04
OctStock market sheds N671bn, down by 1.19%
It was a bearish session on the floor of the Nigerian stock market on Thursday as The All Share Index was down by 1.19% to close at 97,064.42 points from the previous close of 98,232.39 points. The Market Capitalisation declined by 1.19% to close at N55.777 trillion from the previous […]
25
SepFlour Mills announces proposed acquisition of minority shares by Excelsior Shipping Company Ltd
Flour Mills of Nigeria Plc has notified the Nigerian Exchange and its stakeholders that it has received an offer from its majority shareholder, Excelsior Shipping Company Limited, to acquire all shares held by minority shareholders in Flour Mills. The transaction will be executed through a Scheme of Arrangement between the[…]
24
SepPZ Cussons Nigeria Plc declares N4.65bn loss in Q1
PZ Cussons Nigeria Plc has declared a loss after tax of N4.648 billion for the three months ending August 31, 2024. The manufacturing firm reported revenue of N39.99 billion for this period, representing a 28.7% increase from the N31.07 billion reported in the same period the previous year. Despite the[…]
24
SepPetrol Price Hits N2,500 As IPMAN Shuts Filling Stations Over Seized Trucks
Inter and intra-city transport fares have surged by over 200 percent in Akwa Ibom State due to the closure of petrol stations and other outlets by the Independent Petroleum Marketers Association of Nigeria (IPMAN). Investigations by LEADERSHIP on Tuesday revealed that IPMAN had raised fuel prices to between N2,000 and[…]
