Equities Archives - Nairametrics https://nairametrics.com/category/market-news/equities/ Destination for Business news and analysis from Africa's largest economy Fri, 14 Jun 2024 17:16:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Equities Archives - Nairametrics https://nairametrics.com/category/market-news/equities/ 32 32 201037849 FACTCHECK: BlackRock’s ‘$400 million’ ETF is not “leaving Nigeria” https://nairametrics.com/2024/06/14/factcheck-blackrocks-400-million-etf-is-not-leaving-nigeria/ https://nairametrics.com/2024/06/14/factcheck-blackrocks-400-million-etf-is-not-leaving-nigeria/#respond Fri, 14 Jun 2024 16:41:49 +0000 https://nairametrics.com/?p=491287 Several media reports stating that a $400 million Exchange-Traded Fund (ETF) owned by BlackRock is “leaving” Nigeria is not true. 

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]]> https://nairametrics.com/2024/06/14/factcheck-blackrocks-400-million-etf-is-not-leaving-nigeria/feed/ 0 491287 Transcorp Vs. UAC Nigeria – Who navigated better in 2023? https://nairametrics.com/2024/06/14/transcorp-vs-uac-nigeria-who-navigated-better-in-2023/ https://nairametrics.com/2024/06/14/transcorp-vs-uac-nigeria-who-navigated-better-in-2023/#respond Fri, 14 Jun 2024 09:23:11 +0000 https://nairametrics.com/?p=491245 Amid these turbulent economic conditions, Nigerian conglomerates have showcased resilience and adaptability.

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]]> https://nairametrics.com/2024/06/14/transcorp-vs-uac-nigeria-who-navigated-better-in-2023/feed/ 0 491245 Wole Oshin Custodian Investment Plc, MD/CEO acquires 19.5 million more shares to maintain control  https://nairametrics.com/2024/06/14/wole-oshin-custodian-investment-plc-md-ceo-acquires-19-5-million-more-shares-to-maintain-control/ https://nairametrics.com/2024/06/14/wole-oshin-custodian-investment-plc-md-ceo-acquires-19-5-million-more-shares-to-maintain-control/#respond Fri, 14 Jun 2024 06:36:08 +0000 https://nairametrics.com/?p=491230 The Managing Director of Custodian Investment Plc, Mr. Wole Oshin, has acquired an additional 19,531,250 Custodian Investment shares at an aggregated share price of N10.56.

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]]> https://nairametrics.com/2024/06/14/wole-oshin-custodian-investment-plc-md-ceo-acquires-19-5-million-more-shares-to-maintain-control/feed/ 0 491230 Nigerian Breweries posts N29.9 billion equity gain, as stock market appreciates by 0.2%  https://nairametrics.com/2024/06/13/nigerian-breweries-posts-n29-9-billion-equity-gain-as-stock-market-appreciates-by-0-2/ https://nairametrics.com/2024/06/13/nigerian-breweries-posts-n29-9-billion-equity-gain-as-stock-market-appreciates-by-0-2/#respond Thu, 13 Jun 2024 20:00:15 +0000 https://nairametrics.com/?p=491213 Nigerian Breweries Plc (NB) was the best-performing stock in the NGX today, gaining 10%, marking a N29.9 billion equity gain. The stock closed at N31.90 from an opening price of N29.00.  

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]]> https://nairametrics.com/2024/06/13/nigerian-breweries-posts-n29-9-billion-equity-gain-as-stock-market-appreciates-by-0-2/feed/ 0 491213 Seplat ExxonMobil $1.28 billion deal gets boost as NNPC moves to withdraw lawsuit https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/ https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/#respond Thu, 13 Jun 2024 14:13:02 +0000 https://nairametrics.com/?p=491189 NNPC has filed a motion in the High Court of the Federal Capital Territory, Abuja, seeking to discontinue its ongoing legal action against several subsidiaries of Mobil Nigeria and the Nigerian Upstream Petroleum Regulatory Commission.

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]]> https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/feed/ 0 491189 Why Tolaram’s N104 billion acquisition of Guinness Nigeria is a game changer https://nairametrics.com/2024/06/12/why-tolarams-n104-billion-acquisition-of-guinness-nigeria-is-a-game-changer/ https://nairametrics.com/2024/06/12/why-tolarams-n104-billion-acquisition-of-guinness-nigeria-is-a-game-changer/#comments Wed, 12 Jun 2024 09:19:40 +0000 https://nairametrics.com/?p=491127 On June 11, 2024, Diageo announced it had entered a deal to sell its 58.02% stake in Guinness Nigeria Plc to Tolaram, bringing an end to over five decades of direct ownership of the Nigerian subsidiary.

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]]> https://nairametrics.com/2024/06/12/why-tolarams-n104-billion-acquisition-of-guinness-nigeria-is-a-game-changer/feed/ 2 491127 TotalEnergies and Presco soar as MTN’s N195 billion loss downs the market  https://nairametrics.com/2024/06/11/totalenergies-and-presco-soar-as-mtns-n195-billion-loss-downs-the-market/ https://nairametrics.com/2024/06/11/totalenergies-and-presco-soar-as-mtns-n195-billion-loss-downs-the-market/#respond Tue, 11 Jun 2024 19:45:22 +0000 https://nairametrics.com/?p=491098 TotalEnergies Marketing and Presco posted massive gains today in the NGX, gaining 9.98% and 9.97% respectively.

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]]> https://nairametrics.com/2024/06/11/totalenergies-and-presco-soar-as-mtns-n195-billion-loss-downs-the-market/feed/ 0 491098 Guinness share price surges on announcement of Tolaram takeover   https://nairametrics.com/2024/06/11/guinness-share-price-surges-on-announcement-of-tolaram-takeover/ https://nairametrics.com/2024/06/11/guinness-share-price-surges-on-announcement-of-tolaram-takeover/#respond Tue, 11 Jun 2024 11:50:03 +0000 https://nairametrics.com/?p=491072 Guinness Nigeria’s share price has gained over 8%, trading at N55.60 as of mid-day on June 11, 2024. The gain is coming on the heels of an announced takeover of Guinness Nigeria by Tolaram. 

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]]> https://nairametrics.com/2024/06/11/guinness-share-price-surges-on-announcement-of-tolaram-takeover/feed/ 0 491072 Tolaram to acquire majority shares in Guinness Nigeria as Diageo exits  https://nairametrics.com/2024/06/11/tolaram-to-acquire-majority-shares-in-guinness-nigeria-as-diageo-exits/ https://nairametrics.com/2024/06/11/tolaram-to-acquire-majority-shares-in-guinness-nigeria-as-diageo-exits/#respond Tue, 11 Jun 2024 10:39:36 +0000 https://nairametrics.com/?p=491059 In a landmark deal set to reshape Nigeria's beverage market, Tolaram has agreed to acquire Diageo's 58.02% shareholding in Guinness Nigeria Plc. Guinness made this announcement via a press release on the NGX. 

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]]> https://nairametrics.com/2024/06/11/tolaram-to-acquire-majority-shares-in-guinness-nigeria-as-diageo-exits/feed/ 0 491059 Fidelity Bank records single-day turnover volume of over 600 million shares https://nairametrics.com/2024/06/11/fidelity-bank-records-single-day-turnover-volume-of-over-600-million-shares/ https://nairametrics.com/2024/06/11/fidelity-bank-records-single-day-turnover-volume-of-over-600-million-shares/#respond Tue, 11 Jun 2024 06:12:00 +0000 https://nairametrics.com/?p=491032 Fidelity Bank was by far the most traded stock in the NGX today, with a turnover volume of about 605.257 million shares, even as the stock gained 6.52% to close at N9.80.

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]]> https://nairametrics.com/2024/06/11/fidelity-bank-records-single-day-turnover-volume-of-over-600-million-shares/feed/ 0 491032 Geregu Power forecasts 148% year-on-year profit growth for Q3 2024 https://nairametrics.com/2024/06/10/geregu-power-forecasts-148-year-on-year-profit-growth-for-q3-2024/ https://nairametrics.com/2024/06/10/geregu-power-forecasts-148-year-on-year-profit-growth-for-q3-2024/#respond Mon, 10 Jun 2024 14:32:37 +0000 https://nairametrics.com/?p=491005 Geregu Power Plc has forecasted a profit after tax of N9.9 billion for Q3 2024, representing a 148% year-on-year increase from the N3.98 billion net income posted in Q3 2023.

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]]> https://nairametrics.com/2024/06/10/geregu-power-forecasts-148-year-on-year-profit-growth-for-q3-2024/feed/ 0 491005 Foreign Investors flock to Saudi Aramco’s $11.2 billion stock sale  https://nairametrics.com/2024/06/09/foreign-investors-flock-to-saudi-aramcos-11-2-billion-stock-sale/ https://nairametrics.com/2024/06/09/foreign-investors-flock-to-saudi-aramcos-11-2-billion-stock-sale/#respond Sun, 09 Jun 2024 10:14:40 +0000 https://nairametrics.com/?p=490910 Foreign investors are set to receive approximately 60% of the shares on offer in Saudi Aramco’s recent $11.2 billion stock sale.

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]]> https://nairametrics.com/2024/06/09/foreign-investors-flock-to-saudi-aramcos-11-2-billion-stock-sale/feed/ 0 490910 Stocks end first week in June in losses, but these stocks gained over 20%  https://nairametrics.com/2024/06/09/stocks-end-first-week-in-june-in-losses-but-these-stocks-gained-over-20/ https://nairametrics.com/2024/06/09/stocks-end-first-week-in-june-in-losses-but-these-stocks-gained-over-20/#respond Sun, 09 Jun 2024 08:50:45 +0000 https://nairametrics.com/?p=490915 The first week of June concluded with a broadly bearish sentiment on the Nigerian Exchange (NGX), as the overall market witnessed declines.

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]]> https://nairametrics.com/2024/06/09/stocks-end-first-week-in-june-in-losses-but-these-stocks-gained-over-20/feed/ 0 490915 Presco’s shareholders approve N24.3 billion final dividends for 2023, total dividend yields hit 13.6% https://nairametrics.com/2024/06/08/prescos-shareholders-approve-n24-3-billion-final-dividends-for-2023-total-dividend-yields-hit-13-6/ https://nairametrics.com/2024/06/08/prescos-shareholders-approve-n24-3-billion-final-dividends-for-2023-total-dividend-yields-hit-13-6/#respond Sat, 08 Jun 2024 09:26:17 +0000 https://nairametrics.com/?p=490859 Shareholders at the 31st Annual General Meeting (AGM) of Presco Plc, approved a final dividend of N24.30 per ordinary share of 50 Kobo, totaling N24.3 billion, as recommended by the Board of Directors for the financial year ended December 31, 2023.

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]]> https://nairametrics.com/2024/06/08/prescos-shareholders-approve-n24-3-billion-final-dividends-for-2023-total-dividend-yields-hit-13-6/feed/ 0 490859 NVIDIA: What you need to know about the company that’s 12x the size of Nigeria’s economy https://nairametrics.com/2024/06/06/nvidia-what-you-need-to-know-about-the-company-thats-12x-the-size-of-nigerias-economy/ https://nairametrics.com/2024/06/06/nvidia-what-you-need-to-know-about-the-company-thats-12x-the-size-of-nigerias-economy/#comments Thu, 06 Jun 2024 17:39:46 +0000 https://nairametrics.com/?p=490775 During trading hours on June 5, 2024, processor maker, Nvidia, surpassed the $3 trillion valuation mark, and became the second most valuable public company in the world, ahead of Apple Inc

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]]> https://nairametrics.com/2024/06/06/nvidia-what-you-need-to-know-about-the-company-thats-12x-the-size-of-nigerias-economy/feed/ 1 490775 Airtel Africa to pay N276 billion total dividend for 2023, chooses N1,485.99 as exchange rate for final dividend   https://nairametrics.com/2024/06/06/airtel-africa-to-pay-n276-billion-total-dividend-for-2023-chooses-n1485-99-as-exchange-rate-for-final-dividend/ https://nairametrics.com/2024/06/06/airtel-africa-to-pay-n276-billion-total-dividend-for-2023-chooses-n1485-99-as-exchange-rate-for-final-dividend/#respond Thu, 06 Jun 2024 09:04:54 +0000 https://nairametrics.com/?p=490732 Airtel Africa has selected N1485.99/$ as the exchange rate for its 2023 final dividend.

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]]> https://nairametrics.com/2024/06/06/airtel-africa-to-pay-n276-billion-total-dividend-for-2023-chooses-n1485-99-as-exchange-rate-for-final-dividend/feed/ 0 490732 REPORTS: Otedola publishes bank statement as ‘evidence’ accusing Zenith Bank of “fraudulent Activities” on Seaforce Shipping Account https://nairametrics.com/2024/06/06/otedola-publishes-bank-statement-as-evidence-accusing-zenith-bank-of-fraudulent-activities-on-seaforce-shipping-account/ https://nairametrics.com/2024/06/06/otedola-publishes-bank-statement-as-evidence-accusing-zenith-bank-of-fraudulent-activities-on-seaforce-shipping-account/#respond Thu, 06 Jun 2024 07:54:20 +0000 https://nairametrics.com/?p=490640 Billionaire businessman Femi Otedola has accused Jim Ovia, chairman of Zenith Bank, of engaging in fraudulent activities involving the bank account of his company, Seaforce Shipping Limited.

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]]> https://nairametrics.com/2024/06/06/otedola-publishes-bank-statement-as-evidence-accusing-zenith-bank-of-fraudulent-activities-on-seaforce-shipping-account/feed/ 0 490640 SEC DG engages Securities Dealing Houses in Nigeria to address N190 billion unclaimed dividends https://nairametrics.com/2024/06/06/sec-dg-engages-securities-dealing-houses-in-nigeria-to-address-n190-billion-unclaimed-dividends/ https://nairametrics.com/2024/06/06/sec-dg-engages-securities-dealing-houses-in-nigeria-to-address-n190-billion-unclaimed-dividends/#respond Thu, 06 Jun 2024 07:30:26 +0000 https://nairametrics.com/?p=490722 The Acting Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged the Association of Securities Dealing Houses of Nigeria (ASHON) and other key stakeholders in the capital market to collaborate with the Commission in addressing the substantial issue of unclaimed dividends, which currently stands at a staggering N190 billion.

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]]> https://nairametrics.com/2024/06/06/sec-dg-engages-securities-dealing-houses-in-nigeria-to-address-n190-billion-unclaimed-dividends/feed/ 0 490722 Agusto & Co. upgrades Wema Bank Plc to “Bbb+”  https://nairametrics.com/2024/06/05/agusto-co-upgrades-wema-bank-plc-to-bbb/ https://nairametrics.com/2024/06/05/agusto-co-upgrades-wema-bank-plc-to-bbb/#respond Wed, 05 Jun 2024 16:15:20 +0000 https://nairametrics.com/?p=490689 In its June 2024 report, Agusto & Co., a credit rating agency, upgraded Wema Bank Plc from a “Bbb” rating issued in June 2023 to a “Bbb+” rating.  

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]]> https://nairametrics.com/2024/06/05/agusto-co-upgrades-wema-bank-plc-to-bbb/feed/ 0 490689 Oando resumes trading on the Johannesburg Stock Exchange   https://nairametrics.com/2024/06/05/oando-resumes-trading-on-the-johannesburg-stock-exchange/ https://nairametrics.com/2024/06/05/oando-resumes-trading-on-the-johannesburg-stock-exchange/#respond Wed, 05 Jun 2024 14:11:18 +0000 https://nairametrics.com/?p=490676 Oando Plc has announced the resumption of its stock on the Johannesburg Stock Exchange, less than 3 months after the equity was suspended from listing on the JSE.  

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]]> https://nairametrics.com/2024/06/05/oando-resumes-trading-on-the-johannesburg-stock-exchange/feed/ 0 490676