Champion Breweries, Eterna others drag capitalisation by N83b
The Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses incurred by most blue-chip stocks, especially by Champion Breweries and Eterna Plc, as market capitalisation depreciated by N83 billion.
NGX sustains rising profile as index appreciates further by 0.13%
Transactions on the Nigerian Exchange Limited (NGX) sustained a rising profile yesterday, causing the All-Share Index (ASI) to appreciate by 0.13 per cent.
Equity loses N2bn after seven sessions of gains
The Nigerian equities market closed on a downward note yesterday as market capitalisation depreciated by N2 billion.
Stock market reopens bearish as index drops by 0.01 per cent
After seven trading sessions of gaining streak, price losses recorded by most bluechip stocks dragged the All Share Index (ASI) by 0.01 per cent.
Market indices soar higher with N1.377 trillion on BUA listing, others
Market capitalisation of the Nigerian Stock Exchange (NSE), soared significantly by N1.377trillion, as the total equities capitalisation rose to N15.164 trillion, following yesterday’s listing of BUA Cement Plc’s on the floor of the Exchange. The upturn was also impacted by gains recorded in medium and large capitalised stocks, amongst which were; Dangote Cement, MTN…
Brewers move to pass extra alcohol duty to consumers
Unable to bear the burden of excise duty on their businesses and another proposed upward review in alcohol tax, brewing firms are exploring modalities to pass on costs to consumers, having paid over N50 billion to the Federal Government in the last nine months. The government had introduced a new excise regime on June 4,…
Champion Breweries grows revenue to N4.8 billion
Champion Breweries Plc has grown its revenue to N4.8b as against N3.9 billion recorded in the previous year, putting the company on the path of sustained growth. Disclosing the company’s operating results and performance in its just concluded financial year which ended December 31, 2017, Chairman, Dr. Elijah Akpan noted that deliberate steps are…