Tag: Stock Market

FBN Holdings declares N45.8B profit in Q3, appoints Folake Ani-Mumuney, Mimiko Executive Directors
October 27, 2017 No Responses

FBN Holdings declares N45.8B profit in Q3, appoints Folake Ani-Mumuney, Mimiko Executive Directors

By citybusinessnews@yahoo.com –     For the nine months ended September 30, 2017, FBN Holdings has announced Profit after tax of N45.8 billion, up 7.8 per cent when compared with N42.5 billion recorded in 2016.    Gross earnings is  N439.2 billion, up 5.2 per cent as against N417.4 billion...
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Market capitalisation attains N101b, index up by 0.25 per cent
October 26, 2017 No Responses

Market capitalisation attains N101b, index up by 0.25 per cent

For the second day, the Nigerian Stock Exchange (NSE) on Wednesday sustained growth as the market capitalization recorded N101billion to close atN12.675 trillion.  Also, the index increased by 91.23 points or 0.25 per cent to close at 36,622.85 compared with....
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Investors stake N303m on UBA shares
October 25, 2017 No Responses

Investors stake N303m on UBA shares

By citybusinessnews@yahoo.com –      The slidding mood on the floor of the Nigerian Stock Exchange (NSE) came under control on Tuesday as the All-Share Index gained 118.89 points or 0.33 per cent to close at 36,531.62, compared with 36,412.73 recorde...
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SEC votes N160m for Oando’s Forensic Audit, highlights alleged insider dealing
October 24, 2017 No Responses

SEC votes N160m for Oando’s Forensic Audit, highlights alleged insider dealing

By citybusinessnews@yahoo.com –           The Securities and Exchange Commission (SEC) has set in motion machinery for the forensic audit of Oando Plc.   To ensure the independence and transparency of the exercise, the Forensic Audit according ...
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Lafarge, Nigeria Breweries, Zenith Bank suffer more losses as market capitalisation drops further by N60b
October 24, 2017 No Responses

Lafarge, Nigeria Breweries, Zenith Bank suffer more losses as market capitalisation drops further by N60b

By citybusinessnews@yahoo.com –   Trasnsactions on the floor of Nigerian Stock Exchange (NSE) continued on Monday on a negative trend as market capitalisation dipped further by N60billion.     Specifically, market capitalisation which opened for the...
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Nigerian Breweries, Forte Oil, Ecobank top losers’ table as investors’ wealth depreciate further by N21billion
October 21, 2017 No Responses

Nigerian Breweries, Forte Oil, Ecobank top losers’ table as investors’ wealth depreciate further by N21billion

By citybusinessnews@yahoo.com –    Transactions on the floor of Nigerian Stock Exchange (NSE) continued on a downward trend on Friday.   Specifically, the market capitalisation which opened at N12.614 trillion dropped by N21 billion to close at N12.59...
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International Breweries lead NSE’s gainers table as Zenith Bank records N531.3b in nine months
October 20, 2017 No Responses

International Breweries lead NSE’s gainers table as Zenith Bank records N531.3b in nine months

International Breweries Plc on Thursday led the Nigerian Stock Exchange (NSE) gainers’ table, gaining N2.21 to close at N46.52 per share.  Stanbic IBTC followed with a gain of N1.10 to close at N46.52 and GlaxosmithKline increased by 85k to close...
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N8b CBN scam: How N8.3m was substituted with paper, by Ecobank staff
October 19, 2017 No Responses

N8b CBN scam: How N8.3m was substituted with paper, by Ecobank staff

Mr Omotayo Sowunmi, a witness in the  alleged N8 billion Central Bank of Nigeria (CBN) currency scam case, on Wednesday said that the apex bank  lost N8.3 million in a single box meant to contain N10 million. Testifying before Justice...
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Total Nigeria, Flour Mills, others maintain slidding profile as NSE’s market capitalisation drops further by N10b
October 19, 2017 No Responses

Total Nigeria, Flour Mills, others maintain slidding profile as NSE’s market capitalisation drops further by N10b

Total Nigeria Plc on Wednesday recorded the highest loss for the day dropping by N7.59 to close at N245.41 per share.  At the end of the day’s transaction on the floor of Nigerian Stock Exchange (NSE), Flour Mills followed with...
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Elumelu seeks stable policy to enhance SMEs growth
October 19, 2017 No Responses

Elumelu seeks stable policy to enhance SMEs growth

The Chairman, UBA Group and Heirs Holdings, Mr Tony Elumelu, on Wednesday advised the Federal Government to tackle the issue of policy somersaults to enhance the growth of Small and Medium Enterprises (SMEs). Elumelu gave the advice at the 24th...
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NSE’s market capitalisation drops by N103b
October 18, 2017 No Responses

NSE’s market capitalisation drops by N103b

Investors in Nigerian capital market on Tuesday lost N103billion due to losses recorded by  Dangote Cement Plc, Nestle Nigeria Plc and Guaranty Trust Bank Plc.   At the end of the day’s training, Dangote Cement Plc, Nestle Nigeria Plc and...
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GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b
October 17, 2017 No Responses

GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b

The Nigerian Stock Exchange (NSE) on Monday resumed trading activities on a positive note as market capitalization rose by N43billion or 0.34 per cent.   At the end of the day’s trading, 0.33 per cent growth in the All-Share Index...
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Sterling Bank emerges Best Bank in Support of Agric
October 17, 2017 No Responses

Sterling Bank emerges Best Bank in Support of Agric

Sterling Bank Plc has won the Best Bank in Support of Agriculture Award at the Business Day Banking Awards 2017 held in Lagos.   The award is in recognition of Sterling Bank’s peerless support to the entire value chain in...
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Nestle sustains growth profile, hits N1, 240 per share
October 13, 2017 No Responses

Nestle sustains growth profile, hits N1, 240 per share

Nestle Plc on Thursday sustained its rising profile to lead the Nigerian Stock Exchange (NSE) gainers’ table, growing by N6.88 to close at N1,240 per share.  Also at the end of tradings,  Stanbic IBTC came second with a gain of...
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