Okomu adds 1,250 new jobs with smallholder farmers’ scheme
Okomu Oil Palm Company is set to add 1,250 new jobs to the Edo State economy with the rollout of a smallholder farmers’ scheme in collaboration with 2SCALE, involving cooperatives, and spanning four local government areas on the back of Governor Godwin Obaseki’s agricultural reforms. Okomu Oil disclosed this in Benin City, at the…
Profit-taking drags stock indices further by N38 billion
Profit-taking continued to take a toll on the equities sector of the Nigerian Stock Exchange (NSE), extending negative sentiment to three consecutive trading days, causing market capitalisation to slide further by N38 billion. Yesterday, the All-Share Index (ASI) decreased by 72.41 absolute points, or 0.28 per cent to close at 25,424.91 points. Similarly,…
Gains in bellwethers lift market index further by N136 billion
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), continued upbeat yesterday, as more high value stocks constituted the gainers’ chart, resulting to a further rise in market capitalisation by N136billion.
Okomu Oil MD commends Obaseki on EDOGIS initiative’s ease of getting C-of-Os
Managing Director of Okomu Oil Palm Company Plc, Dr. Graham Hefer, has commended Edo State Governor Godwin Obaseki, describing him as a true technocrat for unveiling the Edo Geographic Information Services (EDOGIS).
Bellwethers pushes stock market index by 0.02%
The Nigerian equities market recorded marginal appreciation yesterday, occasioned by gains in some blue chip stocks, as index increased 0.02 per cent.
Market reverses previous gains as index plummets by N188 billion
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), reversed past positive trading sentiment to reopen on a downturn yesterday, causing market capitalisation to slump by N188 billion.
Bearish sentiments in highcap stocks pull indices down by N9bn
The bearish sentiments witnessed in the Nigerian equities market extended into the third consecutive session, as sell pressure in highly capitalised stocks persisted, resulting to a further slide in market capitalisation by N9 billion. Specifically, at the close of trading yesterday, the All -Share Index (ASI) shed 19.89 absolute points, representing a dip of…
Our demands from the government, by POFON
Executive Secretary of the Plantation Owners Forum of Nigeria (POFON), Mr Fatai Afolabi, spoke with FEMI IBIROGBA on what the forum demands from the Federal Government through its agencies. Members of the forum are large-scale palm plantation firms, such as Okomu PLC, PresCo PLC, PZ Wilmar, Agripalm, Dufil, Aden Rivers and others. Its president is…
NSE’s index sustains sliding profile, down by 0.4 per cent
Transactions on the equity sector of the Nigerian Stock Exchange (NSE), sustained the sliding profile yesterday, as more bellwether stocks depreciated in price, resulting to a further slide in the All-share index by 0.4 per cent. Tuesday, the All Share Index (ASI) fell by 100.46 points or 0.34 per cent to 29,096.41 points. Accordingly,…
Post-election apathy, liquidity shortfall pare investors’ fortune
A significant shortfall in availability of cash at the disposal of money market operators, occasioned by increased post-election apathy, has continued to fuel persistent sell pressure on the equities sector of the Nigerian Stock Exchange (NSE), causing investors’ wealth to plunge further by 2.5 per cent as at Friday. A review of market performance last…