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Stock investors lose N246bn in 2 days

Stock investors lose N246bn in 2 days

Chinwendu Obienyi Following sell-offs in banking stocks, proceedings on the floor of the Nigerian Stock Exchange (NSE) recorded second consecutive loss as N246 billion was shaved off in two days. The All-Share Index (ASI) dropped 0.96 per cent to close at 30,771.32 points while Year-to-Date (YTD) performance extended to -2.1 per cent. The market capitalisation, […]
The post Stock investors lose N246bn in 2 days appeared first on The Sun Nigeria. …

Bank fines, Adeosun’s scandal rocked financial sector in 2018

Bank fines, Adeosun’s scandal rocked financial sector in 2018

In 2018, double-digit inflation roiled the economy just as the foreign exchange (forex) market was under steady intervention of the Central Bank of Nigeria (CBN) in order to keep the Naira within the N360 band to the US dollar. Aside the money market, the capital market too was rocked by constant outflows as election uncertainties […]
The post Bank fines, Adeosun’s scandal rocked financial sector in 2018 appeared first on The Sun Nigeria. …

Stocks close 2018 bullish

Stocks close 2018 bullish

Following strong investors’ sentiment in the shares of Dangote Cement, Nigerian Breweries and Seplat, the last trading session of 2018 at the Nigerian Stock Exchange (NSE) closed on a positive note. Consequently, the All-Share Index (ASI), which opened at 31,430.50 points, rose by 392.78 basis points or 1.27 per cent to settle at 31,430.50 points […]
The post Stocks close 2018 bullish appeared first on The Sun Nigeria. …

Femi Otedola sells off stake in Forte Oil

Femi Otedola, Nigerian billionaire, is set to sell his 75 per cent direct and indirect shareholdings in Forte Oil. This was revealed by the Nigerian Stock Exchange in a statement on its website on Monday. The statement was signed and made available to reporters by Akinleye Olagbende, the General Counsel of the company. The statement […]
The post Femi Otedola sells off stake in Forte Oil appeared first on Tribune Online. …

Femi Otedola sells Forte Oil

Nigerian businessman, Femi Otedola, has agreed to sell the entirety of his 75 per cent direct and indirect shareholdings in Forte Oil. In a letter sent to the Nigerian Stock Exchange and signed by Akinleye Olagbende, the general counsel of Forte Oil, Otedola said he was divesting from the company in order to “explore and […]
The post Femi Otedola sells Forte Oil appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …

Breaking: Panic at Lagos airport as fire guts Forte Oil filling station

Breaking: Panic at Lagos airport as fire guts Forte Oil filling station

Louis Ibah The domestic terminal of the Murtala Muhammed International Airport Lagos has been thrown into panic following a fire outbreak at a Forte Oil Filling station located within the premises of the airport. As at the time of filling this report, the immediate cause of the fire is yet to be ascertained but fire […]
The post Breaking: Panic at Lagos airport as fire guts Forte Oil filling station appeared first on The Sun Nigeria. …

Nestle, Unilever, Nigerian Breweries dominate bears on NSE

Nestle, Unilever, Nigerian Breweries dominate bears on NSE

Activities on the Nigerian Stock Exchange (NSE) for the third consecutive day on Wednesday closed on a negative trend, with Nestle leading the laggards’ table. Nestle, one of the highly capitalised equity, topped the losers’ chart with a loss of N10 per share to close at N1,500 per share. Unilever trailed with a loss ofRead More
The post Nestle, Unilever, Nigerian Breweries dominate bears on NSE appeared first on The Nation Nigeria. …

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