Conglomerates reel under harsh environment
The effects of challenging operating environment has continued to assail the operations of the nation’s conglomerates sector, just as the bottom-line of the industry’s quoted companies in the last few years had remained subdued, occasioned by assessed policy issues. Exacerbated by parlous infrastructure, which has inevitably transferred the high production cost to consumers, the companies…
Guinness, Redstar others lift NSE’s indices by N71b
Guinness Nigeria topped the gainers chart with 10.24 per cent to close at N87.39 per share, while Redstar Express followed with 9.82 per cent to close at N4.81 per share. Air Service gained 4.93 per cent to close at N5.96 per share.
AG Leventis to partner foreign investors on business expansion
AG Leventis has disclosed that the firm is currently discussing with foreign partners to inject fresh capital into the company and revamp its business operations. Speaking at the ‘Facts Behind the figures’ of the company on the Nigeria Stock Exchange...