Transactions on the Nigerian Stock Exchange (NSE) rebounded on Wednesday by N50 billion, halting two consecutive days bearish trend due to sustained bargain-hunting in insurance stocks. The equities market capitalisation which opened at N21.47 trillion inched higher by N50 billion…
Airtel Africa Plc on Wednesday notified the Nigerian Stock Exchange (NSE) of releasing its nine-month ended December 31, 2020 next Friday. The Group Company Secretary, Airtel Africa, Simon O’Hara in a statement said, “Airtel Africa, a leading provider of telecommunications…
By Kayode Tokede Shareholders of diversified manufacturers of foams and other household equipment, Vitafoam Nigeria Plc, will receive a dividend of N979.4 million for the year ended September 30, 2020. The dividend, which shows an increase of 64.5 per cent,…
Kayode Tokede with News Agency The Federal Government dominated capital raising at the fixed income segment of the Nigerian Stock Exchange (NSE) in 2020, raising over N2.36 trillion. The Chief Executive Officer of NSE, Mr Oscar Onyema, said this at…
By Kayode Tokede Trading activities on the equities market of the Nigerian Stock Exchange (NSE) extended losing streak on Tuesday, declining further by 0.07 per cent over investors profit taking. The All-Share Index lost 30.75 basis points or 0.07 per…
By Kayode Tokede The Nigerian Stock Exchange (NSE) equities market opened for the week on Monday with a loss of N40 billion, halting five consecutive days positive run. Specifically, the market capitalisation which opened at N21.53 trillion shed N40 billion…
By Kayode Tokede The Chief Executive Officer, United Capital Plc, Peter Ashade, has purchased an additional one million units of the company’s shares, worth N5.17 million. The information is contained in a notification sent to the Nigerian Stock Exchange (NSE)…
By Kayode Tokede FBNQuest has described private equity as a type of capital investment made to companies that are not publicly traded on a stock exchange. It stated this in a report on ‘Understanding private equity and alternative investments –…
By Kayode Tokede The Board of Directors of Neimeth Pharmaceuticals has revealed plans to raise N5billion in additional equity upon approval by shareholders of the company. The Company Secretary, Neimeth Pharmaceuticals, Mrs. Florence Onhenekwe said in a statement to The…
By Kayode Tokede For over a decade now, Sovereign Trust Insurance Plc has consistently maintained a confident A- rating with the international rating agency, Global Credit Rating, (GCR or Rating Agency) based in South Africa. The Rating Agency’s recent solvency…
