Banking Business Economy Money Money

Equities market declines by N112bn over investors sustained profit-taking

Ihesiulo Grace 4 October 2019 0

The equities market segment of the Nigerian Stock Exchange (NSE) on Thursday continued on a downward trend as investors’ investment declined by N112 billion on the back of sell-offs in high capitalised stocks. The All Share Index (ASI) decreased by 229.18 absolute points, representing a

Business

Equities market bearish trend continues with 1.30% decline

Ihesiulo Grace 7 June 2019

Temitope Adebayo Following a two-day public holiday declared by the federal government of Nigeria to mark this year Eid-el-Fitri celebration, trading on the Nigerian Stock Exchange (NSE) resumed yesterday on a bearish trend, as All-Share Index lost 401.22 points or 1.30 per cent to close at 30,527.07 compared with 30,928.29 recorded on Monday. Also, the […]

Business

NSE delists Newrest ASL, as equities market sheds N141bn

Ihesiulo Grace 14 May 2019

Ladesope Ladelokun Amid sell pressure and delisting of Newrest ASL from three official list, the equities market of the Nigerian Stock Exchange (NSE) opened for the week on Monday still on a bearish trend, with the market capitalisation shedding N141 billion, representing a dip of 1.30 per cent to close at N10.701 trillion against N10.842 […]

Business News

Ensure consumers get value for money, others, SON tells Guinness

Ihesiulo Grace 21 November 2018 0

Director-General, Standards Organisation of Nigeria (SON), Osita Aboloma Esq. has challenged the Management of Guinness Nigeria Plc to ensure that Nigerian Consumers get value for money at all times while also ensuring their safety. This admonition was given at the end of a facility tour of Guinness Breweries factory in Ogba, Lagos by a SON […]

Business

Guinness Nigeria signs MoU with Wecyclers on waste management

Ihesiulo Grace 10 April 2018 0

Guinness Nigeria Plc, the leading total beverage alcohol company in Nigeria has partnered with Wecyclers, a for-profit social enterprise that promotes environmental sustainability, socioeconomic development, and community health to support Guinness’ waste management agenda. The partnership is expected to, among other things, help support the implementation of Guinness

Entertainment Metro

Guinness making Plateau fun at yuletide, promotes local artists

Ihesiulo Grace 31 December 2017 0

The Guinness Nigeria Plc Consumer Promo (NCP), has put a lot of smiles on the faces of the teeming youths in Plateau State. The promo tagged, “A Fun Environment For Christmas”, is the first of its kind in the city of Jos, embarked by the company, aimed at rewarding youths, professionals, ladies and men whom […]

Business Headlines

Guinness Nigeria files defence against Pharma Deko, rejects debts claims of N175.7m

Ihesiulo Grace 18 February 2017 0

Guinness Nigeria has said its its solicitors have filed a robust defence to Pharma Deko’s claims in court. Pharma Deko which alleges that Guinness Nigeria is contractually indebted to Pharma Deko in the sum of N175, 699, 317.99 representing an arbitral award made against the company and in favour of Pharma Deko Plc, also suggests […]

News

Pharma-deko seeks winding-up of Guinness over N175m Debt

Ihesiulo Grace 17 February 2017 0

Hearing in a winding-up petition filed against Guinness Nigeria Plc, over N175.7 million, by a pharmaceutical company, Pharma-Deko Plc, has been fixed by a Federal High Court, Ikoyi, Lagos. Justice Hadizat Rabiu-Shagari on Thursday fixed March 28. 2017 for hearing.In the winding-up petition suit marked FHC/L/CP/69/2017, filed before the court, by Mrs. E. Etomi, of Chief

Business Capital Market

Guinness Nigeria N9.94 billion inventory reflects inability to push sales…Analysts

Ihesiulo Grace 27 January 2017 0

Irrespective of Guinness Nigeria’s rise in revenue to N59.49 billion in half-year 2017 from ₦49.83 billion in Q2 2016, analysts have expressed concern on the company’s 52.92 percent rise in inventory. The company’s earnings update for Q2 ended 31 December 2016 recently released by the Nigerian Stock Exchange (NSE) which showed a positive  growth  of  19.37