Business

Equities market indices down amid Seplat, MTN, 17 others losses

Ihesiulo Grace 19 July 2019 0

Motolani Oseni The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached an all-time low of 27,864.49 due to selling pressure in Seplat, MTN Nigeria and 17 other equities. The equities market index lost 178.31 points or 0.64 per cent to close lower at 27,864.49 against

Business

Equities market ends losing streak with 0.47% gain

Ihesiulo Grace 28 June 2019 0

Motolani Oseni The equities market of the Nigerian Stock Exchange (NSE) on Thursday ended three consecutive trading days loss with 0.47 per cent gains. In summary, the All Share Index (ASI) gained 140.35 absolute points, representing a gain of 0.47 per cent to close at 29,749.35 points. Similarly, the market capitalisation gained N62 billion, to […]

Capital Market

International Breweries receives merger approval

Ihesiulo Grace 31 August 2017 0

The proposed merger between International Breweries Plc (IBPlc) and its two Nigerian subsidiaries has been approved by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE). A regulatory filing on Tuesday by the company via the NSE, stated that under the terms and conditions of the proposed scheme of merger, all the […]

Business Capital Market

International Breweries Q3 2017 43% PAT growth beats analysts’ expectations

Ihesiulo Grace 8 February 2017 0

Against operating challenges and industry headwinds, International Breweries Plc has proved skeptics wrong with its third quarter result for the period ended December 31, 2016, even as exposure to foreign exchange continues. The company’s result beats forecast estimates of investments research firms as it posted boosts in sales as well as growth in gross margin […]