourse last week, as the market recorded losses on four of the five trading sessions following profit-taking activities. Accordingly, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) declined 53.74 points or 0.12 per cent week-on-week (W-o-W) to 43,199.27 basis points, just as investments of equities investors reduced by […]
Floor of the Nigerian Stock Exchange Nigerian stocks hit a new milestone on Monday as a tense investor scramble for the shares of the country’s biggest telecommunications companies – MTN Nigeria (MTNN) and Airtel Africa – catapulted the benchmark index by 2.93 per cent to 43,246.87 points equivalent to a market capitalisation, the peak level […]
Global Spectrum Energy Services Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue declined by -28% to N1.3bn from N1.8bn in the previous quarter. Profit before tax declined by 33% to N154m. Profit after tax declined by 32% to N128m. Net Assets grew by 2.6% from N4.9bn […]
The National Drug Law Enforcement Agency (NDLEA) has seized consignments of London-bound cocaine, heroin and methamphetamine and Indian hemp at the Murtala Muhammed International Airport, Lagos. NDLEA’s Director, Media and Advocacy, Mr Femi Babafemi, disclosed this in a statement issued on Sunday in Abuja. Twenty parcels of cocaine was seized during outward routine clearance of […]
The Pension Transitional Arrangement Directorate has said it paid a total of N694.9m to 418 pensioners between May 5 and August 13 through its Parastatals Pension Department. A director at PTAD, Yusuf Umar, disclosed this in Abuja at a workshop for pension correspondents on Friday. “The beneficiaries of the N694.9m pension payment cut across the […]
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