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…

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…

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,…

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…

Following renewed bargain-hunting in most highly capitalized stocks, the five-day bearish run in the Nigerian stock market was halted at the end of transactions yesterday, as the All-share index appreciated marginally by 0.2 per cent.

Despite improved corporate performance, the bears strengthened their hold on the equity sector of the Nigerian Stock Exchange (NSE) yesterday, as the All-share index (ASI), plunged further by 0.9 per cent.     Specifically at the close of transactions, ASI depreciated by 287.85 absolute points, representing a dip of 0.90 per cent to close at…

Following price losses recorded by most bluechip companies, equity transactions reopened on a bearish note yesterday, causing market capitalisation to plummet by N32 billion.

Continued share price depreciation on the equity sector of the Nigerian Stock Exchange (NSE), yesterday pulled the market capitalisation further down by N110 billion.

Managing Director of Okomu Oil Palm Company, Dr. Graham Hefer, has commended the Edo State Government for her commitment in ensuring a business friendly environment for the smooth operations of the company. He gave the commendation yesterday during the commissioning of the company’s Extension 2 plantation in Ovia North East/ Uhunmwonde Local Government Council in…

The Federal Inland Revenue Service (FIRS) has been enjoined to always cross-check its records before sealing up business premises for alleged tax evasion. Okomu Oil Palm Company Plc in Ovia Local Government Area of Edo State, said this in a statement issued in Benin City by its communication officer, Mr. Fidelis Olise. The company’s managing…

Equity transactions on the Nigerian Stock Exchange (NSE), continued in an upward note yesterday, following price gains by major highly capitalised stocks...

Okomu Oil Palm Company has splashed over N15 Million in cash on over 40 workers for their commitment and dedication to work. Also, the International Institute of Journalism (IIJ) Benin Study centre has honoured the Managing Director of the company, Dr. Graham Hefer, with an outstanding media recognition award. Communication officer, Okomu Oil Palm, Fidelis…