First HoldCo records 25% oversubscription of rights issue

Nigeria, March 21 -- First HoldCo Plc said its recently concluded rights issue was oversubscribed by 25 per cent as it reported N187.6 billion in subscriptions from existing shareholders even though i... Read More

First HoldCo records,25% oversubscription of rights issue

Nigeria, March 21 -- First HoldCo Plc said its recently concluded rights issue was oversubscribed by 25 per cent as it reported N187.6 billion in subscriptions from existing shareholders even though i... Read More

Nigerian Breweries completes full acquisition of Distell Wines and Spirits

Nigeria, March 21 -- Nigerian Breweries, the local unit of Heineken N.V., bought a further 20 per cent stake in Distell Wines and Spirits Nigeria Limited, enabling it to take full ownership of the com... Read More

Access Holdings, Berger Paints, Total Energies top stocks pick this week

Nigeria, March 17 -- Nigerian stocks retreated by 0.6 per cent last week, following sell pressure on bank, oil & gas and industrial goods stocks. With the audited financial reports of four of the Big... Read More

Transcorp's annual profit surges by 190%

Nigeria, March 13 -- Transnational Corporation Plc (Transcorp) reported a 189.7 per cent rise in net profit for last year, according to its recently released audited earnings report, amid a sharp boos... Read More

Nigeria's cautious monetary policy to bolster stocks in coming months, analysts say

Nigeria, Feb. 26 -- Nigeria's new cautious monetary policy stance, a guiding light for the central bank on its road to holding rates for the first time in years last week, could be a spur for stocks i... Read More

First HoldCo, Prestige Assurance, NPF Microfinance Bank top stocks pick this week

Nigeria, Feb. 24 -- Nigerian stocks continue to ride on a sturdy wave of investor sentiment, which is driving the share prices of lots of equities to their 52-week peak. The momentum could last fairl... Read More

Nigerian treasury bills' yield hits year low at auction after inflation data rejig

Nigeria, Feb. 21 -- Nigerian treasury bill yield touched its lowest point in over a year at an auction on Wednesday, when the central bank set out to raise N700 billion, stretching further a decelerat... Read More

Nascon, FCMB Group, First HoldCo top stock pick this week

Nigeria, Feb. 17 -- Nigerian stocks advanced by 2 per cent last week, extending a bull run that has helped the market return 5 per cent this year on the back of investors' increased interest in indust... Read More

Naira depreciation leaves Nigerian Breweries reporting highest annual loss ever

Nigeria, Feb. 15 -- The local unit of Heineken NV, Nigerian Breweries, continued its FX-induced lossmaking for the second year last year as the manufacturer posted N144.9 billion in net loss after a d... Read More

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