Despite price losses that outweighed gains, renewed bargain hunting in the shares of International Breweries, Lasaco and eight others lifted the All-Share Index (ASI) by 0.09 per cent.

International Breweries recorded a revenue growth of 32.1% to N46.43 billion in the third quarter of 2021. This is contained in its Q3 2021 financial report, released on the website of the Nigerian Exchange Group (NGX).

Transactions on the floor of Nigerian Exchange Limited (NGX) reversed gains to close on a downturn yesterday as losses in the shares of Eterna, and 16 others dragged market capitalisation by N30 billion.

The bears maintained dominance on the equities market yesterday, as more blue-chip stocks depreciated, resulting in a further decline in market capitalisation by N274 billion.

Mixed sentiments persisted on the nation’s bourse on Wednesday with the market capitalisation dropping N274 billion in six hours of trading due to sell-off of blue chips.

The Nigerian equity market, yesterday, closed transactions for the month of December upbeat, with a gain of N397 billion, driven by price appreciation on BUA Cement and 17 others.

At the end of yesterday’s transactions, investors' losses at the Nigerian Capital market rose to N656 billion. This is even as the market continues to plunge on COVID-19

Amid continued weak, unstable economic outlook and absence of positive market catalysts, the bears dominated the equities market last week, resulting in four trading days of losses.

It's been fun, since July this year, as sport and music freely mix, following Budweiser, a beer brand announced it plans to showcase its uniqueness at creating relevant, grand and memorable experiences with exciting

ith brewing firms unable to pass on rising costs to consumers, they have called on the Federal Government to review its position on excise duty as operators continue to cave under the pressure of increased duty.

International Breweries, a member of AB InBev, the world’s largest brewer has commended Ogun State government for its policies, which are geared towards the growth of businesses. Legal and Corporate Affairs Director, International Breweries, Otunba Michael Daramola said: “Through the government’s favourable business policies, we were able to build a state-of-the-art brewery which was commissioned…

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,…