11

Sep

Investors gain N343bn as stock market rises by 0.62%

Transactions on the floor of the Nigerian Exchange on Tuesday, September 10th, 2024, closed on a positive note. The All-Share Index appreciated by 0.62%, rising from the previous close of 96,206.46 points to 96,802.80 points. Investors gained N343 billion as the Market Capitalization increased from N55.283 trillion to N55.626 trillion. A total of 406,194,548 units of shares […]

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09

Sep

‘Dangote Petrol to hit market September 15, no guarantee of lower pricing’- NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to commence lifting petrol from the Dangote Refinery on September 15. However, the company has cautioned that there is no guarantee of lower fuel prices. In a statement issued by NNPCL’s Chief of Corporate Communications Officer, Olufemi Soneye, the company emphasized that the pricing of petroleum products,[…]

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09

Sep

FBN Holdings Plc divests from FBNQuest Merchant Bank Limited

FBN Holdings Plc, the parent company of First Bank Nigeria, has announced its intention to divest its 100% equity stake in FBNQuest Merchant Limited. This strategic move aligns with the company’s broader goal of optimizing its portfolio. After a competitive bidding process, EverQuest Acquisition LLP (comprised of Custodian Investments Plc, Aion Investment, and Evercorp Industries) emerged as[…]

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