Stock market sustains rising profile as index gains N22 billion
The bulls strengthened hold on the equities sector of the Nigerian Stock Exchange (NSE), extending rally to five consecutive trading sessions, and caused market capitalisation to increase further by N22 billion.
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.
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…
Presco, GTB, others lead stock market’s N2 billion gain
Transactions on the equities sector of the Nigerian Stock Exchange (NSE ) closed in an upbeat yesterday to halt three successive sessions’ negative trend, as price gains recorded by many blue-chip companies, especially Presco and Guaranty Trust Bank...
Sell-off persists on NSE, as index plummets further by 0.7%
By The Nigerian Stock Exchange (NSE) yesterday plunged further by 0.7 per cent, extending bearish run to a third consecutive session amid sustained sell-off. The All-Share Index (ASI) yesterday, dipped by 209.41 absolute points, representing a decline of 0.67 per cent, to close at 30,829.45 points. Similarly, market capitalisation shed N79 billion, to close at…
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…
Election anxiety drags stock market index further by 1.2%
Sell pressure ahead of the 2019 election has continued to propel volatility on the equity sector of the Nigerian Stock Exchange (NSE), as the All-share index recorded a loss of 1.2 per cent.
Presco, Edo community bicker over alleged land grabbing
The management of Presco Plc has distanced itself from any form of land grabbing activities as being alleged by some youths and indigenes of Orogho community in Orhionmwon Local Government Area of Edo State. Public Relations Manager/Head of Administration of Presco Plc, Mr. Anthony Uwajeh told The Guardian that the company was not aware of…
Presco investment in rubber to boost forex earnings
Presco Plc has said its new investment in rubber will attract foreign exchange (forex) earnings into Nigeria, and boost business expansion.
Presco targets 15,000 hectares in Edo State
Presco Nigeria Plc has set aside 15,000 hectares for cultivation in Edo State, as part of its ongoing expansion exercise.The Managing Director, Felix Nwabuko, explained that with the cultivation of over 8,000 hectares in two years, it would take just another year...