Nigerian Breweries Plc to acquire 80% shareholding in Distell Wines and Spirits Nigeria Limited

Nigerian Breweries Plc has notified the Nigerian Exchange and the investing public that at a specially convened meeting of the Board of Directors of the Company held on 30th May 2023, the Board was presented with an offer from Heineken Beverages (Holdings) Limited of South Africa, for Nigerian Breweries to acquire Heineken Beverages’ majority interests (via Distell […]



Nigerian Bourse dips further, returns -1.04% WtD

The Nigerian stock market dipped further last week as MTN, SEPLAT and other 29 stocks shed weight. The All Share Index and Market capitalization declined by 1.04% and 1.08 to settle at 51,355.74 and N27.963 trillion respectively. An aggregate of slightly over 3.9 billion units of shares were traded in 16,856 deals, valued at N15.6 billion. The[…]

Nigerian Bourse recovers, advances by 0.02%

The Nigerian Bourse recovered from the previous decline of 1.48% on Monday, advanced by 0.00%. The All Share Index soared by 0.02% closing at 51,138.92 points against the previous close of 51,127.38 points. Consequently, investors gained N3 billion as market capitalisation also soared to N27.853 trillion from N27.850 trillion of the previous session. The volume and value[…]