Author Archives: Ruth Omoteso

The Nigerian Exchange last week closed lower by 0.13%, occasioned by profit taking in Airtel Africa, Dangote Cement and 36 other equities. The All Share Index declined by 0.13% week on week to close at 47,140.48 points from the previous close of 47,202.30 points. The Market Capitalisation declined by 0.12% week on week to close at N25.406 […]

Nigeria and five other African countries have been chosen to begin production of COVID-19 vaccines, with the continent having had limited access to jabs. Director-General of the World Health Organisation, Tedros Ghebreyesus, announced on Friday announced the first six African countries that will receive technology from the hub to produce their own mRNA vaccines. The countries include:[…]

Nigerian Breweries on Friday declared a final dividend of N1.20 for the year ended 31 December 2021. The Group reported a turnover of N437.285 billion, up by 29.74% from N337.046 billion reported in 2020 financial year. Profit after tax grew year and year by 71.98% to N12.672 billion from N7.638 billion profit reported the previous year. Earnings[…]