Trading activities at the equity market at the Nigerian Stock Exchange last week sustained growth profile as All-Share Index (ASI) appreciated by 897.53 basis points (2.49%) to close on Friday at 36,907.81 against 36010.28 it recorded the previous week. Market capitalisation advanced by 2.47% or N285 billion to close at N11.798 trillion, while the NSE [...]
Trading activities on the floor of the Nigerian Stock Exchange (NSE), last week, closed in an positive trend as the value of equities improved by N288 billion. Capitalisation of equities on the mainboard advanced by 2.57% to close at N11.513 trillion,from N11.225 trillion recorded the preceding week. The All-Share Index also gained 900.95 basis points [...]
Nestle Nigeria Plc has sustained growth in its profitability in the last 20 years as its profit before tax increased by N24.879 billion. The outgoingchairman of the Company, Chief Olusegun Osunkeye who disclosed this at its 44th annual general meeting said that the profit grew from N114 million recorded in 1992 to N4.755 billion in [...]
Nigerian Stock Exchange has announced total revenue of N3.9 billion recorded for the financial year ended December 31, 2012. The figure represents a growth rate of 11% compared with N3.546 billion recorded in the preceding year. Speaking at the 52 annual general meeting in Lagos, the President of the Nigerian Stock Exchange, AlhajiAlikoDangote said that [...]
Investors in the nation’s capital market have expressed divergent views over the N192.2 billion operating cost posted by First Bank of Nigeria Holding Company (FBN Holding) at the end of 2012 financial year. The figure is 32% more than the N146 billion recorded the previous year. The FBN Holdings posted a profit after tax of [...]
Investors exchanged a turnover of 1.511 billion shares worth of N15.867 billion in 20,965 deals in contrast to a total of 1.758 billion shares valued at N17.898 billion that exchanged hands last week in 23,958 deals At the close of trading activities for the week, the Financial Services sector recorded the highest volume of activity [...]
Central Securities Clearing System (CSCS) Plc has appointed four directors to its board. The managing director of CSCS, MrKyariBukar, who disclosed this on Friday, said the appointment of Omoigui-Okauru and Sola Adeeyo as independent directors is in compliance with enshrined corporate governance code of the Securities and Exchange Commission (SEC). He stated that Messrs. Sule [...]
Investment in the nation’s stock market last week closed on bearish trend as the market capitalisation declined by N265 billion. The value of equities decreased by 2.41% to close at N10.713 trillion, from N10.978 trillion recorded the previous week. Nigerian Stock Exchange All-Share Index declined by 787.23 points or 2.30% to close on Friday at [...]
Total Nigeria Plc has declared a N4.7 billion profit after tax for its financial year ended December 31, 2012. The figure representing an increase of 22.5%, when compared to N3.8 billion recorded in 2011. The result showed a revenue growth of N217.8 billion (25.2 per cent,) from the N173.9 billion achieved in the preceding year. [...]
The Nigerian Stock Exchange (NSE) has granted all listed companies additional 30 days from their required date for submitting financial report to enable them meet their regulatory periodic filing obligations. The extension according to the NSE was in response to the challenges being experienced by listed entities in meeting their regulatory periodic filing obligations with [...]
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