Kogi State Internal Revenue Service (KIRS) on Monday reacted to the allegation that it diverted N3billion “paid as tax” by the Dangote Group It said the figure being claimed as purported tax proceeds from Dangote Cement and its subsidiaries operating in the state was spurious and unfounded. Mrs Hassana Salahu, the Director of Administration and […]
Lafarge Africa Lafarge Africa Plc will hold an Extra Ordinary General Meeting (EGM) on Tuesday, September 25, 2018. Among the agenda to be discussed are: Approval of the appointment of Mr. Rossen Papazov as a Non-Executive Director. Approval of Rights Issue and Debt-to-Equity Conversion. That the Company be and is hereby authorised to enter into […]
Equity transactions resumed on the Nigerian Stock Exchange on Monday on a negative note with market indices dropping marginally by 0.32 per cent. The News Agency of Nigeria reports that the market capitalisation shed N42 billion or 0.32 per cent to close at N12.891 trillion against N12.933 trillion posted on Friday. Also, the All-Share Index, […]
Feyisayo Popoola The Nigerian Stock Exchange recorded a decline of N66.24bn in foreign portfolio transactions last month amid political uncertainties and rise in interest rates in the United States. The July 2018 Domestic and Foreign Portfolio Participation in Equity Trading report, which was released on Monday, showed that total transactions at the nation’s bourse reduced […]
By Dipo Olowookere The local stock market started the week on the wrong foot on Monday as political uncertainties continued to weigh in on the market. Yesterday, the Nigerian blogosphere was dominated by a report by Financial Times claiming President Donald Trump of the United States of America (USA) allegedly told his aides that he […]
Most transactions at the Nigerian equities market closed yesterday at higher prices but losses recorded by large-cap stocks overshadowed the overall market position. Benchmark indices at the Nigerian Stock Exchange (NSE) indicated average decline of 0.32 per cent, representing a net capital depreciation of N42 billion. With 26 gainers to 14 losers, most sectoral indices […]
Foreign Transactions In The Stock Market Drop By N66.24bn The Nigerian Stock Exchange recorded a decline of N66.24bn in foreign portfolio transactions last month amid political uncertainties and rise in interest rates in the United States. The July 2018 Domestic and Foreign Portfolio Participation in Equity Trading report, which was released on Monday, showed that […]
Feyisayo Popoola The market capitalisation of equities listed on the Nigerian Stock Exchange declined by N458bn within 19 days of trading. The market capitalisation dropped from N13.391tn on August 2, 2018 to N12.933tn on August 24. It appreciated by 0.45 per cent last week. The NSE All-Share Index also increased by 0.45 per cent to […]
The Deputy Minister for Industry, Trade and Investment, Ms Stella Manyanya. Dar es Salaam. Cement prices have started to decrease after a sharp rise two weeks ago that prompted government intervention. The Deputy Minister for Industry, Trade and Investment, Ms Stella Manyanya, met producers on August 15 and gave them a one-week ultimatum to increase […]
Trading floor of the Nigeria Stock Exchange The Nigerian equities market started the week on a bearish note following losses by bellwether stocks such as Dangote Cement Plc, Nigerian Breweries Plc, GTBankPlc, FBN Holdings Plc. The benchmark index, the Nigerian Stock Exchange (NSE) All-Share Index declined by 0.06 per cent to close at 36,479.42, while […]
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