Nigerian Stock Exchange Hopes for a bulls’ run dimmed yesterday, following renewed profit-taking by investors at the Nigerian Stock Exchange (NSE), as the bears took centre stage again on equity transactions, reversing the Tuesday’s positive sentiment, as market capitalisation depreciated by N57billion. Specifically, at the close of transactions yesterday, the All Share Index (NSE-ASI) shed […]
All through today’s trading session, the all share index fluctuated as usual, as investors bought and sold off shares but the final close was at 0.44%, which is a reversal to Monday’s bearish trend from Tuesday’s bulling run. The shares of energy producer, Total, edged 1.05% higher for the third time this week, to close […]
Lafarge Africa Plc plans to create additional 10 billion ordinary shares of 50 kobo each to increase its authorised share capital to 20 billion ordinary shares. The cement company will thereafter float a rights issue to raise N90 billion. In a regulatory filing yesterday, Lafarge Africa stated that shareholders of the cement company have been […]
Lafarge Africa Lafarge Africa Plc will hold an Extra Ordinary General Meeting (EGM) on Tuesday, September 25, 2018. Among the agenda to be discussed are: Approval of the appointment of Mr. Rossen Papazov as a Non-Executive Director. Approval of Rights Issue and Debt-to-Equity Conversion. That the Company be and is hereby authorised to enter into […]
Most transactions at the Nigerian equities market closed yesterday at higher prices but losses recorded by large-cap stocks overshadowed the overall market position. Benchmark indices at the Nigerian Stock Exchange (NSE) indicated average decline of 0.32 per cent, representing a net capital depreciation of N42 billion. With 26 gainers to 14 losers, most sectoral indices […]
Trading floor of the Nigeria Stock Exchange The Nigerian equities market started the week on a bearish note following losses by bellwether stocks such as Dangote Cement Plc, Nigerian Breweries Plc, GTBankPlc, FBN Holdings Plc. The benchmark index, the Nigerian Stock Exchange (NSE) All-Share Index declined by 0.06 per cent to close at 36,479.42, while […]
Nigerian Stock Exchange (NSE) premium board listed companies fondly referred to as Nigeria’s elite issuers are industry leaders in their respective sectors. Following the release of their respective half-year financials business a.m . analyses their share price movement. Below are the performances of the respective companies: Dangote Cement Plc . was the quickest off the […]
THE country’s largest cement and healthcare manufacturing companies are planning to raise N240 billion new capital to grow their businesses. The two largest cement companies – Dangote Cement Plc and Lafarge Africa Plc – and two leading healthcare companies – Fidson Healthcare Plc and May & Baker Nigeria Plc – have launched the new capital […]
Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org] 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 […]
A Death-trap pot-hole at Rumuokoro, East/west road. Photo; Nwankpa Chijioke AG Dangote Construction, a member of the Dangote Group has advocated for the increased adoption of cement in road construction with cement in the country. Tunde Jimoh, a representative of the firm disclosed this at an event organized by the Council of Registered Engineers in […]
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