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Some stakeholders in the capital market have faulted the listing of MTN Nigeria Communications Plc on the nation’s bourse in spite of unavailability of the mandatory 20 per cent free float.
The Nigerian equities market yesterday shed 1.22 per cent, causing market capitalisation to dip below the N11 trillion mark on sustained profit taking.
The Nigerian equities market commenced trading for the week on Monday still on a bearish trend with the market indicators dropping by 0.74 per cent.
Chams Plc led the price gainers with 10 per cent following investors sustained their high demand for the stock after it recovered from a loss in 2017 to profit last year.
The Nigerian Stock Exchange (NSE) All-Share Index hit a 52-week low yesterday, falling by 1.53 per cent to close at 29,162.24, while market capitalisation shed N170 billion to close at N10.953 trillion.
Weekly trading on the Nigerian Stock Exchange (NSE) resumed on Monday on bearish note with the market capitalisation dropping below N11 trillion mark amid price loses by some blue chips.
The President and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote, says his refinery will eliminate fuel scarcity and transform Nigeria’s economy for decades when it comes on stream.
Dangote Group has assured Nigerians of good quality and affordable products at the ongoing 30th Enugu International Trade Fair.
Trading resumed on the nation’s bourse on Tuesday still on a negative trend, declining marginally by 0.01 per cent in a cautious trading.
Trading resumed on the nation’s bourse for the week on Monday still on a negative trend, declining marginally by 0.06 per cent in a cautious trading.
The Nigerian Stock Exchange extended its negative outlook for the second consecutive days with crucial market indices dropping further by 0.35 per cent amid profit taking.
The nation’s bourse on Wednesday reversed the three consecutive days positive trend with the market capitalisation dropping by N20 billion.
Alhaji Aliko Dangote, President, Dangote Industries, says his continuous efforts to innovate, create value and invest in Nigeria’s economy is borne out of his firm belief in its vast economic potential.
Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February.
Dangote Cement has posted a Profit After Tax (PAT) of N390.32 billion in its 2018 operations, against N204.25 billion achieved in the corresponding period in 2017.
The Nigerian bourse swayed southward on Thursday dropping marginally by 0.14 per cent, amid profit taking ahead of the Presidential and National Assembly elections.
A group under the aegis of the Renaissance Coalition in collaboration with Civil society organisations (CSOs), and other stakeholders in Kano have called for the scrapping of the newly created emirates in the state.
The rain storm in Lagos on Monday resulted in many residents and motorists counting their losses as it caused traffic gridlock and wreaked havoc in many areas, damaging communication masts, electric poles and other infrastructure.
The Federal Government has declared May 29 and June 12 as public holidays to mark the transition to a new government and Democracy Day respectively.
Gov. Darius Ishaku of Taraba on Monday banned the use of polythene and plastic bags in the state to boost clean environment.
Edo State Governor, Mr Godwin Obaseki, has said that the state will ensure its forest belt is preserved as more investors in oil palm, cocoa, rubber plantations set up shop in the state, noting that state will collaborate with relevant stakeholders in the sector on a reforestation programme.
The All Progressives Congress (APC), Oyo State Chapter, has lauded Gov. Abiola Ajimobi for naming some roads and institutions after late former governor, Lam Adesina, and other prominent indigenes..
The Delta State University, Abraka will on Saturday hold its 13th convocation for 4,252 graduating students with 68 of them bagging first class in various academic disciplines.
National secondary exams in Somalia have been cancelled by authorities after papers were leaked on social media platforms, the Minister of Education confirmed late Monday.
Former Arsenal goalkeeper Wojciech Szczesny has paid a glowing tribute to departing Juventus boss Massimiliano Allegri ahead of his final game in charge.
A student of Akwa Ibom State University (AKSU), Ikot Akpaden, has been suspended “indefinitely” from the school for allegedly calling the university vice chancellor ‘foolish’ on Facebook.