Stock Business Archives — Page 3 of 4

May 29, 2021 No Responses

Lafarge Africa Declares 30.8% Growth In 2020

By citybusinessnews@yahoo.com — Foremost cement manufacturers, Lafarge Africa Plc has posted 30.8 per cent growth in its recurring earnings before interest and taxes (EBIT). Chairman of the company’s board, Prince Adebode Adefioye, explained on Friday in a statement that the growth...

May 3, 2021 No Responses

NGX Records N419b Growth In April

The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies. Specifically, the market capitalisation which closed trading in March at N20.428 trillion...

April 22, 2021 No Responses

Conoil, Lafarge Africa, GTBank Lift NGX Indices By 0.29%

Transactions on the Nigerian Exchange (NGX) Ltd. on Wednesday extended gaining streak to four consecutive trading sessions, appreciating further by 0.29 per cent. The performance was as a result of investors’ interests in Guaranty Trust Bank and Lafarg...

April 14, 2021 No Responses

BUA Cement To Sustain Competitiveness With N115b Bond Issuance

BUA Cement Plc has pledged to sustain competitiveness with the N115 billion Series Fixed Rate Senior Unsecured Bond issue under the company’s maiden N200 billion bond issuance programme. The Chief Executive Officer, BUA Cement, Yusuf Binji, made the di...

April 2, 2021 No Responses

Nigeria Stock Exchange Readies For New Chapter Post Demutualisation

By Oscar N. Onyema — Capital markets in Nigeria are entering a period of major change, commencing with the demutualisation of the Nigerian Stock Exchange (NSE or The Exchange), which was approved by the nation’s Securities and Exchange Commissio...

March 31, 2021 No Responses

Investors Lose N119b Amid Renewed Profit Taking

The Nigerian Stock Exchange (NSE) returned to negative territory on Tuesday with investors losing N119 billion on renewed profit taking. Consequently, the market capitalisation which opened at N20.663 trillion dipped N119 billion to close at N20.544 tril...

February 26, 2021 No Responses

Market Capitalisation Down By N65b

The nation’s bourse retreated on Thursday, reversing two days positive sentiment with a loss of N65 billion following profit taking on banking and consumer goods stocks. Consequently, the market capitalisation shed N65 billion or 0.31 per cent to close...

February 25, 2021 No Responses

Oando Rallies On NSE, Lifts Market Indices By 0.14%

Activities on the Nigerian stock market sustained the upward trend on Wednesday with a gain of 0.14 per cent on bargain hunting in Oando and 21 others. Specifically, the All-Share Index improved further by 56.44 points or 0.14 per cent...

February 10, 2021 No Responses

Stockbrokers Project Positive Outlook For Nigerian Capital Market In 2021

Participants at the annual economic review of the Chartered Institute of Stockbrokers (CIS) on Tuesday projected a positive outlook for the Nigerian capital market and the economy in 2021. They also identified certain factors that must be addressed to achieve....

January 30, 2021 No Responses

Ecobank Group Declares N630b Revenue In 2020

For the year December 31st, 2020, Ecobank Group recorded a revenue of over N630 billion, representing 7% growth when compared to N586.9 posted in the corresponding period of 2019. In its unaudited report submitted to the Nigeria St...

January 29, 2021 No Responses

Market Capitalisation Crosses N22trillion Mark

The Nigerian Stock Exchange (NSE) market capitalisation on Thursday crossed above N22 trillion mark as a result of price appreciation posted by some blue chips. Accordingly, the market capitalisation inched higher by N125 billion or 0.57 per cent to clos...

November 14, 2020 No Responses

NSE Reiterates Commitment To Provide Quality Market Data

The Nigerian Stock Exchange (NSE) has reiterated its commitment to provide quality market data to help investors make informed and healthy investment decisions. Chief Executive Officer of the NSE, Mr Oscar Onyema, made the assertion during the Market Data Work...

November 13, 2020 No Responses

Nestle, Airtel Africa, Presco, Others Sustain N1.08trillion Growth On NSE

The bulls continued to dominate activities on the Nigerian Stock Exchange (NSE) with the All-Share Index rising above the set five per cent threshold to trigger circuit breaker. Speficially, the All-Share Index rose by 2,074.10 points or 6.23 per cent...

November 12, 2020 No Responses

Renewed Interest In NB, Presco, MTN As Investors Gain N1.18tr In Three Days

The Nigerian Stock Exchange (NSE) on Wednesday extended its bullish run for the third consecutive day with investors net worth appreciating further by N324 billion. Specifically, the market capitalisation inched higher by N324 billion or 1.90 per cent to...