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Champion Breweries Plc
The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance.
The stock market declined by 2.5 per cent last week following profit taking after weeks of sustained growth. The market, which spiked by 12.9 per cent the previous week, closed lower last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) shedding 2.5 per cent to be at 34,136.82. The market capitalisation closed lower at N17.838 trillion.
The Nigerian equities market opened the week on a positive note as the Nigerian Stock Exchange (NSE) All Share Index rose by 0.30 per cent to 36,711.96. This was just as bargain hunting entered its second day.
The Nigerian stock market maintained its positive performance wednesday, surging further to record a year-to-date growth of 41.9 per cent.
Vice President Yemi Osinbajo will represent Nigeria at the sixth inauguration of President Yoweri Museveni of Uganda.
The Lagos State Government on Tuesday said it had recovered more than N50 million from parties involved in illegal real estate transaction activities.
The state’s Deputy Governor, Manassah Jatau, made the declaration in Gombe on Tuesday when a Presidential Visitation Panel, led by Prof. Kenneth Okiongbo, visited the school.
The Bauchi State Road Traffic Agency (BAROTA), on Tuesday, reiterated that activities of commercial motorcycle riders, popularly known as ‘Okada’ or ‘Achaba’, remained banned in the state.
An African regional organisation said about 60 per cent of people from South Sudan are facing “their worst food security” and nutrition crisis since the country became independent a decade ago.
The Ooni of Ife, Oba Adeyeye Ogunwusi, has called on Nigerians to desist from any act that could lead to war in Nigeria.
Chelsea goalkeeper Edouard Mendy has set a Champions League record having kept a clean sheet in the 2-0 defeat of Real Madrid.
Victor Osimhen’s agent William D’Avilla says the Nigerian is back to his best following his impressive displays in recent outings for Serie A club Napoli.
Marcos Alonso said he was delighted to score the winner against Manchester City after enduring a "tough season" at Chelsea.
The House of Representatives has called on the Ministry of Agriculture, the Nigerian Navy and the Nigerian Maritime Administration and Safety Agency (NIMASA) to put measures in place to curb illegal fishing by foreign vessels on Nigeria’s waters.