Feyisayo Popoola NASCON Allied Industries (formerly National Salt Company), a member of the Dangote Group, has posted a profit of N4.4bn for the 2018 financial year, compared to N5.34bn in 2017.. The company, in a statement, said it made revenue of N25.8bn in 2018, down from N27.06bn in 2017. It added that each shareholder would, […]
Tag: XNSA
NASCON Allied Industries Plc’s shareholders to get dividends
Nascon salt Nascon Allied Industries Plc has announced to pay a final dividend of N1 per ordinary share of 50 kobo share for the financial period ended Monday, December 31, 2018. Subject to appropriate witholding tax, the diviend will be paid to shareholders whose names appear in the Register of Members as at close of […]
NASCON Posts N4.4bn PAT, To Pay 100k Dividend Per Share
The management of NASCON Allied Industries Plc, a member of the Dangote Group released its financials for the year ended December 31, 2018 with a profit after tax of N4.4 billion. The shareholders will however be paid a dividend payout of N100 per share for every 50 kobo share held. According to the company’s result, […]
Access Bank rallies on merger completion
Access Bank Plc was the most active stock and the third highest gainer yesterday at the Nigerian equities market as investors sought to lock in into the first tier commercial bank, which consummated its merger with Diamond Bank Plc on Tuesday. The Nigerian Stock Exchange (NSE) had on Wednesday placed full suspension on Diamond Bank, […]
Stock Indices Close 1.66% Lower Amid N150bn Loss
By Dipo Olowookere Transactions on the Nigerian Stock Exchange (NSE) closed 1.66 percent lower on Monday after investors embarked on profit taking. The loss took out the gains posted by the local bourse last Friday. The All-Share Index (ASI), which closed at 31,041.42 points last Friday, decreased yesterday by 509.73 points to finish at 30,531.69 […]
Stock Investors Begin Week With N36bn Loss
By Dipo Olowookere Trading resumed on the floor of the Nigerian Stock Exchange (NSE) on Monday on a negative note as a result of selloffs by investors. This led a loss of N36 billion in the market capitalisation, which closed at N11.576 trillion against N11.612 trillion it ended last Friday. Investors had hoped for the […]
Equities Market Rebounds On Bargain Hunting
Equities Market Lagos – After five consecutive trading days of bearish run, the Nigerian equities market rebounded yesterday when the two major indicators, the All Share Index and Market Capitalisation appreciated by 0.2 per cent each. In today’s trading session, the 5-day bearish run in the domestic equities market was The halt was as a […]
Nigerian Bourse Opens Week Negative, Down 0.31%
Lagos – Losses in market bellwethers – Dangote Cement (-0.6%), Zenith Bank (-2.5%) and Access Bank (-6.6%) – dragged the All Share Index down 0.31 per cent to 31,042.32 points, reverting its positive close at the previous trading session. As a result, investors lost N36.2 billion in value as market capitalisation fell to N11.6 trillion […]
NSE market capitalisation increases by N24 billion
The Nigerian Stock Exchange (NSE) market indicators reversed negative trend on Friday with a marginal growth of 0.21 per cent. Specifically, the All-Share Index which opened at 29,553.12 grew by 63.26 points or 0.21 points to close at 29,616.38 due to marginal gains by some blue chips. Also, the market capitalisation which opened at N11.100 […]
Cadbury Nigeria Plc on the losers chart despite blow out results
Gainers and Losers The Nigerian Stock Exchange ended the week on a slightly bearish note. The All Share Index opened at 31,142.72 basis points and closed at 31,139.95 basis points, down 0.01%. Year to date, the index is down 0.93%. 32 equities appreciated in price during the week, higher than 18 in the previous week. […]