15

Sep

NGXASI closes lower, down by 0.10%

The Nigerian Stock Exchange on Wednesday closed lower as The All Share Index was down by 0.10% to close at 49,575.93 points from the previous close of 49,627.72 points. Investors lose N28 billion as the Market Capitalisation dropped by 0.10% to close at N26.740 trillion from the previous close of N26.768 trillion. At the close of trade […]

14

Sep

Neimeth Pharmaceuticals to raise N3.68bn via rights issue

Neimeth International Pharmaceuticals Plc is set to float a rights issue of N3.67bn through the Nigerian capital market. The rights issue would be used to raise N3,679,618,625 at the cost of N1.55k per  50 Kobo share. Neimeth stated that its shareholders had in March, 2022 at the 63rd annual general meeting, approved the creation of 2,373,947,500 additional[…]