Stock market losses N1.9trn to profit-taking
•Analysts finger Dangote Refinery IPO By Peter Egwuatu The Nigerian equities market reversed bullish trend last week, as N1.9 trillion was lost to widespread profit-taking across major stocks. The market was bullish penultimate week, as investors gained N3.73 trillion on the Nigerian Exchange Limited, NGX. However, last week’s trading was characterised by heavy selling pressure […]
Okomu fingers illegal shipments, others as bottleneck to sales
Nigeria’s second-largest producer of palm oil, Okomu Oil Palm Plc, said illegal shipments of palm oil and weaker consumer income is affecting the company’s sales of palm oil in the country.
Seme Customs rakes in N.546bn in Jan, records 64 seizures
Badagry—THE Seme Command of the Nigerian Customs Service, NCS, said that it generated N546.8million for the first month of the year representing 81 percent of 2018 revenue target.
NSE: FBN Holdings, Wapic Insurance lead N155bn gains
The uptrend on the Nigerian Stock Excision, NSE, entered the second day today following gains in 29 companies, particularly FBN Holdings Plc, Wapic Insurance Plc, Dangote Sugar refinery Plc and other highly capitalised stocks.
Honeywell companies no longer indebted to Ecobank – Oba Otudeko
The Chairman of Honeywell Group, Oba Otudeko, on Wednesday confirmed that the Honeywell companies are no longer indebted to Ecobank Nigeria. Otudeko said Honeywell had paid a total of N3.5 billion to Ecobank as full and final settlement of all its obligations to the bank.
Advancing technology for Intelligent Enterprises requires fundamental shift in leadership – Accenture
Adopting artificial intelligence for growth and positive social impact means forming new partnerships with customers and business partners.
