Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org] Transactions reopened on the Nigerian Stock Exchange (NSE) on Thursday after the two-day public holiday to mark Eid-El-Kabir celebration with a growth of 1.57 per cent. Specifically, the All-Share Index which opened at 34,663.48 rose by 542.68 points or 1.57 per cent to close at 35,206.16 compared with […]
Nigeria Stock Exchange, Lagos •Analysts optimistic on market rebound Renewed sell pressure on the trading floor of the Nigerian Stock Exchange (NSE), yesterday, reversed four-days bullish run, causing the All-share index to dip by 1.09 per cent. Yesterday, investors embarked on massive profit taking to recoup their investment, following the few days of capital appreciation […]
Nigeria’s Dangote Cement and Tanzania Petroleum Development Corporation (TPDC) yesterday signed a 20-year deal that will see the cement maker produce electricity for the production of cement at Dangote’s Mtwara plant using natural gas, a Tanzanian newspaper reported. “The plant will convert to gas over the next 2 months at a cost of 2 billion […]
The recent sourcing of N50 billion through Commercial Paper (CP) issuance by Dangote Cement Plc has ignited fresh interest among companies to focus attention on that segment of the market, THISDAY checks have revealed. CPs are unsecured promissory notes with a fixed maturity of about nine months issued by companies to raise money to meet […]
Tanzania: The Petroleum Development Corporation (PDC) and Dangote Industries Tanzania have signed a 20-year deal to supply gas to Dangote Cement’s plant at Mtwara. The cement plant will produce up to 35MW of electricity from natural gas and this will later increase to 45MW, according to the Daily News newspaper. The energy supply will allow […]
Dar es Salaam — Dangote Cement Factory disclosed yesterday that it has doubled its production in response to a countrywide shortage, which has seen prices of the vital construction raw material rise to new levels. During the past few weeks, major cement producers reduced production in what was alleged to be a result of putting […]
It’s been a tough week for ARM Cement with the announcement that PricewaterhouseCoopers placed the company into administration on 18 August 2018. Given the performance of the company of late, this is not a surprise. It reported a growing net loss of US$55m in 2017 due to poor demand in Kenya and Tanzania. First, the […]
The equities market plunged further yesterday as profit taking in bellwether stocks depressed the Nigerian Stock Exchange (NSE) All-Share Index (ASI) below 35,000 mark at 34,663.48. Similarly, market capitalisation shed N220.5 billion to close lower at N12.638 trillion. A total of 22 stocks shed weight compared with only 11 other stocks. The banking counters recorded […]
By Dipo Olowookere The Nigerian Stock Exchange (NSE) recorded a 1.71 percent loss on Monday after the market achieved an increase of 1.87 percent last Friday. It was observed that the decline posted by the equities market yesterday was mainly influenced by continued selloffs by investors. While the All Share Index (ASI) depreciated by 602.81 […]
Dar es Salaam . Dangote Cement Factory disclosed yesterday that it has doubled its production in response to a countrywide shortage, which has seen prices of the vital construction raw material rise to new levels. During the past few weeks, major cement producers reduced production in what was alleged to be a result of putting […]
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