Regular Price Flour Mills of Nigeria Plc (FMN) through its affiliates sought to acquire circa 72percent equity stake in Honeywell Flour Mills Plc (HFMP). FMN and Honeywell Group have executed an SPA in this regard. Recently, Flour Mills of Nigeria Plc released its unaudited nine months (9M) financial results for the period ended December 31, […]
The dominance of the bulls continued unabated for the third consecutive session, yesterday, as almost all the blue chip stocks recorded price appreciation, resulting in a further rise in market capitalisation by N248 billion. At the close of transactions on the Nigerian Exchange Limited (NGX), the all-share index (ASI) rose by 460.38 basis points to […]
The nation’s equity market yesterday closed on positive note, appreciating by N318 billion or 1.28 per cent to N25.073 trillion from N24.755 trillion reported the previous day. The NGX All Share Index (ASI) also appreciated by 590.48 basis points to 46529.99 points from 45939.51 points traded the previous day. Investors during the day traded 328.997 […]
The pace at which corporate results for the 2021 financial year were released gained new intensity last week, and the performances of some companies were strongly remarkable attractive enough for investment. At this time of the earnings season when performance is varied and mixed across sectors, analysts advise that investors watch out for stocks with […]
At the end of January 2022, the Nigerian Exchange Limited (NGX) ended the month on a positive note amidst buy-interests and sell-pressures as the bulls dominated proceedings to suppress sell-pressures in the market. According to data from the Exchange, the ASI (All share Market Index) appreciated by 9.15% to close the month of January at […]
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 11 basis points. The NGX ASI closed at 47,279.92 points, to reflect a decline of 0.11% from the previous trading day and a Year-to-Date (YTD) return of 10.68%. Meanwhile, the market capitalization decreased by N26.88 billion. […]
At the end of today’s trading session, Presco Plc’s share price appreciated by 10.00% to close at N104.50 per share, taking the market capitalization from N95.00 billion to N104.50 billion. Presco Plc recorded a gain in share price which can be attributed to investors’ positive sentiment which triggered buy-interests in the shares of the company […]
The Nigerian Exchange Limited (NGX) All Share Index (ASI) decreased to 47,203.39 points from 47,279.92 points while the value of listed stocks dropped to N25.436trillion, from N25.477trillion. Nigeria’s stock market opened this new week on a negative note, driven majorly by declines in prices of Okomu Oil Palm Plc , NEM Insurance Plc, Pharma Deko, […]
NGX Group Kayode Tokede Investors’ profit-taking in MTN Nigeria, Zenith Bank Plc, 31 other stocks down the Nigerian Exchange Limited (NGX) by N98billion. The overall market capitalisation value yesterday lost N98 billion to close at N25.289 trillion from N25.387trillion it opened for trading. Consequently, the NGX All-Share Index declined by 180.5 basis points or 0.38 […]
Nigerian music stars Eedris Abdulkareem and Charly Boy [Instagram/AbdulkareemEedris] [Instagram/CharlyBoy] Nigerian veteran rapper Eedris Abdulkareem has slammed his colleague Charly Boy over the comments he made about his infamous clash with American rapper 50 Cent in 2004. Charly Boy had taken to his Instagram page where he wrote about the incident. The veteran singer recounted […]
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