Transcorp
NSE: Investors lose N118 billion on renewed profit taking
Investors on the Nigerian equities market yesterday lost N118 billion as the market reversed its previous session gains on renewed profit-taking.
NSE closes week in red, down by 1.40%
The market indices of the Nigerian Stock Exchange (NSE) closed in red on Friday, dropping by 1.40 per cent due to Dangote Cement price drop.
NSE’s capitalisation drops further by N112bn on profit taking
The local bourse sustained its negative run on Thursday recording the fourth consecutive loss, following profit taking in Dangote Cement, Zenith Bank and United Bank for Africa stocks.
Profit taking: NSE market indices drop further by 0.10 percent
Nigeria’s bourse on Wednesday sustained its bearish performance for the third consecutive trading day, with the market indicators dropping further by 0.10 per cent.
Trading rebounds on NSE, up N50 billion
Transactions on the Nigerian Stock Exchange (NSE) rebounded on Wednesday by N50 billion, halting two consecutive days bearish trend due to sustained bargain-hunting in insurance stocks.
Nigeria’s oil capacity to rise by 3,500 bpd
Nigeria’s oil production capacity is set to increase by additional 3,500 barrels per day, bpd, following the expected coming on stream of Ata Field in the Second Quarter (April-June) of 2021.
TNOG acquires 45% of OML 17 from Shell, Total, ENI
Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, on Friday announced the “unconditional acquisition” of a 45 percent participating interest in OML 17 through TNOG Oil and Gas Limited, their associated company.
NSE: Nigerian stocks maintain bullish trend for fifth straight day
Equities on the Nigerian Stock Exchange generally posted their fifth consecutive daily gains on Thursday as leading stocks including Seplat, Dangote Cement and MTNN propelled the N325 billion upward drift.
Nigerian stock exchange resumes 2021 with N459 billion growth
The Nigerian Stock Exchange (NSE) resumed trading in 2021 on a bullish trend with the All-Share Index surpassing the 41,000 mark, as investors continued to position ahead of full-year results and dividend declaration.
Nigeria stock market advances by N214 billion
Nigeria extended bullish posture on Wednesday with the market capitalisation increasing further by N214 billion on sustained bargain hunting of blue chips.
Nigeria stock market gains N334 billion on Dangote Cement share buyback
The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks.
Profit taking persist on NSE, market capitalisation loses N232 billion
Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion.
NSE closes last trading day in November with 0.45% growth
The nation’s bourse closed for the last trading day in November with a growth of 0.45 per cent following price appreciation posted by Airtel Africa and 16 other stocks.
NSE sustains positive momentum with 0.10% growth
The Nigerian Stock Exchange (NSE) on Thursday sustained positive momentum with a growth of 0.10 per cent.
NSE opens week with 0.04 percent loss
The domestic equities market on Monday extended its losing streak with the All-Share Index dropping by 0.04 per cent, as the country officially entered recession.
Nigeria stock market loses N265 billion on banks’ unimpressive Q3 results
The Nigerian Stock Exchange market indicators on Friday dropped further by 1.46 per cent due to unimpressive third quarter results released by some banks.
Nestle, Dangote top losers as Nigerian stocks lose N279 billion
Nigerian Stock Exchange closed southward on Tuesday for the second consecutive day, with market capitalisation shedding N279 billion.
Nigerian government hands over Afam Power Plant to Transcorp Consortium
In a bid to accelerate reforms in the power sector, the Federal Government Thursday singed sale and purchase agreement for the Afam Power Plant with one of Nigeria’s leading corporations, Transcorp, in Abuja.
Tony Elumelu named in 2020 TIME100
TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world. The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals. Mr Elumelu, who is one of only four Africans on the 2020 list, is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.
Transcorp to disengage 40 percent of workforce
At least 40 per cent of the staff of Transcorp Hilton Hotels will have to be disengaged if it is to survive the impact of the coronavirus pandemic on the global hospitality and tourism industry, its managing director/chief executive, Dupe Olusola, announced on Thursday.
Equities market advances by N37 billion
The Nigerian Stock Exchange (NSE) market capitalisation on Friday improved further by N37 billion following price growth in some blue chips.
US estimates £1.4 billion bill to remove Huawei, ZTE gear
US rural telecommunications companies that rely on federal subsidies would have to spend at least $1.837 billion ($1.4bn) to remove and replace equipment from Huawei and ZTE, the country’s telecoms regulator has estimated.
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Israeli study: South African coronavirus variant may evade protection from Pfizer vaccine
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Southeast governors lunches regional security outfit
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UN expresses worry over violence against women in Nigeria
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Five killed in Ondo auto crash, robbery attack
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Azman Air apologises to NCAA chief over false accusations
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NUJ to partner British Council on training of journalists
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Presidency: Nigeria, AfDB setting up $500 million fund for tech, creative sectors
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Police deploy officers for Lagos marathon
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