31

Oct

Market extends losses, sheds N21bn

The Nigerian Stock Market on Wednesday declined further as the All Share Index dropped by 0.04% to close at 98,023.23 points from the previous close of 98.058.07 points on Tuesday. Market Capitalisation was down by 0.04% to close at N59.397 trillion against Monday’s close of N59.418 trillion, shedding N21billion. The aggregate volume and value of traded stocks […]

31

Oct

Transcorp Plc Completes Share Reconstruction

Transcorp Plc has successfully completed a share reconstruction aimed at optimizing shareholder value. The process involved a 1-to-4 share consolidation, reducing the total number of issued shares from 40.6 billion to 10.2 billion. While the number of shares decreased, the total value of shareholders’ investments remains unchanged. Owen D. Omogiafo OON, President/GCEO of Transcorp Plc, explained that[…]