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Capital Market

Femi Otedola Dumps Forte Oil, Notifies The Exchange

Nigerian billionaire businessman, Femi Otedola 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 entitled ‘notification of divestment by the ...

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Nestle, Unilever, Nigerian Breweries Lead Bears On Stock Market

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 of N3.75 to close at N51.25, ...

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Nigeria Stock Market Loses N416 billion In Five Days

The market capitalisation of the Nigerian Stock Exchange (NSE) lost N416 billion in five trading days due to exit of foreign investors following delay in 2018 budget passage. Market statistics obtained by the News Agency of Nigeria (NAN) showed that the market capitalisation, which opened trading on May 21 at N14.660 trillion, shed N416 billion or 2.84 per cent to ...

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NSE: Market Capitalisation Dips By N123 billion On Profit Taking

Highly capitalised stocks on the Nigerian Stock Exchange (NSE) recorded price depreciation amidst profit taking with the market capitalisation dropping by N123 billion on Thursday. The market capitalisation which opened at N14.848 trillion shed N123 billion or 0.83 per cent to close at N14.725 trillion on losses posted by Nigerian Breweries and Dangote Cement. Similarly, the All-Share Index lost 341.56 ...

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Nigeria Equities Shed N236bn To Sell-offs

Activities returned to negative territory on the Nigerian Stock Exchange (NSE) on Wednesday with major blue chips posting price depreciation due to profit taking. PoliticsNGR gathered that Dangote Cement and Total topped the losers’ chart with N9.90 and N9.80 to close at N265 and N240. 20 per share, respectively. Nestle, another highly capitalised stocks, trailed with a loss of N5 ...

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Nigeria Stock Market Records Marginal Growth

Fresh report as transactions on the Nigerian Stock Exchange ended on a cautious note on Wednesday with the All-Share Index increasing marginally by 0.02 per cent. The index rose by 9.92 points or 0.02 per cent to close at 42,158.32 compared with 42,148.40 achieved on Tuesday due to marginal price growth by blue chips. Also, market capitalisation which opened at ...

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Nigeria’s Capital Market Indices Dip by 0.46 %

Nigerian equities dropped further for the fifth consecutive day on the Nigerian Stock Exchange (NSE) with the market indicators dropping by 0.46 per cent. The All-Share Index shed 198.97 points or 0.46 per cent to close at 43,127.92 as against 43,326.89 recorded on Thursday.  The market capitalisation lost N74 billion or 0.46 per cent to close at N15.476 trillion compared ...

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Nigeria Stock Market Bearish As Investors Lose N156bn

Investors in the Nigerian Stock Exchange, NSE, lost a whopping N156 billion following heavy sell-off on the shares of 30 companies.  GlaxoSmithKline led the losers’ chart dropping by 9.67 percent to close at N18.88 from N20.90, followed by Caverton Offshore Group Plc, which went down by 9.41 percent to close at N2.31 from N2.55 per share. Diamond Bank Plc closed as ...

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FCMB Leads 42 Other Stocks On Losers Chart As Equities Continue Downtrend

A total of 43 stocks depreciated in price at the end of transactions today even as profit taking continued into the third day in the week. The losers were dominated by the banking names with the sector accounting for 15 of the losers at the end of the day’s trading. Specifically, FCMB Group, one of the banks that have benefited ...

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Analysts Pick UBA, Access Bank, Five Others As Stocks To Watch In 2018

Investors looking for high returns on investment should consider a diversified portfolio of leading companies in the banking, healthcare, consumer goods, financial services and industrial goods sectors. Analysts at GTI Securities said seven companies including United Bank for Africa (UBA), Access Bank, United Capital, Fidson Healthcare, Flour Mills of Nigeria, Dangote Cement, Lafarge Africa and Zenith Bank should be on ...

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