[FILES] The reception area at the Nigerian Stock Exchange in Lagos, Nigeria. PHOTO: Ruth McDowell/ 2019 Bloomberg Finance As Onyema ends tenure as NSE’s CEO Following losses by most blue-chip stocks, the Nigerian Stock Exchange (NSE) sustained a sliding profile at the opening of the week yesterday, leading to a fall in market capitalisation by […]
Nigerian stocks were up by 0.07 per cent on Thursday, extending gains reported at the previous trading session in an advance led by Zenith, GTB and Access Bank , three of Nigeria’s five biggest banks by asset commonly known by the acronym, FUGAZ. That easily pushed the banking index to the forefront of performance of […]
Charles Abuede The domestic stock market extended the bullish sentiment on Thursday as the All-Share Index rose 0.07 per cent to settle at 38,799.83 points due to buying interest in Zenith Bank (+3.8%), GTBank (+2.7%) and Access Bank (+1.9%). Consequently, market year to date loss at -3.7 per cent was sustained and market capitalisation appreciated […]
Nigerian stocks saw a comeback from a four-day bear run on Wednesday after a spike of interest in the telco, MTN, and food companies, Nestle and Flour Mills, lifted the benchmark index by 0.02 per cent. But there are concerns as to how far the feeble growth could carry a market that has shed N769.976 […]
The total volume of trades declined by 6.19 per cent [Reuters/Akintunde Akinleye] Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close 38,766.61 compared with 38,916.74 achieved on Thursday. RECOMMENDED ARTICLES Also, the market capitalisation lost N78 billion to close at N20.283 trillion from N20.361 trillion achieved on Thursday. The market loss […]
Our Reporter Kogi State Government has restructured its sub-national bonds to extend the maturity date of the two bonds by three years. The government restructured its Kogi State N5 billion Series I 15 per cent Fixed Rate Bond and N3 billion Series II 17 per cent Fixed Rate Bond under the state’s N20 billion debt […]
UACN Property Development Company Plc is seeking the approval of its shareholders to enter into loan agreement with its majority shareholders, Custodian Investment Plc and UAC of Nigeria Plc to discharge its outstanding debt obligations. UPDC, which used to be a subsidiary of UAC of Nigeria Plc became a subsidiary of Custodian Investment Plc when […]
UAC of Nigeria Plc (UAC) has announced its audited results for the year ended December 31, 2020, showing a profit of N3.927 billion as against a loss of N9.256 billion in 2019. The top-line showed a revenue of N81.357 billion, up by three per cent to N79.202 billion in 2019. Profit before tax stood at […]
Board has approved the unbundling of UPDC REIT units, valued at N3.6 billion, to UAC shareholders Charles Abuede The United African Company of Nigeria Plc has reported an increase in its revenue to N81.4 billion by 2.7 per cent year on year in full-year 2020 from N79.2 billion in 2019 despite the COVID-19 related disruptions […]
The Nigerian shed N67.178 billion or 0.33 per cent Thursday, following investors’ efforts to recoup gain yielded by bank shares in a rout that worsened the current bear run in the market. The pressure to sell weighed more on GTB, Zenith and Stanbic IBTC than other stocks on the bourse, dragging the banking index down […]
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