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Dec
December 13, 2023
| Index up by N130b amid gains in MTNN, 23 stocks • BPE unveils plan to list Eleme Petrochemicals, others – Guardian |
| Positive sentiments persisted on the equity segment of the Nigerian Exchange Limited (NGX), yesterday, as increased appetite in MTN Nigeria Communications (MTNN) Plc and 23 stocks lifted market capitalisation by N130 billion. At the close of transactions, the all-share index rose by 237.35 per cent, representing a gain of 0.33 per cent, to close at 71,907.26 points. The overall market capitalisation value gained N130 billion to close at N39.349 trillion………………. ……………………… .. . .,.. ………… …….. ………………… … .. …… .. …. . ……….. ………. …………. . ….. . … …………….……..Read More |
| MTN leases 2,500 tower sites to ATC – Guardian |
| MTN said it has sealed plans to lease 2,500 of its towers to ATC. MTN spoke in reaction to reports, which claimed that IHS Towers had offered it, improved terms for the lease of 2,500 sites that match the terms of ATC, which recently won the contract following a highly competitive bidding process. The telecommunications firm, in a statement, yesterday, said the reports are not true and MTN has not received any revised offer from IHS. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| BPE to list Eleme petrochemicals, others on stock exchange – Dailytrust |
| The Bureau of Public Enterprise (BPE) has revealed plans to list Eleme Petrochemicals Ltd, Nicon Insurance, Nigeria Reinsurance and other privatised companies on the Nigerian Stock Exchange. Director General of BPE, Mr. Alex Okoh who disclosed this in an interaction with newsmen in Abuja yesterday said the plan was in line with the integrated infrastructure master plan.. ,…………… …… …………..,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| Royal Exchange assures shareholders of better deal – Dailytrust |
| Royal Exchange Plc, an underwriting firm, has assured its shareholders of stronger performance and increased returns on investment despite challenges faced in the 2023 financial year. The company gave the assurance at its 54th yearly general meeting held in Lagos. At the AGM themed ‘Overcoming Challenges, Generating Growth’, the Group Chairman of Royal Exchange Plc………………………………………,…………………………………………………………..:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| Coronation Insurance Highlights Relevance of Insurance to Businesses – Thisday |
| Coronation Insurance Plc, has highlighted the relevance of insurance in helping enterprises manage inflation, foreign exchange constraints, and talent flight while protecting assets, processes, and outcomes essential to keeping businesses going in the face of volatility and disruption. Managing Director of Coronation Insurance, Olamide Olajolo, in a recent webinar session organized by the company…………………………………………………………,…………………………………………………………..:,………………. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| Shareholders stop PZ Cussons capital reduction plans – Punch |
| The shareholders of PZ Cussons Nigeria Plc have cancelled their resolutions passed at the 74th Annual General Meeting where they approved a reduction in the share capital of the company. The fresh decision upturning the previous resolutions was passed at the 75th AGM which was held in Abuja according to a statement filed with the Nigerian Exchange Limited on Tuesday. …………………………………………………………,…………………………………………………………..:,………………. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |