The domestic equities market opened for the week on Monday on a positive note with the All-Share Index appreciating by 1.73 per cent, amid buying interest in Dangote Cement and 25 other stocks. Specifically, the index which opened at 34,250.74 rose by 592.70 points or 1.73 per cent to close at 34,843.44. Accordingly, month-to-date loss […]
Goddy Egene The bulls came back strong yesterday to open the stock market on a positive note after depreciating last week. Last week, the bull run was halted following sustained profit taking. However, yesterday, the market appreciated lifting the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by 1.73 per cent to close at 34,843.44. In […]
The management of NASCON Allied Industries (formerly National Salt Company), a member of the Dangote Group released its financials for the year ended December 31, 2018 as it rewarded its shareholders. The company proposed a final dividend of N1 per ordinary share of 50 kobo subject to the appropriate tax withholding and approval. The dividends’ […]
NASCON P Business/MONEY It was not business as usual for salt makers, NASCON Allied Industries Plc, during the financial year ended December 31, 2018, as revenue and profit slumped rather than surpass the records of the preceding financial year. But despite the shortfall in earnings, the company has decided to stick to its tradition of […]
Feyisayo Popoola NASCON Allied Industries (formerly National Salt Company), a member of the Dangote Group, has posted a profit of N4.4bn for the 2018 financial year, compared to N5.34bn in 2017.. The company, in a statement, said it made revenue of N25.8bn in 2018, down from N27.06bn in 2017. It added that each shareholder would, […]
Nascon salt Nascon Allied Industries Plc has announced to pay a final dividend of N1 per ordinary share of 50 kobo share for the financial period ended Monday, December 31, 2018. Subject to appropriate witholding tax, the diviend will be paid to shareholders whose names appear in the Register of Members as at close of […]
The management of NASCON Allied Industries Plc, a member of the Dangote Group released its financials for the year ended December 31, 2018 with a profit after tax of N4.4 billion. The shareholders will however be paid a dividend payout of N100 per share for every 50 kobo share held. According to the company’s result, […]
Following price losses incurred by most highly capitalised stocks, transactions on the equities sector of the Nigerian Stock Exchange (NSE) reopened on a negative note, as market capitalisation plunged by N36 billion. Reversing the positive trend at the previous trading session, the All-Share Index (ASI) shed 97.03 absolute points yesterday, representing a dip of 0.31 […]
The Nigeria Stock Exchange in Lagos Business activities on the floor of the Nigeria stock market fell further on Tuesday as investors lost N4.8bn, Concise News reports. This online news medium understands that the market slumped from N10.954tn on Monday to N10.948tn on Tuesday with the year-to-date loss standing at -7.3 per cent. Also, the […]
…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 […]
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