Chairman, Cement Company of Northern Nigeria (CCNN) Plc, Alhaji Abdul Samad Rabiu, has said the recent business combination between CCNN and Kalambaina Cement Company has positioned CCNN to deliver improved performance in the years ahead. Rabiu, founder and Chief Executive Officer of BUA Group, was honoured with beating of the closing gong yesterday at the […] …
CCNN
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Shareholders approve BUA’s Kalambaina, CCNN merger
Shareholders of Cement Company of Northern Nigeria (CCNN:NL) and BUA Group’s Kalambaina Cement Company at the weekend approved the merger of the two firms, pending final regulatory approval. The approval was sequel to two separate court-ordered Extra-Ordinary General Meetings in Sokoto, Sokoto State. In what is said to be the biggest corporate merger of theRead More …
NSE: Investors move 151.346m shares worth N1.51bn
NAN A total of 151.346 million shares valued at N1.51 billion were traded in 2,356 deals on the Nigerian Stock Exchange (NSE) on Thursday. This was against the 136.731 million shares worth N1.43 billion traded in 2,801 deals on Wednesday, representing 10.69 per cent increase in volume respectively. The News Agency of Nigeria (NAN) reports […]
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Market indicators appreciate by 0.33% on NSE
NAN Trading activities on the Nigerian Stock Exchange (NSE) closed on Thursday on a positive growth, with Lafarge Wapco leading the gainers’ table for the day. The News Agency of Nigeria (NAN) reports that the crucial market indicators appreciated marginally by 0.33 per cent growth. Specifically, the market capitalisation inched N39 billion or 0.33 per […]
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CCNN doubles first quarter profit
Cement Company of Northern Nigeria (CCNN) Plc started this year on a strong footing as profit doubled on the back of improving sales and margins. Key extracts of the interim report and accounts of CCNN for the three-month period ended March 31, 2018 released at the Nigerian Stock Exchange (NSE) showed that sales rose byRead More
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CCNN to pay N1.57b dividend as net profit rises by 157%
The board of directors of Cement Company of Northern Nigeria (CCNN) Plc has earmarked N1.57 billion for distribution to shareholders as cash dividend for the 2017 business year as the cement manufacturing company grew its net profit by 157 per cent. A breakdown of the dividend recommendation indicated that shareholders will receive a dividend perRead More
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CCNN, Dangote Cement drive NSE capitalistion by N37bn
Gains recorded in two cement manufacturing interests namely, Dangote Cement Plc and Cement Company of Northern Nigeria, CCNN, today drove the Nigerian Stock Exchange, NSE, market capitalisation to a positive close after five days of negative activity.
The post CCNN, Dangote Cement drive NSE capitalistion by N37bn appeared first on Vanguard News. …