By Kayode Tokede UACN Property Development Plc has announced to its bondholders that its N4.35billion Series 1 Bonds will be redeemed on April 26th, 2021 (redemption date) together with accrued Coupon up to, but excluding the redemption date. The Company…
By Kayode Tokede Champion Breweries share rose by 58per cent in six trading days as buying interests by investors continue to prop the shares of the company upon the expectation of a mandatory takeover by Heineken. The share at the…
By Kayode Tokede Activities on equities market segment of the Nigerian Stock Exchange (NSE) resumed the week on Monday on a positive note following investors’ interests in Dangote Cement Plc, Airtel Africa Plc, among others. Specifically, the All-Share Index inched…
By Kayode Tokede Ecobank Transnational Incorporated (ETI), the parent of the Ecobank Group, has confirmed that one of its significant subsidiaries, Ecobank Nigeria, secured N50 billion, 10-Year bilateral subordinated loan. In a notification at the Nigerian Stock Exchange (NSE), the…
By Kayode Tokede Multiverse Mining and Exploration Plc has projected that in the first quarter of 2021, the mining and exploration company will generate N76 million in revenue, and post a profit of N39.5 million. These projections were made by…
By Kayode Tokede The NASD OTC Securities Exchange closed last week with a 0.36 per cent on NSI to close the week at 737.39 basis points against 740.04 basis points it closed last on Friday. In addition, theweek 3 saw…
By Kayode Tokede Trading on the Nigerian Stock Exchange (NSE) returned to bearish posture on Thursday with investors losing N25.4 billion following profit taking in Dangote Cement and Axa Mansard. Specifically, the market capitalisation dropped N25.41 billion or 0.12 per…
By Kayode Tokede Lafarge Africa Plc, a cement manufacturer headquartered in Lagos and majorly controlled by LafargeHolcim has notified the Nigerian Stock Exchange (NSE) of its decision to divest its 35per cent shareholding in Continental Blue Investment Ghana Limited (CBI…
By Kayode Tokede Flour Mills of Nigeria (FMN) Plc on Thursday expressed commitment to explore diversified funding sources from the capital market for enhanced growth and development. FMN Group Managing Director, Mr Omoboyede Olusanya, said this at the listing of…
By Kayode Tokede Morison Indus tries Plc has notified the Nigerian Stock Exchange (NSE), stakeholders and the investing public of the appointment of Mr Adesoji Oladeja, as the new Managing Director, effective Jan. 4. The company made the announcement in…
