Dangote Sugar Refinery Plc has declared a final dividend of N1.10 kobo per 50 kobo ordinary share for the financial period ended Monday, December 31, 2018. The dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 19th June 2019, and those who have completed the e-dividend registration […]
In Dangote Sugar Refinery (Dangsugar) released its full-year 2018 result wherein it reported weaker earnings (-45% to N22 billion), 5% deviation from our earnings estimate – mainly due to higher than the expected tax paid during the period. For clarity, effective taxes over the period printed at 36.5% (5-year average: 28% and ARM Estimate: 30%). […]
nigeria stock exchange ……..As investors trade shares worth N4.536bn Investors on Tuesday traded 376.947 million shares worth N4.536 billion in 4018 deals. This is against 1.724 billion shares cost N3.678 billion in exchanged hands the previous day in 3251 deals. Market capitalisation of listed equities declined by N169 billion to N11.353 trillion from N11.522 trillion […]
The Nigerian equities market extended its losses to the second trading session of the week and month of April on the back of sustained losses in high capitalised stocks. As a result, the All Share Index (ASI) shed 300.73 absolute points, representing a dip of 0.99 per cent to close at 30,226.77 points. Similarly, the […]
Dangote Sugar Refinery, a subsidiary of Dangote Group, has declared a profit before tax of $112 million (about N34.6 billion) for the financial year ended Dec. 31, 2018.A breakdown of the result released on the floor of the Nigerian Stock Exchange (NSE) on Wednesday indicated that the refinery earned a revenue of $492 million (about […]
…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 […]
Equities Market: No End in Sight as Investors Lose Another N170bn on Monday There seems to be no end in sight for the Nigerian Stock Exchange (NSE) market as investors lost another N170 billion on Monday after losing N547 billion last week. The market capitalisation drop from N11.124 trillion on Friday to N10.954 trillion on […]
Nigerian equities continued on the decline yesterday, losing N121 billion in the fifth consecutive negative session. With more than three losers for every gainer, the overall market situation indicated continuing selloffs across the sectors. Benchmark indices at the Nigerian Stock Exchange (NSE) showed a decline of 1.02 per cent, equivalent to net capital depreciation of […]
Feyisayo Popoola THE nation’s stock market opened the week on a bearish note as investors lost N170bn on Monday. The equities market, which lost N343bn on four trading sessions last week, saw its market capitalisation drop from N11.124tn on Friday to N10.954tn on Monday. The All Share Index shed 1.53 per cent to close at […]
28 Firms Lose As Stock Market Declines Further 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, […]
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