Neimeth Soars by 21% on Renew Interest in Pharma Stocks
Neimeth Plc soared by about 21% on the back of renewed interest in pharmaceutical stocks despite Nigerian Exchange, NGX, negative performance. In the market, the company stock price climbed to N3 as investors sentiment improved, trading sharply against the local...
Dangote Cement Appoints Fapohunda as Group Financial Officer
Dangote Cement has confirmed the appointment of Dr Gbenga Fapohunda as its substantive Group Financial Officer, effective from Jan. 1, 2025. The company confirmed this in a corporate filing released through the Nigerian Exchange Ltd. on Wednesday.
Arvind Pathak, Group Managing Director of...
Thomas Wyatt Hits by Tsunami of Operational, Financial Hiccups
In a year that was fraught with challenges and uncertainties, Thomas Wyatt Nigeria Plc has reported a set of financial results that leave much to be desired, especially when compared to previous years' performances.
For the year ending March 31, 2024, the...
CWG Plc. Growth Trajectory Excites Shareholders
The Computer Warehouse Group (CWG) has once again demonstrated remarkable growth in its financial performance for the year ended December 31, 2024. In its Q4 consolidated financial statements, the company revealed a significant upturn across several key financial metrics, marking the company’s positive trajectory...
Nigerian Breweries Acquires Minority Interest in Distell Wines
Nigerian Breweries Plc has announced acquisition of minority shares in Distell Wines and Spirits Nigeria Limited for an undisclosed amount. In a regulatory filing, the brewer told the Nigerian Exchange Limited its shareholders, and the investing public that it has acquired the...
NASCON Rises as Investors Take Position After Dividend Notice
NASCON Allied Industries (Ticker: NASCON) experienced a significant boost in its stock price, reaching ₦44 per share, marking a 5.9% increase from the previous closing price of ₦41.55.
Early in March, NASCON declared a final dividend of N2.00 for every share of...
Northern Nigeria Flour Mills Climbs by 10% in Fresh Rally
Northern Nigeria Flour Mills (NNFM) stock market price experienced a remarkable surge today, climbing 9.99% to ₦79.8 per share. This pushed the miller’s market value to N14.22 billion, trading at fair discount to its 52-week high.
The significant price surge on...
MTN Nigeria Declines by 7% Amidst Block Trade
Telecommunication Company, MTN Nigeria Plc, lost more than 7% of its market value on the Nigerian Exchange, NGX, in the last seven trading sessions as investors sentiment dropped.
The telecom company had stabilised as market anticipates Q1 earnings to reflect quality of its...
Geregu Power Marked Down for Dividend Ahead of Annual Meeting
The market value of Geregu Power Plc has reduced to N2.853 trillion on the Nigerian Exchange, NGX, after its share price was marked down for dividend payment ahead of the annual meeting on March 28.
The stock, which has remained steady...
Livestock Feed Soars by 22% on Fresh Rally
Livestock Feeds Plc.’s market value soared by more 22% in the equities market due to fresh rally. Its share price reached N110.20 on Friday as more than 2.1 million shares valued at about N21.5 million exchanged hands.
The stock maintained positive postures showing...
