Dangote Cement Plc shares gained N605 billion in just a week amid positive sentiment on the floor of the Nigerian Stock Exchange, following the news of the company’s share buyback plans. This was uncovered by Nairametrics, after tracking the performance of the shares of Dangote Cement Plc on the floor of the Nigerian Stock Exchange, […]
Dangote Cement Plc , owned by Africa’s richest man, Aliko Dangote, plans a buyback of the company’s shares next week to boost shareholder value. The company will repurchase as much as 10% of the issued capital starting with a first tranche of 85.2 million shares of 50 kobo each, or 0.5% of the total in […]
WorldStage Newsonline– Eterna Plc, a Nigerian firm which manufactures and sells a range of lubricants and petroleum products as well as supplies imported fuels for the retail, industrial, agricultural has informed the Nigerian Stock Exchange and the investing public that some of its substantial shareholders had formally informed the Board that they were in negotiations […]
Large Shareholders Planning to Sell their Holdings in Eterna Plc Large investors in Eterna Plc are planning to divest from the company, according to the latest details from the board of the company. In a disclosure statement titled “Disclosure on Prospective Shareholder Divestment”, the management said it has approved the requests of some substantial shareholders […]
Nigerian Stocks witnesses a positive run as equities market capitalization value appreciated by N333.80 billion to commence trading for the week. The All-Share Index (ASI) increased by 1.74% to close at 37,443.40 points. Similarly, the overall market capitalization size gained N333.80 billion to close at N19.57 trillion. Today’s market upturn was impacted by gains recorded […]
The Nairobi Business Ventures #ticker:NBV (NBV) share is the biggest gainer this year at the Nairobi Securities Exchange #ticker:NSE, boosted by a big rally earlier this month following the Sh83 million takeover of the firm by Dubai-based Delta International FZE. Media, manufacturing and banking stocks on the other hand have been the worst hit by […]
Sterling Bank Plc has projected a rise in its Profit After Tax (PAT) to N2.09 billion for the first quarter of 2021 ( Q1 2021 ), indicating a marginal increase of 7.1%, from the figure recorded in Q3 2020. This is according to the latest earnings forecast of the firm, sent to the Nigerian Stock […]
Unity Bank Nigeria Plc has projected a decline in its Profit After Tax (PAT) to N312 million for the first quarter of 2021 (Q1 2021), indicating a decline of 42.6% from the figure recorded in Q3, 2020 . This is according to the latest earnings forecast of the firm, sent to the Nigerian Stock Exchange […]
The Board of Directors of May and Baker Nigeria Plc has announced the appointment of Mr. Patrick Ajah, as the Managing Director of the company, with effect from 1st January 2021. This disclosure was made in a notification issued and signed by the Company’s Secretary, Mrs. Adetoun Abiru. According to the notification, Mr. Ajah would […]
The Board of Directors of PZ Cussons Nigeria Plc has announced the appointment of Mr Gbenga Oyebode as Non-Executive Director and Chairman of the Board, effective from 11th December 2020. The Board also announced the retirement of Alhaji Lawal Tukur Batagarawa as a Non-Executive Director on the Board of PZ Cussons Nigeria Plc, effective 11th […]
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