Dangote Cement Plc, Nestle Nigeria Plc and eight other listed companies have accounted for 71 per cent of the total Nigerian equities market capitalisation. The others are Guaranty Trust Bank (GTB), Zenith Bank, Nigerian Breweries, Stanbic IBTC, Cement Company of Northern Nigerian (CCNN), Ecobank Transnational Inc. (ETI), Unilever Nigeria, and International Breweries. Market capitalisation also […]
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 […]
Lagos – The local bourse regained losses from earlier trading sessions to close slightly bearish, as sell-offs in market bellwethers outpaced last-minute bargain hunting activities. A total turnover of 1.198 billion shares worth N12.273 billion in 18,293 deals were traded last week by investors on the floor of the Exchange in contrast to a total […]
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 […]
Nigerian Breweries Yesterday, Nigerian Breweries (NB) was taken down its cachet by the Nigerian Stock Exchange (NSE). They were degraded from their previous status of high-priced stock to medium-priced stock. According to the NSE, Nigeria Breweries’ stock price dropped below the N100 paradigm on August 31, 2018 and traded below N100 up till close of […]
Guinness Nigeria (GUINNESS) has released FY18 results showing a 14% increase in net sales and EPS growth of 140% y/y, following additional shares post the rights issue concluded in September. Revenue came in directly in line with SBGS and consensus estimates while EPS was behind SBGS and consensus estimates by 8% and 11% respectively. The […]
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 34,663.48 achieved on Monday. Similarly, the market […]
Samuel Awoyinfa and Anna Okon President Muhammadu Buhari has assured foreign investors interested in doing business in Nigeria that his administration will continue to provide secured environment to ensure the success of their businesses. He said this on Tuesday at the inauguration of the International Breweries Plc, the largest plant in West Africa, located in […]
This is to inform the Nigerian Stock Exchange, Shareholders of Morison Industries Plc and the general public that the following Directors resigned from the Board of Morison Industries Plc, with effect from 17th July, 2018; 1. Senator Muhammed A. Muhammed (OFR) 2. Professor Dew Tuan Wleh Mayson 3. Mr. Godwin O. Oteri 4. Mr. Tayo […]
Nigerian Stock Exchange Market Capitalisation Drops By N458bn In 19days 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 […]
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