Stock Market Review: August 28, 2023

The stock market last week closed on a positive note with 1.29% growth. Year to date the market has returned 27.92% with the All Share Index and Market Capitalisation at 65,558.91 points and N35.881 trillion respectively. In a stock market review with Mr. Gilbert Ayoola, a capital market expert, the following were discussed: Excerpts: The market last week closed […]



Nigerian Breweries to increase share capital to N5.138bn, proposes 1 for 4 bonus to shareholders

Nigerian Breweries Plc at its recent Extraordinary General Meeting has proposed an increase in the company’s share capital and bonus issue of N1.03 billion to shareholders. In a statement available on the website of the Nigerian Exchange, the following resolutions were made by Nigerian Breweries: INCREASE IN SHARE CAPITAL “That the share capital of the company be[…]