Nigeria Stock Exchange, Lagos •Analysts optimistic on market rebound Renewed sell pressure on the trading floor of the Nigerian Stock Exchange (NSE), yesterday, reversed four-days bullish run, causing the All-share index to dip by 1.09 per cent. Yesterday, investors embarked on massive profit taking to recoup their investment, following the few days of capital appreciation […]
Nigerian Breweries Plc on Monday reported 22 per cent decline in Profit After Tax for the half year ended June 30, 2018. The company during the period posted a profit after tax of N18 billion compared to N24 billion recorded in the corresponding period of 2017. Profit before tax dropped by 19 per cent from […]
The recent sourcing of N50 billion through Commercial Paper (CP) issuance by Dangote Cement Plc has ignited fresh interest among companies to focus attention on that segment of the market, THISDAY checks have revealed. CPs are unsecured promissory notes with a fixed maturity of about nine months issued by companies to raise money to meet […]
The board of UAC Foods Limited has appointed Dr Oladele Ajayi as the Managing Director of the company. UAC Foods Limited is a joint venture company between UAC of Nigeria (UACN) and Tiger Brands Limited of South Africa. Ajayi holds a PhD in Mechanical & Process Engineering from the University of Strathclyde, United Kingdom and […]
Nigerian Stock Exchange Building The market capitalisation of the Nigerian Stock Exchange (NSE) on Monday shed N219 billion, ahead of Eid-El-Kabir. The loss by the market capitalisation was as a result of huge losses suffered by major highly capitalised equities. Looking for One and Only? Ad Spend Your Summer With Charming Women UkrainianCharm Try now […]
…..retains leadership position in transaction delivery Lagos, Nigeria – August , 2018 – FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc recently acted as Lead Financial Adviser & Issuing House on the Listing by Introduction of the entire issued and paid-up ordinary shares of Notore Chemical Industries Plc on […]
The equities market plunged further yesterday as profit taking in bellwether stocks depressed the Nigerian Stock Exchange (NSE) All-Share Index (ASI) below 35,000 mark at 34,663.48. Similarly, market capitalisation shed N220.5 billion to close lower at N12.638 trillion. A total of 22 stocks shed weight compared with only 11 other stocks. The banking counters recorded […]
By Dipo Olowookere The Nigerian Stock Exchange (NSE) recorded a 1.71 percent loss on Monday after the market achieved an increase of 1.87 percent last Friday. It was observed that the decline posted by the equities market yesterday was mainly influenced by continued selloffs by investors. While the All Share Index (ASI) depreciated by 602.81 […]
FILE PHOTO: The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. Picture taken November 9, 2016. REUTERS/Afolabi Sotunde/File Photo The market capitalisation of the Nigerian Stock Exchange (NSE) on Monday shed N219 billion, ahead of Eid-El-Kabir. The loss by the market capitalisation was as a result of huge losses […]
Nigerian Stock Exchange Ahead of the Eid-El-Kabir celebration, transactions on the equity sector of the Nigerian Stock Exchange (NSE), closed on a downward note yesterday, following price losses suffered by virtually all the blue-chip stocks, as market capitalisation dipped by N220billion. In line with the Federal Government’s declaration of a two-day public holiday to mark […]
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