BY: CHARLES ABUEDE Equity market analysts are now openly expressing fears that consumer goods stocks such as Dangote Sugar, Flour Mills Nigeria, Nestle Nigeria and Unilever Nigeria, as well as industrial-focused stocks involved in cement production with a heavy gas composition in their energy mix, may emerge as losers from the faceoff in Eastern Europe […]
Tag: XNSA_FLOURMILL
NIPC: Eight new companies to enjoy three-year tax holiday — total now 35
The Nigerian Investment Promotion Commission (NIPC) approved the pioneer status incentive (PSI) applications of eight companies in the third quarter of 2021. The commission said this in its PSI report published on Friday. Industries that qualify for the PSI are exempted from paying company income tax for an initial period of three years with the […]
Equity market dips further by N7bn
Trading activities on the floor of Nigerian Exchange (NGX) Thursday sustained declining position as valued of equities close southwards, shedding N71 billion. Specifically, market capitalisation of listed equities declined further by N7 billion or 0.03 per cent to N22.043 trillion from N22.050 trillion reported the previous day. The NGX All Share Index also depreciated by […]
NGX sustains bearish trend as MRS, others drag indices further by N71b
[FILES] Nigerian Exchange Group (NGX). Photo/facebook/ngxgroup Trading activities on the floor of the Nigerian Exchange (NGX) sustained a sliding profile yesterday due to losses in the shares of many blue-chip firms, especially MRS and Chams, causing market capitalisation to depreciate further by N71 billion. Specifically, market capitalisation of listed equities declined by 0.31 per cent […]
Ecobank cautions FMN against Honeywell Flour acquisition
Ecobank Nigeria has warned Flour Mills Nigeria, FMN, Plc not to proceed with its planned acquisition of 71.69 per cent of Honeywell Group Limited shareholding in the Honeywell Flour Mills Limited, HFML, saying the company is indebted to its and facing winding-up proceedings. The warning was contained in a letter through Ecobank’s counsel, Kunle Ogunba […]
Flour Mills Nigeria gain N28 billion on NSE in 10 trading days
Shares of Flour Mills Nigeria Plc, Nigeria’s leading food business company, have gained N28 billion on the Nigeria Stock Exchange, in just 10 trading days this year. After a preview of the performance of the shares of Flour Mills, Nairametrics discovered its shares increased by 26.15% within the review period. The increase witnessed in the […]
Equity Market Gains N214bn On Blue Chip Firms
Nigerian Stock Exchange Equity Market Gains N214bn On Blue Chip Firms Equity trading on the floor of the Nigerian Stock Exchange on Wednesday closed on the positive note with a gain of N214bn as the bulls sustained grip on trading activities. The market performance indices, the NSE ASI appreciated by 1.03 per cent with market […]
Flour Mills’ outgoing GMD acquires additional shares weeks after announcing retirement
The outgoing GMD of Flour Mills of Nigeria Plc, Paul Miyonmide Gbedebo, has acquired 15,000 additional shares of the company at a price of N24.7 per unit. This is according to a notification of insider dealing issued today, 23 December 2020 by the Company’s Secretary, Mr. Joseph Umolu, and seen by Nairametrics. The acquisition of […]
Nigeria’s Bourse Resumes Trading in June With 0.19 Per Cent Growth
The nation’s bourse resumed trading in June on a positive note, with the All-Share Index appreciating by 0.19 per cent. Specifically, the index rose by 48.33 points or 0.19 per cent to close at 25,316.15 compared with 25,267.82 posted on Friday. Also, the market capitalisation which opened the month at N13.168 trillion inched higher by […]
Flour Mills of Nigeria announces issuance of N1.7bn commercial paper
Paul Flour Mills One of Nigeria’s leading food and agro-allied groups, Flour Mills of Nigeria Plc , has announced the issuance of the sum of N1.7 billion (series 6). The new issuance will be deployed under Flour Mills’ N100 billion Commercial Paper Programme which is registered with the FMDQ OTC Plc (FMDQ) and completed on […]
