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Nov

Market sheds N19bn as NGXASI declines by 0.08%

The equity market on Thursday closed on a bearish note as the All Share Index declined by 0.08% to settle at 44,011.22 points from the previous close of 44,046.94 points. The Market Capitalisation declined by 0.08% to close at N23.972 trillion from the previous close of N23.991 trillion, thereby shedding N19 billion. An aggregate of 97.7 million […]

Vitafoam to cancel 1.149bn unissued ordinary shares

Vitafoam Nigeria Plc have got shareholders’ approval for company’s proposal to cancel 1,149, 155,936 unissued ordinary shares of 50 kobos each. The shareholders approved this during Vitafoam’s Extra-Ordinary General Meeting (EGM), in compliance with a recent adjustment to the law regulating companies in the country. The Company Chairman, Dr Bamidele Makanjuola at the Extra-Ordinary General Meeting stated thus:[…]