PM News Nigeria

Nigeria Breweries leads gainers, Guinness falls

Guinness: stock falls again

Daily equity transactions on the Nigerian Stock Exchange (NSE) opened on Monday in a positive note with the market capitalisation closing at N12.52 trillion. The market capitalisation, which opened at N12.42 trillion, appreciated by N100 billion or 0.80 per cent. Similarly, the All-Shares Index rose by 197.46 points to close at 38,964.75 against 38,767.29 achieved […]

Nigeria Breweries to pay N4.50 dividend, as profits jump

Nigeria Breweries Plc has released its audited results for 2013, showing a 6.3 per cent increase in turnover and 13.2 per cent rise in Profit after tax. The leading brewers in Nigeria declared a PAT of N69.1 billion in contrast to the N64.6 billion made a year earlier. Turnover was N268.6 billion last year, higher […]

Nestle biggest loser as Lagos stocks dip N62bn

Nestle Plc: stock records some losses

The market capitalisation on the Nigerian Stock Exchange (NSE) in Lagos dropped by N62 billion or 0.48 per cent at Tuesday’s trading, as major stocks recorded price losses. The stock market closed at N12.967 trillion from the N13.029 trillion recorded on Monday. Also, the All-Share Index, which opened at 40,647.80, dropped by 125.7 points or […]

Google ousts ExxonMobil as 2nd most valued firm


Google overtook US oil giant ExxonMobil on Monday to become the world’s number two company when rated by market value, behind its high-tech rival Apple. Even though Google shares fell 0.38 percent, a bigger drop in Exxon stock allowed the Internet giant to capture the second spot in market capitalization. Google’s market cap at the […]

Panasonic, Sharp back in black

Two Japanese electronics giants, Panasonic and Sharp have reported rising profits in the nine months ending December last year. Panasonic said it swung to a nine-month net profit of $2.4 billion thanks to the yen’s sharp decline and cost cutting as the Japanese electronics giant undergoes a painful restructuring. The company’s 243.0 billion yen net […]

Nigerians shy of stock market despite resurgence

Dealers at the Nigeria stock Exchange

Nigeria’s financial markets posted healthy gains in 2013 but five years on from the global financial meltdown, local investors are still wary of sinking their money into stocks. The market capitalisation of the nearly 200 listed companies on the Nigeria Stock Exchange (NSE) rose by 41 percent in the 12 months to December 31 to […]

Marijuana stocks hit highs after US state legalizes usage

File photo: a cargo of cannabis in Nigeria

Stocks of companies involved in the marijuana industry — medical or otherwise — hit fresh highs Thursday after Colorado launched the first legal US sale of recreational pot. Investors took the huge lines outside pot retailers in Colorado as a harbinger of potential growth in the still-new industry. With one study predicting a $10 billion […]

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