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BUA Group

BUA Cement lists 33.86 billion shares on NSE, emerges third largest listed company

BUA Cement Plc achieved a feat on the Nigerian Stock Exchange (NSE) with the listing 33.86 billion ordinary shares at N35 per share, emerging as the third largest company on the bourse.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Aliko Dangote’s net worth rises to $14.8 billion in 2019

Africa’s wealthiest man, Alhaji Aliko Dangote ended 2019 with a total worth of $14.8 billion, representing an increase of $4.3 billion from the $10.3 billion recorded in 2018, according to Bloomberg’s Billionaires Index released recently.
Nigerian Stock Exchange NSE

Trading sustains upward trend on NSE, market capitalisation crosses N13 trillion mark

The market capitalisation of the Nigerian Stock Exchange on Friday sustained a positive trend, crossing to N13 trillion mark on the second trading day of 2020.
Nigerian Stock Exchange NSE

NSE market indices sustain growth amid investors interest in heavyweight

The Nigerian Stock Exchange opened the last trading week for 2019 on Monday with a growth of 0.73 per cent following investors’ interest in heavyweight stocks.
Dangote Cement

Dangote Cement seeks shareholders’ approval for share buy-back

Dangote Cement Plc is seeking shareholders’ approval to embark on share buy-back in move aimed at improving return on equity and shareholder value.
Nigeria Stock Exchange

Nigeria’s foreign portfolio investments decline by N280 billion

Nigeria’s portfolio transactions declined by N280 billion as foreign portfolio investors (FPIs) tended to be more on the sell side than the buy side.

Sovereign Trust Insurance lists 4.17 billion rights shares

Sovereign Trust Insurance Plc has listed additional 4.17 billion ordinary shares of 50 kobo each on the Nigerian Stock Exchange (NSE), the last step in its recent capital raising process.

Investors stake N15.5 billion on equities ahead of Santa Claus rally

The momentum of activities at the Nigerian equities market has increased as investors opened up more orders in early positioning for the often-expected Santa Claus rally. Investors staked N15.5 billion on 1.38 billion ordinary shares in 14,528 deals last week, 32.3 per cent increase on total turnover volume of 1.04 billion ordinary shares valued at N14.63 billion in 14,974 deals traded in the previous week.
Nigerian Stock Exchange NSE

NSE indices in bullish run, up 0.60 percent

The Nigerian Stock Exchange (NSE) crucial market indices opened trading yesterday with a 0.60 per cent appreciation following rising interest in banks securities. Specifically, the market capitalisation which opened at N12.807 trillion early in the day, rose by N77 billion or 0.60 per cent to close at N12.884 trillion.
Nigerian Stock Exchange NSE

NSE market indices resume trading upbeat, inched 0.60 percent

The Nigerian Stock Exchange (NSE) crucial market indices opened trading for the week on Monday with a growth of 0.60 per cent following enhanced bank in interest.
Dangote Cement Industry

Shareholders seek more mergers, acquisitions in cement industry

Shareholders under the aegis of Constance Shareholders’ Association of Nigeria (CSAN) on Saturday said that mergers and acquisitions would improve cement industry activities on the Nigerian Stock Exchange (NSE).
Nigerian Stock Exchange NSE

Nigerian equities sustain rally with N66 billion gains

Nigerian equities continued on the positive side on Thursday as investors stepped up bargain-hunting ahead of the end of the business year. Average return stood at 0.51 per cent, equivalent to net capital gain of N66 billion.
Nigerian Stock Exchange NSE

Winner of Nigeria Stock Exchange essay competition emerges

A student of Grandmates Schools in Isolo, Lagos, Adesewa Adeniyi, has won the first prize at the Nigerian Stock Exchange 2019 Essay Competition for Senior Secondary School students.
The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.

Border closure, forex restriction’ll boost capital market – minister

The Minister of Industry, Trade and Investment, Niyi Adebayo, has said the gains being recorded from the border closure and the foreign exchange restriction on 44 items will increase domestic business’ activities and make the capital market more active.
Nigerian Stock Exchange NSE

NSE suspends trading on Continental Reinsurance

The Nigerian Stock Exchange (NSE) has placed full suspension on trading in the shares of Continental Reinsurance Plc. The suspension was in furtherance of the bid by the majority core investor to acquire minority shareholdings in the reinsurance company.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN Nigeria appoints new executive director, chief financial officer

MTN Nigeria Communication PLC on Friday announced the appointment of Modupe Kadri as its new Executive Director and Chief Financial Officer (CFO).
Nigerian Stock Exchange NSE

NSE wins awards for promoting CSR reporting, delivering efficient in-house legal support

The Nigerian Stock Exchange says it has received the “Best Corporate Social Responsibility Initiative (Promoting Sustainability & Reporting)” and the “Capital Market In-House Team of the Year” awards at 2019 Marketing World Awards and ESQ Nigerian Legal Awards respectively.
Mosun Belo-Olusoga

Access Bank appoints new chairman

Access Bank PLC on Monday announced the appointment of its new chairman as its incumbent chairman, Mosun Belo-Olusuga, prepares to retire in January 8, 2020.

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Abike Dabiri-Erewa

Coronavirus: Nigeria set to evacuate stranded national abroad

Nigeria’s Federal Government is set to evacuate stranded Nigerians abroad in the wake of ravaging Coronavirus pandemic in the world.
Osagie Emmanuel Ehanire (born 4 November 1946) is a Nigerian medical doctor and politician. He was appointed as the Minister of State for Health in the President Muhammadu Buhari administration in November 2015.

Nigeria explores local manufacture of face masks, ventilators

The federal government has started discussions with the Manufacturers Association of Nigeria (MAN) to explore the potential for local production of medical consumables such as face masks, gloves, sanitizers, and even equipment like ventilators used in the prevention and treatment of Covid-19 pandemic.

Residents flee as suspected herdsmen invade Ondo community

Suspected Fulani herdsmen have allegedly killed three persons in Arimogija community in Ose Local Government Area of Ondo State.
The government has promised to distribute food to the poor in Lagos to see them through the lockdown, but the challenge is huge . Benson IBEABUCHI AFP

Coronavirus lockdown: Lagos residents panic as shops, markets still open

Some Lagos residents on Friday expressed worry at the opening of some shops in markets, saying that it was generating crowd that could spread coronavirus.
Lagos State Commissioner for Health, Akin Abayomi, on Tuesday asked the passengers who were on the same plane with the lady to self-isolate as he released hotlines to call should they show any symptoms.

Lagos lists affected areas, looking for 2,450 contacts

The Lagos State Commissioner for Health, Prof. Akin Abayomi, says Eti-Osa Local Government Area has the highest number of confirmed cases of COVID-19 in the state.