29
Jan
January 29, 2024
| Equity market gains N4tn as investors position for earning season – Punch |
| The positive sentiments on the Nigerian Exchange were sustained last week, as the All-Share Index crossed the historic 100,000 points mark and investors gained N4.3tn. Buy sentiment was strong in the market, as investors took positions in dividend-paying stocks ahead of the earnings season. The securities of Dangote Cement, Seplat, BUA Cement, BUA Foods and Eterna Plc………………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… .. …. . ……….. ………. …………. . ….. . … …………….……..Read More |
| Industrial goods’ shares gain 96.4% over spike in Dangote Cement •Post N57.9 billion turnover last week – Guardian |
| The Nigerian Exchange Limited (NGX) industrial goods index has emerged as the best-performing sector this year so far, returning a year-to-date (YTD) gain of 96.43 per cent to investors. Also, at the close of transactions last week, the sector led five other indices with 23.2 per cent, buoyed by sustained interest in Dangote Cement (+28.8 per cent) and BUA Cement (+21 per cent)…..,……. … …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| Guinness Reports Strong Performance with 20% Increase in Revenue – Thisday |
| Guinness Nigeria, a leading beverage alcohol company in Nigeria continues to show resilience in the face of a challenging macro-economic environment, characterised by a marked decline in consumer spending due to escalating inflation, continuous naira devaluation and, reduced cash in circulation. The Company has posted a revenue of N142.59 billion for its half-year ended 31 December 2023, a growth of 20 per cent over previous year………… ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| Access Holdings Acquires Majority Stake in ARM Pension Managers – Thisday |
| Access Holdings Plc, the parent body for Access Pensions Limited has announced the acquisition of majority equity stake in ARM Pensions Managers (PFA) Limited. Access Holdings said the development was part of its ongoing growth strategy. Access Golf Nigeria Limited (‘Access Golf’), is a majority shareholder of Access Pensions Limited (‘Access Pensions’) which is a subsidiary of Access Holdings……………………………………………., ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| NAHCO Moves to Boost Export, Unveils N1bn Cargo Processing Facility – Thisday |
| The Nigerian Aviation Handling Company (NAHCO) Plc has demonstrated its commitment towards increasing the volume of goods exported by Nigeria by the unveiling a N1 billion export processing and packaging centre at the Murtala Muhammed International Airport (MMIA), Lagos. The facility will enhance the preservation of farm produce, modernize packaging of perishables in accordance to international standards and also facilitate urgent freighting of the goods to the global market…………………………………………….., ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| Dangote targets production of 61m tons of cement in 2024 – Dailytrust |
| Dangote Cement PLC has projected to increase its cement production from its current 52 million metric tons to 61 million metric tons across the continent before the end of 2024. The president, Dangote Industries Limited, Aliko Dangote, revealed this during a customers and distributors award event held during the weekend in Lagos………………………………………………, ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| FCMB grows profit by 207% to N95bn – Punch |
| FCMB Group has reported a 206.86 per cent increase in its profit for the financial year ended December 2023 to N95.52bn. This was revealed in the unaudited annual report and financial statements filed with the Nigerian Exchange Limited on Friday. FCMB’s profit was boosted by increases in interest and discount income to N355.68bn and fees and commission income to N60.78bn…………………………………………….., ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |