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Companies
Dangote Cement shares down 8.6%, most since Jan 2016
Market bellwether Dangote cement lost heavily in today’s trading as the share price fell by the most since 2016.
The shares which fell by 8.6 percent closed at N170 per share to drag down…
ABRAAJ agrees to convert Aureos Africa Fund of $10m loan stock in C&I Leasing to…
Representatives of ABRAAJ - managers of the Aureos Africa Fund have confirmed their intention to convert the loan stock of a matured $10million unsecured, coupon redeemable, convertible loan…
Godsmart Nigeria becomes majority shareholder in NAHCO
The Nigerian Stock Exchange (NSE) has been notified that Godsmart Nigeria limited now holds 26.95percent of the issued and paid up share capital of the Nigerian Aviation Handling Company Plc…
Julius Berger takes early lead as stock jumps 15.9%
Julius Berger has got off to a good start this year, with the construction company’s share price rising 15.92 percent since the turn of the New Year.
That makes it the best performing…
Beta Glass delivers better returns for shareholders
Beta Glass Plc, one of Nigeria’s glass makers, has provided shareholders with a larger return on their investment inform of dividend and share appreciation.
Little wonder the glass maker…
Chapel Hill Denham Nigeria Infrastructure Debt Fund delivers 22.2% return in 2018
Investors who parked their cash in the Nigeria Infrastructure Debt Fund (NIDF), managed by Lagos-based investment bank, Chapel Hill Denham, just saw off a 2018 to remember for good.
In a…
Companies face higher borrowing costs in 2019
Again, the private sector is at risk of being crowded out by government borrowing in 2019 in bad news for an economy still struggling to find its feet after a scathing recession.…
SHIN achieves first oil on 200,000bpd Egina FPSO
Samsung Heavy Industries Nigeria Limited (SHIN) says it has successful achieved the first oil on the 200,000 barrels per day-capacity Egina Floating Production Storage Offloading (FPSO)…
BUA, CBMI sign agreement to build new 3m Kalambaina Cement II plant in Sokoto
Less than one week after the listing of shares from the almost $1 billion merger between BUA Kalambaina Cement Company and Cement Company of Northern Nigeria where it also assumed majority…
Huge debt profile: MFB threatens debtors with EFCC
Worried by its huge debt profile, the management of Afemai Microfinance Bank (AFMB) Limited has threatened to drag customers to the Economic and Financial Crimes Commission (EFCC).
Pius…