By Dipo Olowookere It was a disappointing year for one of the leading conglomerates in the country, UAC of Nigeria Plc, going by its financial statements for the year ended December 31, 2018. The numbers churned out by the company at the weekend showed that things went south during the year. For instance, the revenue […]
UAC of Nigeria Plc has announced to pay a final dividend of 64 kobo per 50k ordinary share for the period ended Monday, December 31, 2018. The dividend payment is subject to appropriate withholding tax and would be paid electronically to shareholders whose names appear on the Register of Members as of Monday 20th May […]
By Dipo Olowookere In order to improve their performances, the managements of Flour Mills of Nigeria Plc and UACN Property Development Company Plc have sold commercial papers worth N20.5 billion to investors. Flour Mills issued N5.18 billion Series 5 and N1.74 billion Series 6 commercial papers under a N100 billion CP Issuance Programme, while UACN […]
UACN Plc UACN of Nigeria Plc’s FY 2018 Revenue declined 12% y/y to N78.7bn on the back of lower revenue from its Food (-24% y/y accounting for 54% of group revenue) and Real Estate (-43% y/y accounting for 3% of group revenue) segments of its businesses. The reported revenue was, however, above our 2018 estimate […]
Nigerian Stock Exchange (NSE) 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 […]
Turnover on the floor of FMDQ OTC Securities Exchange, where short to medium term yielding investment activities are transacted, stood at N34.27 trillion as at end of February, 2019. The figure represented about 19 per cent of total turnover reported in 12 months in 2018. A sustained performance of the first two months would translate […]
The Nigeria Stock Exchange in Lagos Business activities on the floor of the Nigeria stock market fell further on Tuesday as investors lost N4.8bn, Concise News reports. This online news medium understands that the market slumped from N10.954tn on Monday to N10.948tn on Tuesday with the year-to-date loss standing at -7.3 per cent. Also, the […]
…draws closer to two-year low Feyisayo Popoola The nation’s stock market declined further on Tuesday as bearish sentiments persisted, making investors lose N4.8bn. The market capitalisation of equities listed on the Nigerian Stock Exchange dropped from N10.954tn on Monday to N10.948tn on Tuesday while the year-to-date loss stood at -7.3 per cent. On Tuesday, the […]
Tuesday, April 9, 2019 05:20 PM / Proshare MARKETS Equities market closed today on a negative note, as NSEASI depreciated by 0.01% to close at 29,158.57points as against 1.53% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -7.23%. Market breadth closed positive as GUARANTY led 12 Gainers as against 15 Losers topped by […]
Market Last Week (Our Observation) The downtrend in the local bourse persisted last week, as sustained sell-offs on market bellwethers weighed on overall performance. Consequently, the NSE All-Share index closed in the red on 4 of the 5 trading sessions in the week, falling 4.6% W-o-W to settle at 29,616.38 points crossing the psychological mark. […]
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