Investors gain N349bn as stock market rebounds with 0.63% growth
The Nigerian stock market bounced back last week, driven by appreciation in the prices of 56 stocks led by Oando Plc. The All Share Index and Market capitalization rose by 0.63% to settle at 96,579.54 and N55.478 trillion respectively. An aggregate of 2.8 billion units of shares were traded in […]
NPF Microfinance Bank declares 12kobo to shareholders, reports N1.02bn profit in FY 2023
NPF Microfinance Bank Plc has announced a final dividend of 12 kobo per share for the year ending December 31, 2023. The company reported gross earnings of N10.3 billion for the 12-month period, representing a 43.99% increase from the N7.15 billion recorded in FY 2022. Profit after tax for the[…]
Fidson signs partnership agreement with 3 Chinese firms to tackle HIV in Africa
Fidson Healthcare Plc, a leading Nigerian pharmaceutical company, signed a Strategic Cooperation Memorandum with Jiangsu Aidea Pharma, Nanjing PharmaBlock, and the China-Africa Development Fund in Beijing, China on Monday, September 2, 2024. The signing ceremony took place during a visit by a Nigerian delegation led by Dr. Fidelis Ayebae, the[…]
Stock market extends bullish trend, up by 0.56%
The Nigerian stock market extended its bullish trend for the second consecutive session on Wednesday. The All-Share Index increased by 0.56%, closing at 98,230.92 points, up from the previous close of 97,685.64 points. Market Capitalization also grew by 0.56%, rising from N56.131 trillion to N56.447 trillion, adding N316 billion. A[…]