Trade – Page 8 – City Business News

November 25, 2017 No Responses

Nestle shareholders to get 1,500k interim dividend as Wapic, Zenith, UBA records N5.8b deals in five days

For the period ended September 2017, Nestle Plc has proposed 1500 kobo interim dividend. In a notice to the Nigerian StockExchange (NSE), the company explained that qualification date is 24th November 2017 while closure date is 27th November 2017....

November 24, 2017 No Responses

Investors stake N1.14b on UBA shares as market capitalisation records N28b growth

United Bank for Africa (UBA) on Thursday emerged the toast of investors with a turnover of 116.63 million shares valued at N1.14 billion on the floor of NigerianStock Exchange (NSE). Access Bank followed with 98.34 million shares worth N987.63 million,...

November 14, 2017 No Responses

Dangote Cement, Forte Oil, others lift market capitalisation by N66b

Transactions on the floor of Nigerian Stock Exchange (NSE) commenced on Monday on a positive as investors gained N66billion. At the end of the day’s transaction, Dangote Cement topped the gainers’ table recording N8.99 to close at N238 per...

November 14, 2017 No Responses

Female business owners to hold 2017 annual seminar, trade fair in Lagos

The Network of Enterprising Women (NEWN), a network of 200 female business owners in Nigeria and the Diaspora, is to hold its 2017 annual seminar and trade fair tagged ‘Partnering and Collaborating for Business Excellence’ on November 23, 2017 at...

November 11, 2017 No Responses

Forte Oil lead gainers’ table as NSE market capitalisation consolidates growth by N24b

The Nigerian Stock Exchange (NSE) ended the week on a positive note on Friday as market capitalisation which opened at N12.823 trillion, increased by N24 billion or 0.19 per cent to close at N12.847 trillion. Also, the All-Share Index...

November 11, 2017 No Responses

NPA boss at lagos trade fair, harps on capacity building, efficient port system

By citybusinessnews@yahoo.com The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has pledged to invest more resources in capacity building as part of measures to attain an efficient port system. Bala Usman made the remark a...

November 9, 2017 No Responses

Market capitalisation sustains growth with N43b

Transactions on the floor of Nigerian Stock Exchange (NSE) continued on a positive note on Wednesday as the market capitalisation which opened at N12.810 trillion gained N43 billion or 0.34 per cent to close at N12.853 trillion. Also, the...

November 8, 2017 No Responses

Relief as NSE market capitalisation rises by N29b

Investors’ wealth in Nigerian Stock Exchange (NSE) appreciated on Tuesday as the market capitalisation increased by N29 billion or 0.23 per cent to close at N12.810 trillion from N12.781 trillion recorded on Monday. Also, the All-share index increased by....

November 6, 2017 No Responses

Online shopping comes under scrutiny

China has created a new law to impose heavy fines on internet shopping websites which publish false advertisements about their products. Vendors who delete negative online reviews or post fake positive reviews face a minimum $30,000 (£23,000) fine. The new...

October 28, 2017 No Responses

Investors stake N4.458b on UBA, Access Bank, FBN Holdings in five days

For the week ended October 27, 2017, trading in the shares of United Bank for Africa (UBA) Plc, Access Bank Plc and FBN Holdings Plc accounted for 515.058 million shares worth N4.458 billion in 3,088 deals. Trading in the shares on the...

October 10, 2017 No Responses

Coronation Merchant Bank Photo News

L – R shows Onome Komolafe, Executive Director, Enterprise Support, Coronation Merchant Bank; Ade Bajomo, Executive Director, Market Operations and Technology, The Nigerian Stock Exchange (NSE); Abubakar Jimoh, Managing Director, Coronation Merchant Bank; Ai...

September 19, 2017 No Responses

Customs impounds Dangote truck with N47m smuggled poultry products

The Nigeria Customs Service (NCS) has impounded a truck in Ogun State belonging to Dangote Cement with about 3,000 cartons of smuggled frozen poultry valued at over N47 million. NCS Comptroller in Ogun State, Sani Magudu, explained on Monday...

September 15, 2017 No Responses

Nestle acquires coffee firm for $500m

Nestle has bought control of the California based specialty coffee business Blue Bottle Coffee. The Swiss food and drink multi-national acquired a controlling stake for a reported price of $500m (£370m) . With its Nescafe instant coffee and Nespresso brands,....

September 12, 2017 No Responses

Customs intercepts 1,100 pump action rifles

The Nigerian Custom Service (NCS) Tin-Can Island Command has impounded 1,100 pump action rifles. This bring to a total of about 2110 pump action rifles so far impounded in Lagos in the last seven months. The Comptroller General of the...