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 […]
Folakemi Fadahunsi and Chizoma Okoli are the new directors of the UACN Property Development Company (UPDC) and Access Bank Plc, respectively. Folakemi Fadahunsi and Chizoma Okoli are the new directors of multinational companies (canva) The companies made the announcement this week. Fadahunsi is the Chief Financial Officer (CFO) and Director of the real estate company. […]
UACN Plc Investors in UAC of Nigeria Plc may have to wait till sometime in May before the group’s full-year audited results will be released. The company’s financial year ends in December, and companies are expected to submit their statements at most 90 days after or on March 31st. A subsidiary of the conglomerate, UACN […]
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 […]
**As Aiyesimoju Resumes as CEO By Dipo Olowookere Mr Babatunde Kasali has been appointed as the new Chairman of UACN Property Development Company Plc. This followed the resignation of Mr Larry Ettah as Chairman of the board of directors of the property firm listed on the Nigerian Stock Exchange (NSE). Mr Ettah resigned from the […]
UACN Property Development Company (UPDC) Plc and C & I Leasing Plc have listed their newly issued corporate bonds valued at N11.36 billion on the Nigerian Stock Exchange (NSE). UPDC, a subsidiary of UAC of Nigeria (UACN) Plc, listed the N4.355 billion 16 per cent Series 1 Senior Guaranteed Fixed Rate Bond Due 2023 under […]
…..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 […]
stock exchange market complex, Lagos Investors in Nigeria’s stock market lost a total of N220bn on Monday due to the losses recorded by 22 companies listed on the Nigerian Stock Exchange (NSE). The Stock Exchange All-Share Index fell by 1.71 per cent to close at 34,663.48 basis points while the market capitalisation of listed equities […]
Feyisayo Popoola Investors in the nation’s stock market lost a total of N220bn on Monday due to the losses recorded by 22 firms listed on the Nigerian Stock Exchange. The NSE All-Share Index fell by 1.71 per cent to close at 34,663.48 basis points while the market capitalisation of listed equities dropped to N12.654tn from […]
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