03

Feb

Presco to acquire 100% equity stake in Siat Nigeria Limited.

Presco has made an offer to Siat SA to acquire 100% of the 7,330,965,143 ordinary shares of Siat Nigeria Limited held by SIAT SA for a cash consideration of N21 billion . This translates to a price of approximately N2.865 for each ordinary share in Siat Nigeria Limited. As a result of the Acquisition, SNL will become a wholly […]

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03

Feb

Oando gives explanation on delayed release of Audited Financial Statements

Oando Plc has notified the Nigerian Exchange and the investing public with an update on the delay in the release of its Audited Financial Statements.In a statement available on the website of the Nigerian Exchange, Oando Plc stated thus:“Reference is made to the Press Release of the Company dated December 7, 2020, at which the Company informed[…]

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03

Feb

NGX Daily Equity Market Report, Feb 1 2022

The Nigerian stock market on Tuesday closed on a bullish note as the All Share Index appreciated by 1.04% to close at 47111.21 points from the previous close of 46,624.67 points.Investors gained N263 billion as the Market Capitalisation grew by 1.05% to close at N25.387 trillion from the previous close of N25.124 trillion.An aggregate of 341.52 million[…]

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