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The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with a loss of N35 billion, amid weak sentiments.
Nigeria’s biggest listed company Dangote Cement is considering an open tender for a share buyback to return cash to shareholders and is deciding on the size of the programme, its chief executive said on Monday.
Despite weak sentiments, the Nigerian equities market closed positive last week as All Share Index (ASI) gain 0.58 per cent. Thus local bourse recorded its largest weekly gain in seven weeks.
The key market indicators of the Nigerian Stock Exchange (NSE) on Thursday posted the first gain for the week, appreciating by 1.40 per cent.
Activities on the Nigerian Stock Exchange (NSE) on Tuesday maintained negative sentiment, with the All-Share Index (ASI) declining further by 0.39 per cent.
Transactions rebounded on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation increasing by N107 billion, after days of bearish trend.
President of Dangote Group, Aliko Dangote, has said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries, where the company has its operations. The countries are Nigeria, Ethiopia, Senegal and South Africa.
The Nigerian Stock Exchange (NSE) reopened trading on Wednesday after the public holidays to mark the Eid-el-Fitr celebration with a marginal growth of 0.07 per cent.
For the third time in a row, Dangote Group has emerged as the most admired African brand, of African continent origin, by consumers, paired with t he telecommunication giant, MTN in a survey of 100 Africa best brands announced in a novel global virtual event that incorporated the market openings of Kenya, South Africa and Nigeria.
Sentiments remained positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation growing by N130 billion due to gains by Dangote Cement.
The nation’s bourse maintained a bullish mood on Tuesday with the key performance indices increasing further by 1.09 per cent on gains by some blue chips.
On Monday, April 27, 2020, British oil and gas giant, BP, became the latest in a growing number of energy firms to declare a massive quarterly loss. Their loss was in the region of $4.4 billion dollars. Bear in mind that this was a conglomerate that posted a $2.6 billion profit in the corresponding quarter of 2019.
Activities opened on the Nigerian Stock Exchange (NSE) for the week on a bearish posture with the market capitalisation losing N222 billion in about six hours of trading.Activities opened on the Nigerian Stock Exchange (NSE) for the week on a bearish posture with the market capitalisation losing N222 billion in about six hours of trading.
Dangote Cement Plc, Africa’s leading cement manufacturer, is seeking to raise up to N100 billion in fresh funds from the bond market, under its NGN300 billion Debt Issuance Programme.
The Nigerian equities market closed Thursday trading on upward trend, appreciating by 0.10 per cent, amid Dangote Cement gain.
Gov. AbdulRahman AbdulRazaq of Kwara has commiserated with families whose dwellings and properties were affected by Saturday night’s rainstorm in different parts of the state.
Delta State Governor, Sen. (Dr) Ifeanyi Okowa, has congratulated his Edo counterpart, Mr Godwin Obaseki, and his deputy, Comrade Philip Shaibu, on their re-election.
The Independent National Electoral Commission has declared the candidate of the Peoples Democratic Party, Godwin Obaseki, winner of the governorship election in Edo State.
Son Heung-min scored four goals set up by Harry Kane as Tottenham Hotspur came from a goal down to overwhelm Southampton 5-2 on Sunday.
A judge in California has blocked the Commerce Department’s ban on new downloads of China-based messaging app WeChat, Reuters reported Sunday. US Magistrate Judge Laurel Beeler said in her order that WeChat users showed “serious questions going to the merits of the First Amendment claim, the balance of hardships tips in the plaintiffs’ favor.”
The national chairman of the Peoples Democratic Party (PDP), Uche Secondus, has called on more foreign democratic countries to punish election riggers in Nigeria with visa restrictions.
The All Progressives Congress Tuesday asked Nigerians to endure the fuel price and electricity tariff hikes for now and enjoy the gains later.
The staff of the Federal University, Gusau, have accused the university’s Vice-Chancellor, Professor Magaji Garba, of corruption and disregard for due process in the award of contracts, and requested for an investigation into the matter.
South African President Cyril Ramaphosa said on Wednesday the country would open its international borders selectively for travel and tourism from Oct. 1, bringing much needed relief to a sector largely dependent on high-spending foreign tourists.
The Nigerian National Petroleum Corporation (NNPC) has shortlisted 78 companies to bid for the rehabilitation of oil pipelines and deport infrastructure across the country.