Dangote Cement Plc has bought back 40.2 million shares for N9.77 billion during the first tranche of its share buyback programme. The company said in a statement that the first tranche of the share buyback programme commenced on December 30, 2020 and ended on December 31, 2020, on the open market of the Nigerian Stock […]
By Charles Abuede Dangote Cement, one of Nigeria’s most capitalised companies in the country’s stock exchange, said it had concluded the purchase of 40.2 million shares in the first tranche of its planned share buyback programme. The programme will see the African largest cement producer largely owned by Africa’s richest man, Aliko Dangote, repurchase more […]
Proshare Nigeria Pvt. Ltd. Dangote Cement Plc ("DCP" or the "Company") hereby announces the completion of the first tranche ("Tranche I") of its share buy-back programme (the "Share Buy-Back Programme") which was announced on 21 December, 2020. Relevant details of this Tranche I are set forth below: Proshare Nigeria Pvt. Ltd. Following the conclusion of […]
On Friday , 8 January 2021, the Central Bank of Nigeria (CBN) moved to cut over N600 billion in Cash Reserve Requirement (CRR), creating a chaotic scarcity of funds and shortage of foreign exchange in the economy. The latest CRR policy mandates banks to keep 27.5 percent of deposits with the CBN. Recently, the apex […]
Saturday, December 16, 2021 07:50 AM / Proshare Content Header Image Credit: EcoGraphics Proshare Nigeria Pvt. Ltd. Nigeria: Economic Dashboard @ 150121 Proshare Nigeria Pvt. Ltd. Editor’s Note Source: Proshare Research – January 16, 2021 According to the CBN, the top 10 non-oil exporters in Nigeria exported $57.74m goods in August 2020. The amount earned […]
Building of the Nigerian Stock Exchange (NSE). PHOTO: AYODELE ADENIRAN For four consecutive sessions, sustained bargain hunting in the shares of blue-chip stocks pushed the Nigerian Stock Exchange (NSE) market capitalisation up by N325 billion. At the close of trading yesterday, the All-Share Index (ASI) gained 622.09 absolute points, representing an increase of 1.54 per […]
By Taofik Salako, Deputy Group Business Editor The Nigerian Stock Exchange (NSE) has removed 17 companies from its market-gauging indices to ensure that the indices fully reflect the market situation and the underlying fundamentals they represent. At the end of the annual full-year market index review, the NSE removed 17 companies from seven indices while […]
Goddy Egene The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 […]
Nigerian stocks gained N75.906 billion on Tuesday amidst increased investors’ interest in the shares of Dangote Cement, Ardova, NASCON, Dangote Sugar and May & Baker. The All Share Index (ASI) was up by 0.36 per cent and closed 40,295.95 basis points. Market capitalisation edged up to N21.070 trillion, according to Nigeria Stock Exchange data. Year […]
Dangote Cement Plc has announced the completion of the first tranche of its share buy-back programme, as the cement behemoth bought back shares of the company worth N9.77 billion. This announcement was made by the management of the company, in a recent statement issued and signed by the Deputy Company Secretary, Mr Edward Imoedemhe, today, […]
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