Eighteen stocks, including six financial institutions-Unity Bank Plc, Fidelity Bank, First City Monument Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Plc and Wema Bank Plc dominated losers’ chart at yesterday’s trading on the Nigerian Stock Exchange (NSE). Other equities on the losers’ chart were Transcorp Plc, Cadbury Plc, May and Baker Plc, […]
Aliko Dangote, president and chief executive officer of Dangote Group, listens during a Bloomberg Television interview on the sidelines of the Bloomberg New Economy Forum in Singapore, on Tuesday, Nov. 6, 2018. The New Economy Forum, organized by Bloomberg Media Group, a division of Bloomberg LP, aims to bring together leaders from public and private […]
Activities on the nation’s bourse, on Wednesday sustained positive trend for the third consecutive day, with Nestle Nigeria leading the gainers’ chart. The News Agency of Nigeria (NAN) reports that Nestle garnered N40 to close at N1, 460 per share. Guaranty Trust Bank followed with a gain of 60k to close at N34.70, while Flour […]
Nigeria’s headline inflation is expected to slide to 11.35% in January from 11.44% in the preceding month. This is likely to be a reflection of a fall in disposable income in January, leading to a decline in aggregate demand for consumer goods. The pattern of slow demand early in the year is seasonal and is […]
Olusegun Olusanya Dangote Cement Plc’s Board of Directors has announced the resignation of Olusegun Olusanya as an Independent Non-Executive Director. In a statement signed by the company’s Secretary, Mahmud Kazaure, the Board made known that Olusegun voluntarily resigned from the company . Olusegun Olusanya’s illustrous profile Olusegun was appointed to the Board in 2010. He […]
Aliko Dangote Africa News Alhaji Aliko Dangote still maintains his spot as Africa’s richest man according to Forbes Magazine. The magazine disclosed that as at January 11, 2019, the 61-year-old was worth $9.9 billion. Forbes listed him as the number one on Africa’s list of billionaires for the year 2019. The Kano State indigene has […]
NSE Daily Market Summary The Nigerian Stock Exchange fell to its worst performance year to date as the All Share Index closed at 32,292.79 basis points, down 3.46% and below the 33,000 mark. Today’s close was the highest daily loss in the last two years. Year to date, the index is down 15.56%. The drop […]
Nigeria Stock Exchange Key equities on the Nigerian Stock Exchange (NSE) on Wednesday sustained days of loses with Dangote Cement dropping N13 to close at N210 per share. Nestle followed with N6 to close at N1,479 while Stanbic and Nigerian Breweries dropped N4 each to close at N41 and N84 per share respectively. Also, CCNN […]
Feyisayo Popoola The nation’s equities market recorded its highest daily loss in eight months at the close of trading on the floor of the Nigerian Stock Exchange on Wednesday. Sell-offs drove the NSE All Share Index lower by a record 3.5 per cent to close at 32,292.79 basis points. The market capitalisation of listed equities […]
Amidst the ravaging bears that has pushed the equities market to a 15-month low on Monday, analysts at Afrinvest West Africa have unveiled some stocks that have upside potential to fetch investors significant capital growth. The stocks are in the banking, consumer goods and industrial goods sectors. In the banking sector, for instance, the said […]
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