Business

Unilever Nigeria reports N13.3bn revenue in Q1

Ihesiulo Grace 21 April 2020 0

Unilever Nigeria Plc has released its unaudited report for the period ended 31st March 2020. The Company recorded turnover of N13.3 billion in the period under review. This represents a 46 per cent increase compared to the previous quarter 2019 and a 31 per cent decline compared to N19.2billion

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 dip of 0.84 per cent to close at 27,085.69 points. […]

Business Economy

Equities market begins trading low as indices down 0.74%

Ihesiulo Grace 17 September 2019 0

Temitope Adebayo The Nigerian equities market of the Nigerian Stock Exchange (NSE) resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities. Specifically, the All Share Index (ASI) shed 204.68 points or 0.74 per cent to close at 27,574.32 against 27,779.000 achieved on Friday. Similarly, […]

Banking Business Capital Market Capital Market

NSE records N19bn gain on first trading day in September

Ihesiulo Grace 3 September 2019 0

Motolani Oseni The equities market segment of the Nigerian Stock Exchange (NSE) commenced trading in September on positive note with a marginal growth of 0.14 per cent, which translated to investors’ gain of N19 billion. Specifically, the All Share Index (ASI) rose by 39.28 points or 0.14 per cent to 27,565.09 points. Accordingly, investors gained […]

Business Capital Market Capital Market

NSE –ASI drops by 0.11% over investors sustained sell-offs

Ihesiulo Grace 16 August 2019 0

Motolani Oseni The equities market closed on Thursday trading session on a negative note, as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) slumped by 0.11 per cent on persistent sell-offs. The NSE-ASI fell by 30.18 basis points or 0.11 per cent to 27,052.93 basis points from 27,083.11basis points Accordingly, investors lost N15 billion in value […]

Business

NSE: MTN tops gainers chart amid N275bn infraction payment to FG

Ihesiulo Grace 22 May 2019

…As market capitalization hits N13.30trn Motolani Oseni There was a positive trend at the end of trading activities on the Nigerian Stock Exchange (NSE) on Tuesday, with MTN Nigeria Communications leading the gainers’ chart closing at N131.70 per share, amid payment of N275 billion SIM infractions to the federal government. Also, the market capitalisation which […]

Business

Longer term prospects supported by capital raise

Ihesiulo Grace 27 November 2017 0

Increase to earnings estimates: Unilever Nigeria successfully raised N58.9bn via a rights issue in September, adding 1.96bn shares to the existing 3.78bn shares. Management disclosed that the funds will be used to repay intercompany loans, support working capital and for capacity expansion. Between 2014 and 2016, the company went through challenges, mainly due to the […]

Business

Unilever Nigeria pays N189.2 mln as 2015 dividend

Ihesiulo Grace 12 May 2016 0

Nigeria’s oldest surviving manufacturing organization Unilever Nigeria has declared a dividend of N189.2 million following the approval of the company’s shareholders at the 91st Annual General Meeting of the Company held in Lagos on Thursday, 12th May. The dividend declared amidst a challenging operating year translates to a dividend payout of 5 kobo per ordinary […]

Business

Unilever promises further commitment to sustainable business

Ihesiulo Grace 6 April 2016 0

As part of its continuous commitment to business sustainability in Nigeria, the Managing Director, Unilever Nigeria Plc, Mr. Yaw Nsarkoh, has said the company will continue to step up its capital investment in the country by enhancing its local manufacturing capacity. He said this on Wednesday when he led the Management team of the multinational […]