FBN Holdings Darasimi Adebisi Transactions in the shares of FBN Holdings (FBNH) topped the activity chart with 73.062 million shares valued at N906.755 million on the Nigerian Exchange Limited (NGX) yesterday. Followed was Guaranty Trust Holding Company with 25.039 million shares worth N715.263 million, while Universal Insurance traded 22.771 million shares valued at N4.919 million. […]
LivingTrust Mortgage Bank Plc has applied for regulatory approval to raise N2.75 billion new equity capital from its shareholders as the mortgage fir seeks to build up its balance sheet for aggressive growth. LivingTrust Mortgage Bank plans to float a rights issue of five billion ordinary shares of 50 kobo each at 55 kobo per […]
Chellarams Plc released its 2021 Audited results for the period ended March 31st, 2021. Key Highlights Revenue declined by 29% to N4.8bn from N6.8bn in the previous quarter. Loss before tax stood at N3.6bn. Loss after tax stood at N3.8bn. Net Assets also stood at -N7bn. Share Price Currently Stands at N2:78k Proshare Nigeria Pvt. […]
By Dipo Olowookere Nigeria’s main stock market was down by 0.68 per cent on Friday, thanks to the profit-taking in shares of MTN Nigeria, UPDC and 13 others. The equity price of UPDC went down by 9.47 per cent to N1.53, Livestock Feeds dropped 8.68 per cent to N2.00, Prestige Assurance fell by 8.51 per […]
Authorities at the Nigerian Exchange (NGX) Limited have lifted suspension on trading in shares of Chellarams Plc after the conglomerate complied with extant corporate governance rules by submitting its financial statements. Chellarams, which is listed on the growth board of the NGX, was suspended in September 2021 after it failed to meet the required corporate […]
Beta Glass Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue grew by 341% to N25.6bn from N5.8bn in the previous quarter. Profit before tax grew by 662% to N6.1bn. Profit after tax grew by 662% to N4.2bn. Net Assets grew by 9.8% from N37bn to N41bn. […]
Managing Director of Julius Berger, Lars Richter November 17, (THEWILL) – Leading, dependable and innovative engineering construction company, Julius Berger Nigeria Plc, has won for the 6th consecutive time its top rating as Nigeria’s Most Valuable Brand in the Building and Construction Services Category at the ‘Top 50 Brands Nigeria’ awards. The construction experts, last […]
Proshare Nigeria Pvt. Ltd. Dangote Cement Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue grew by 34% to N1tn from N761bn in the previous quarter. Profit before tax grew by 49% to N405bn. Profit after tax grew by 33% to N278bn. Net Assets grew by 1.6% […]
Tanga Cement factory. The company has asked shareholders to remain cautious. PHOTO | FILE The German multinational building materials company, which already owns majority shares in Tanzania Portland Cement Company , signed an agreement through its subsidiary Scancem International DA to acquire 68.33 percent of Tanga Cement shares for an estimated Tsh137.33 billion ($59.61 million) […]
Nigeria: Dangote Cement increased its consolidated sales by 34% year-on-year to US$2.48bn in the first nine months of 2021 from US$1.84bn in the first nine months of 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 45% to US$1.25bn from US$860m. Group cement volumes were 22.2Mt, up by 15% from 19.2Mt. Nigerian […]
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