CAPITAL MARKET AXA Mansard appoints three non-executive directors AXA Mansard Insurance has notified the general public that it has appointed two new non-executive directors and an independent non-executive director. The two non-executive directors are Mr Thomas Hude and Ms Latifa Said as new while Ms Abiola Bada was appointed independent non-executive director, according to a…
CAPITAL MARKET Mutual Benefits’ capital base hits N20bn Mutual Benefits Assurance Plc said the group’s capacity to underwrite bigger insurance risks has continued to increase as its capitalisation has reached N20bn. The Chairman of the company, Dr Akin Ogunbiyi, said this during the group’s 26th annual thanksgiving service in Lagos. He said that Mutual Benefits…
CAPITAL MARKET BUA Foods’ nine-month profit rises to N21.25bn BUA Foods Plc has reported an operating profit of N21.25bn for the nine months ended September 30, 2021, up from N18.96bn in the same period a year earlier. The company, which was listed on the Nigerian Exchange Limited early this month, said on Tuesday that its…
CAPITAL MARKET BUA Foods to engage Capital Market stakeholders The latest company to have its stock listed on the Nigerian Exchange Limited (NGX), BUA Foods Plc would be engaging with Capital Market stakeholders today. According to a filing obtained from the exchange’s website, the newly listed company has invited market stakeholders to its engagement which…
CAPITAL MARKET Dangote Cement Stock Price Hits 2022 High over Proposed 170m Shares Buyback The stock price of Dangote Cement Plc hits 2022 high yesterday amid the management proposed plans to repurchase 170,003,074 ordinary fully paid-up ordinary shares of 50kobo each from shareholders in the second tranche of its share buyback programme. The buyback presents…
CAPITAL MARKET Stock Market Begins Week Positive, Gains N28bn The market capitalisation o f the Nigerian Exchange (NGX) yesterday rose by N28 billion amid sustained investors bargain hunting in 28 stocks. The NGX All-Share Index (ASI) increased by 42.71 basis points or 0.10 per cent to close at 43,897.13 basis points. Similarly, the overall market…
CAPITAL MARKET BUA Foods lists 18 billion shares on stock exchange BUA Foods Plc was on Wednesday listed on the Main Board of the Nigerian Exchange Limited, with its total issued capital admitted to trading. A total of 18 billion ordinary shares of BUA Foods were listed at N40.00 per share under the consumer goods…
CAPITAL MARKET Value of 10 Highly Cap Stocks Gain N532.66bn Amid Decline in Others in 2021 On the backdrop of closing positive in 2021, the value of 10 most capitalised stocks on the Nigerian Exchange Limited (NGX) gained N532.66billion despite the decline in BUA Cement, Stanbic IBTC Holdings Plc, Guaranty Trust Holdings Plc (GTCO) and…
CAPITAL MARKET Seven Companies Delist, Three Lists on NGX in 2021 A total of seven companies delisted and three were listed on the Nigerian Exchange Limited (NGX) in 2021 amid expectation that the stock market might close the year positive. The stock market before the two-day public to mark the Christmas celebration in its Year-till-Date…
CAPITAL MARKET May and Baker Records N8.1bn Revenue Growth May and Baker has recorded a total revenue growth of N8.1billion for the nine months ended September 30 2021as against N6.4billion recorded in the comparable period of 2020, represented about 25 per cent increase. Speaking to journalists in Lagos, during the company’s media luncheon, the Managing…