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Business

DMO lists N162.56bn Sukuk bond on NSE

Nike Popoola The Debt Management Office said on Thursday that it listed its third sovereign Sukuk, N162.557bn seven-year 11.200 per cent AL Ijarah Sovereign Sukuk due 2027, on the Nigerian Stock Exchange and the FMDQ Securities Exchange. It said this in a statement on its website titled ‘Listing of N162.557bn 7-Year 11.200 per cent Al...

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Stock market opens week with N46bn loss

stock market

Despite earlier expectation that sellers will take a breather in Nigeria’s stock market this week, the market still continued on its negative route, an indication that the bears are not willing to relinquish their position. The stock market furthered its negatives return this year (-4.24percent), no thanks to counters like Nigerian Breweries (-5.34percent), Livestock Feeds […] Read Full Story

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Investors lose N371bn on NSE in one trading session

Investors on the Nigerian Stock Exchange (NSE) on Tuesday lost N317 billion in a trading session amid sell pressure on bellwethers. Specifically, the market capitalisation which opened at N20.612 trillion shed N371 billion or 1.80 per cent to close at N20.241 trillion. Also, the All-Share Index dipped 709.72 points or 1.80 per cent to close
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NSE’s indices resume week with 0.17% growth

The Nigerian equities market resumed trading for week upbeat on Monday with key indicators improving by 0.17 per cent. Consequently, the All-Share Index garnered 64.96 points or 0.17 per cent to close at 39,396.57 compared with 39,331.61 recorded on Friday. Similarly, the market capitalisation rose by N34 billion or 0.17 per cent to close at
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Notore notifies NSE of management changes

Notore Chemical Industries

Nigeria’s leading agro-allied company, Notore Chemical Industries Plc has notified the Nigerian Stock Exchange, its shareholders and the general public of changes to its management. Notore is Africa’s first indigenous Urea fertilizer producer in Sub-Saharan Africa including South Africa. With the change, Onajite Okoloko retires as the company’s Group Managing Director and Chief Executive Officer, […] Read Full Story

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Ardova proposes final dividend of 19kobo

Ardova

Ardova Plc, a Nigerian leading indigenous and integrated energy company, has released its consolidated and separate financial statements for the year ended December 31, 2020. In the review year, revenue of the Group stood at N181.938billion while that of the company was N181.664billion, up from N176.550billion in 2019. The Group’s gross profit was N12.130billion in […] Read Full Story

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Ardova proposes final dividend of 19kobo

Ardova

Ardova Plc, a Nigerian leading indigenous and integrated energy company, has released its consolidated and separate financial statements for the year ended December 31, 2020. In the review year, revenue of the Group stood at N181.938billion while that of the company was N181.664billion, up from N176.550billion in 2019. The Group’s gross profit was N12.130billion in […] Read Full Story

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News

NSE total transactions drop by 13.66% in January

The total transactions at the Nigerian Stock Exchange (NSE) dropped by 13.66 per cent in January, the News Agency of Nigeria (NAN) reports. The NSE monthly domestic and foreign portfolio investment (FPI) flows obtained NAN on Monday shows that total transactions stood at N232.46 billion (about 590.82 million dollars) in January. This was in contrast
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NSE extends bearish run with 0.08 loss

The Nigerian bourse extended its bearish run on Monday with crucial indicators recording 0.08 per cent loss. Specifically, the market capitalisation dipped N17 billion or 0.08 per cent to close at N21.008 trillion against N21.025 trillion posted on Friday. Also, the All-Share Index which opened at 40,186.70 dropped 32.61 points or 0.08 per cent to
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News

NSE extends bearish run with 0.08 loss

The Nigerian bourse extended its bearish run on Monday with crucial indicators recording 0.08 per cent loss. Specifically, the market capitalisation dipped N17 billion or 0.08 per cent to close at N21.008 trillion against N21.025 trillion posted on Friday. Also, the All-Share Index which opened at 40,186.70 dropped 32.61 points or 0.08 per cent to
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Business

NSE moves 307.79m shares valued N2.91bn in bearish trend

The Nigerian Stock Exchange (NSE) on Friday moved 307.79 million shares valued at N2.91 billion exchanged in 4,393 deals. This was in contrast with 426.27 million shares worth N4.75 billion traded in 4,972 deals on Thursday, a decrease of 27.79 per cent. An analysis of the activity chart indicates that FBN Holdings was the toast
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Nigerian Breweries berths with disappointing full year 2020 scorecards

Nigerian Breweries

Nigerian Breweries has released its audited financial statement for the year ended December 31, 2020, which shows disappointing bottom-line figures. From a not too impressive net revenue of N337.046 billion in 2020 against N323.007 billion in 2019, representing 4.35 percent increase, the company gross profit printed lower at N118.690 billion from N131.250 billion in 2019, […] Read Full Story