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Punch Newspapers Sections ’Femi Asu The Nigerian stock market, which began the month on a positive note, resumed its decline on Tuesday as 26 firms recorded price losses at the end of trading. The Nigerian Stock Exchange All-Share Index had risen by 0.33 per cent after investors on Monday, the first trading day of the month, after February saw investors record a total loss of N1.37tn. But the benchmark index, ASI, fell by 0.59 per cent on Tuesday to 39,697.62 basis points from 39,931.63bps on Monday. The market capitalisation of equities dropped by N120bn to close at N20.77tn on Tuesday fro...

Punch Newspapers Sections ’Femi Asu The nation’s stock market started the month on a positive note on the back of price appreciation recorded by UAC of Nigeria Plc and 11 other firms on Monday. Investors in the market had recorded a total loss of N1.37tn in February as market capitalisation tumbled below N21tn amid profit-taking. The Nigerian Stock Exchange All-Share Index closed at 39,799.89 basis points in February from 42,412.66bps at the end of January, while the market capitalisation of equities tumbled to N20.82tn from N22.19tn. The ASI, however, rose by 0.33 per cent to close at 39...

Nike Popoola Nigerian Breweries Plc said it recorded a turnover of N337.01bn in revenue in its audited financial statement for the year ended 31 D...

The revenue represented an increase of 4.3 per cent compared with N323 billion recorded in the corresponding period of 2019.

The N0.94 dividend declared for full year 2020 is well below a 10-year average of N3.55, which dwarfs it by almost 74 per cent.