Stakeholders link persistent lull to delayed economic agenda
Capital market stakeholders have linked the persistent lull in the nation’s bourse to delay by the new Presidential Economic Advisory Council (PEAC), to implement economic roadmap since the October 9th inauguration.
Brewers groan, unable to pass excise duty costs to already burdened consumers
With competition from cheaper brands and sachet alcoholic drinks, brewing firms in the country are groaning under the burden of excise duty as they struggle to manage costs that would have hitherto been passed to consumers.
Investors lose 1.7 per cent in five-day bearish trading
The free fall of equities on the Nigerian Stock Exchange (NSE) worsened at the close of transactions last week, as the benchmark All-Share Index (ASI) recorded five consecutive days of losses, breaking down its October 3, 2019, strong support level of 26,789.38 basis points.
Nigerian Breweries honours 2018 Maltina Teacher of the Year, donates classrooms to school
Nigerian Breweries (NB) Plc has handed over a new model block of six furnished classrooms, with a library and toilet to the Government Day Secondary School...
Stock market reopens bearish as investors lose N156 billion
Following price losses suffered by the bellwethers, equity market resumed trading for the month on a bearish note, causing investors’ wealth...
Stock market index sustains sliding profile, down by 0.7%
The reign of the bears continued unabated on the equity sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks constituted the losers chart, resulting to a further slide in the All-share index by 0.7 per cent.
Firm threatens court action against NB Plc
Evanpower Engineering Limited has threatened to drag Nigerian Breweries (NB) Plc to court over alleged usage of its Intellectual Property without pay. The company, in a petition by its Counsel, A.U.G Ojinta to the Managing Director of the Nigeria Breweries Plc, demanded for the payment of N750m and N3.7m as fees for the blueprint design…
Mothers of kids with cerebral palsy get business grants
The Initiative for National Growth Africa (INGA) in conjunction with Let Cerebal Palsy Kids Learn Foundation at the weekend held a creative arts session for the children living with special needs and an empowerment programme for their mothers. According to the organizer, Ms. Racheal Inegbedion, the project was to provide talent development for children living…
Stock market reopens bearish as indices plunge by N206b
Following price losses incurred by most blue-chip stocks, transactions on the trading floor of the Nigerian Stock Exchange (NSE) reopened on a downturn yesterday, causing market capitalisation to plunge further by N206 billion. Specifically, at the close of transactions yesterday, the All-share index (ASI) shed 513.92 absolute points, representing a decline of 1.66 per cent,…
Wema Bank, Presco, others lead stock market’s N95 billion loss
The bears sustained hold on the equities sector of the Nigerian Stock Exchange (NSE) yesterday, as more blue-chip stocks depreciated in price, especially Wema Bank and Presco, causing the All-Share Index to decline further by 0.01 per cent. Specifically, the All-Share Index shed 3.46 absolute points, representing a dip of 0.01 per cent to close…