Halima Aliko-Dangote (PHOTO CREDIT: Official Facebook Page_Dangote Industries) Dangote Cement has appointed Halima Aliko-Dangote, the daughter of the company’s owner and founder, Aliko Dangote, as a non-executive director. The company said the appointment took effect from February 26, 2022, according to its notice to the Nigerian Exchange Limited. Ms Aliko-Dangote will apparently be filling the […]
Tag: XNSA_NASCON
Nascon Allied Industries Plc announces resignation of Managing Director
Nascon Allied Industries Plc has informed the Exchange, shareholders and general public of the resignation of the company’s Managing Director and Chief Executive, Mr Paul Farrer which is to take effect from March 3rd 2022. This was disclosed in a notice signed by the company’s secretary, A. A. Samuel, and filed with the Nigerian Exchange […]
Mr. Paul Farrer Resigns as MD of NASCON Allied Industries Plc
This is to inform Nigerian Exchange Limited, shareholders of NASCON Allied Industries Plc and the investing public that the Managing Director of the Company, Mr Paul Farrer, has given notice of his resignation as the Managing Director and Chief Executive of NASCON Allied industries Plc with effect from 13 th March 2022. The Company will […]
NGX Rebounds As Indices Rise By N276bn
Nigerian Stock Exchange The Nigerian Exchange Limited (NGX) reopened in an upbeat yesterday, occasioned by gains in major highly capitalised (high cap) stocks, as market capitalisation appreciated by N276 billion. Specifically, the All-Share Index (ASI) rose by 528.15 points, representing a growth of 1.26 per cent to 42,411.12 points. Accordingly, investors gained N276 billion in […]
Investors lose N46 billion at stock market
NGX trading Sentiments in the domestic bourse turned negative on Thursday with a loss of N46 billion due to profit-taking activities in top cement player – Dangote Cement. Specifically, the market capitalisation shed N46 billion or 0.21 per cent to close at N22.056 trillion from N22.102 trillion posted on Wednesday. Also, the All-Share Index lost […]
Lafarge, Others Join Meristem Value Index as FBN, Honeywell Exit
By Dipo Olowookere Nigerian Exchange (NGX) Limited has rejigged its market indices, with some companies leaving and joining, according to a statement made available to Business Post . It was stated that the review became effective from Tuesday. January 4, 2022, and the affected indices are the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate […]
Nascon, Academy Press, Sterling Bank top stocks to watch this week
Last week, the valuation of stocks on the Nigerian Exchange rose by 1.16 per cent as more fund chased shares in affirmation of investors’ faith that the market could still deliver good yield beyond the earnings season. The market has returned 5.17 per cent year to date and there are possibilities that that will be […]
Stock Exchange reviews market indices
The Nigerian Exchange (NGX) Limited has reviewed its sectoral market indices in order to reflect current trends at the stock market. The half-year review led to the entry and exit of some companies from several indices effective July 1, 2021. The Exchange explained that the indices were developed to allow investors to follow market movements […]
Sustained bargain-hunting boosts capitalisation by N325b
Building of the Nigerian Stock Exchange (NSE). PHOTO: AYODELE ADENIRAN For four consecutive sessions, sustained bargain hunting in the shares of blue-chip stocks pushed the Nigerian Stock Exchange (NSE) market capitalisation up by N325 billion. At the close of trading yesterday, the All-Share Index (ASI) gained 622.09 absolute points, representing an increase of 1.54 per […]
Equities Market Rises Further as Bulls Consolidate Hold
Goddy Egene The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 […]