MTN gains on strong demand as market breaks 8-day losing streak
In what appears to be the start of a bullish run for MTN Nigeria plc, shares of the newly-listed company rallied by 10 percent to N99 on the Nigerian Stock Exchange (NSE).
The listing…
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MTN stock set to rally on perceived scarcity
A record upfront demand for the shares of MTN Nigeria Communications plc from potential investors ahead of its listing on the Nigerian Stock Exchange (NSE) today will cause the price to…
MTN to reawaken buy-side of Nigeria stock market
Amid lingered sell pressure at the Nigerian Stock Exchange (NSE), the listing of MTN Nigeria Communications Plc this Thursday May 16 will no doubt rekindle the buy-side of the equities…
Sahara Energy, Brooge Petroleum target 250,000 bpd refinery in Fujairah
Sahara Energy Resources DMCC Dubai and Brooge Petroleum and Gas Investment Co (BPGIC) and have signed a partnership agreement to set up an oil refinery capable of producing bunker fuel with…
MTN listing to push NSE equities market cap to N12.52trn
The shares of MTN Nigeria Communications Plc will on Thursday May 16 be listed by introduction on the Premium Board of the Nigerian Stock Exchange (NSE).
The listing is anticipated to…
Stock investors lose additional N23bn as sell pressure continues
The Nigerian stock market’s year-to-date (YtD) returns stands at -9.57percent as sell pressure further weighed on list equities. The equities market closed Tuesday May 14, 2019 on a negative…
NSE delists entire issued share capital of Newrest ASL
The Nigerian Stock Exchange (NSE) on Monday May 13, 2019 delisted the entire issued share capital of Newrest ASL. This development is further to the NSE market bulletin of February 27,…
First Aluminium shares for suspension ahead voluntary delisting
Trading on the shares of First Aluminium Nigeria Plc will be suspended tomorrow, Wednesday May 15, 2019 in preparation to the voluntary delisting of its entire Issued Share Capital from the…
Market hits new low as stock investors book additional N141bn loss
The Nigerian stock market opened this week on a negative note as investors booked approximately N141 billion loss at the close of trading on Monday May 13, 2019. This dismal outing on Custom…
Unilever pays N8.62bn dividend
Shareholders of Unilever Nigeria plc at its 94th Annual General Meeting (AGM) commended the company’s management for their commitment to growth as the company declared and got approval to…