No doubt, barely one month after, the market has not proven us wrong as year-to-date (YtD) positive return stayed at +10.18percent At the beginning of the year, we showcased Nigerian stocks investors should buy in this year 2022 as a guide to those seeking both capital appreciation and long term returns in form of dividend […]
The Nigerian Exchange Limited (NGX) All Share Index (ASI) decreased to 47,203.39 points from 47,279.92 points while the value of listed stocks dropped to N25.436trillion, from N25.477trillion. Nigeria’s stock market opened this new week on a negative note, driven majorly by declines in prices of Okomu Oil Palm Plc , NEM Insurance Plc, Pharma Deko, […]
The Okomu Oil Palm Company Plc seems set to file one of its most impressive earning reports in many years from the 2021 operations. Despite a likely slowdown in the final quarter due to off season effect, the company is sure to be counted among the most outstanding corporates on profit advances in the just […]
INVESTORS seeking competitive and stable returns should consider a portfolio of value stocks in financial services, oil and gas, manufacturing, telecommunications and agriculture. In its latest “Top Picks”, FSDH Capital, an investment banking group, selected 10 stocks that provide reasonable assurance of returns as the full-year earnings cycle draws near. The model portfolio by analysts […]
The Nigerian Stock Exchange (NSE) has made its annual full year review of the market indices which includes: the NSE 30, NSE Lotus Islamic, NSE Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index and the five sectoral indices comprising the NSE Banking, NSE Insurance, NSE […]
The Board of Directors of PZ Cussons Nigeria Plc has announced the appointment of Mr Gbenga Oyebode as Non-Executive Director and Chairman of the Board, effective from 11th December 2020. The Board also announced the retirement of Alhaji Lawal Tukur Batagarawa as a Non-Executive Director on the Board of PZ Cussons Nigeria Plc, effective 11th […]
By Dipo Olowookere The annual profit of Okomu Oil Palm Company Plc depreciated by 8.72 percent in 2018 financial year, the financial statements of the Edo State-based firm have revealed. The profit after tax, which was N9.3 billion in 2017, dropped to N8.5 billion in 2018, while the profit before tax declined to N10.3 billion […]
Corporate Actions Corporate actions are decisions taken by companies’ boards of directors or management teams, that could have impacts on the firms themselves or shareholders. Examples of corporate actions include the release of quarterly and full year results, payment of dividends, closing of shareholders’ registers, announcing qualification dates and Annual General Meeting (AGM) dates. Corporate […]
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 […]
• Investors enjoined to trade cautiously in near term Following price gains recorded by major highly capitalised stocks, especially Dangote Cement, and Guaranty Trust Bank (GTB), transactions on the equity sector of the Nigerian Stock Exchange (NSE), reopened in an upbeat after the two days holiday to mark the Eid-el Kabir celebration yesterday.Market capitalisation rose […]
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