MTN Nigeria Communications Plc has notified he Nigerian Exchange and the investing public that its shareholders at the Extraordinary General Meeting have approved the cancellation of 7.5 billion unissued shares.
The shareholders of the telecom giant also approved the cancellation of over 402 million preference shares of $0.005 each.
Source: MTN Nigeria to cancel 7.5bn uninssued shares – StocksWatch (stocksng.com)
The Nigerian stock market rebounded last week after four consecutive sessions of losses, posting a ₦985 billion gain on the back of price growth in 70 equities. The All-Share Index (ASI) advanced by 1.13%, closing at 140,545.69 points, compared to 138,980.01 points in the previous week. Similarly, market capitalization rose by 1.12% to settle at ₦88.922 trillion, […]
The Nigerian equity market on Thursday closed on a positive note as The All Share Index moved up by 0.21% to close at 140,665.84 points from the previous close of 140,365.36 points. Investors gained N191 billion as the Market Capitalisation grew by 0.22% to close at N89.004 trillion from the previous close of N88.813 trillion. An aggregate[…]
