Question: How many companies has been delisted from NSE from 2016 till date?
Answer: 15 companies were delisted in 2016 while 5 companies have been delisted in 2017. Here is a breakdown
- IPWA PLC
- CAPPA PLC
- WEST AFRICAN GLASS INDUSTRIES PLC (WAGI)
- INVESTMENT & ALLIED INSURANCE
- ALUMACO PLC
- JOS INTERNATIONAL BREWERIES PLC
- ADSWITCH PLC
- ROKANNA PLC
- VONO PRODUCTS NIGERIA PLC
- LENNARDS (NIGERIA) PLC
- P.S MANDRIDES & COMPANY PLC
- PREMIER BREWERIES PLC
- COSTAIN (W.A) PLC
- NAVITUS ENERGY PLC
- NIGERIAN ROPES PLC
- BECO PETROLEUM PRODUCTS PLC
- MTECH COMMUNICATIONS PLC
- MTI PLC
- UTC PLC
- ASHAKACEM PLC
Nigerian stocks up amid gains from Mobil, Airtel, Zenith Bank
The market breadth ended negative as MOBIL led 13 Gainers as against 19 Losers topped by DANGCEM at the end of today’s session
Nigerian Stocks ended the last trading session of the week on a positive note.
- The All Share Index gained 0.48% to close at 35,137.99 points as against -0.25% recorded on Thursday.
- Its Year-to-Date (YTD) returns currently stands at +30.91%.
Nigerian Stocks trading turnover at Friday’s trading session ticked up as volume gained +1.20%, as against the 21.57% plunge recorded on Thursday.
- FBNH, UBA, and ACCESS were the most active to boost market turnover.
- The market breadth ended negative as MOBIL led 13 Gainers as against 19 Losers topped by DANGCEM at the end of today’s session – an unimproved performance when compared with the previous outlook.
- ETI leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
- MOBIL up 9.20% to close at N228
- AIRTELAFRI up 8.75% to close at N640
- CILEASING up 7.17% to close at N4.78
- ARDOVA up 3.21% to close at N14.45
- ZENITHBANK up 1.70% to close at N23.95
- DANGCEM down 2.93% to close at N199
- DANGSUGAR down 2.56% to close at N19
- UACN down 2.05% to close at N7.15
- FBNH down 1.39% to close at N7.1
- GUARANTY down 1.04% to close at N33.25
Nigerian stocks got fired up amid soaring oil prices at the last trading session of the week.
- Buying pressure was significantly seen across leading NSE 30 Stocks like Mobil, Airtel, and Zenith Bank, helped the bullish momentum all fired up.
- Nairametrics, however, envisages cautious buying as the COVID-19 crisis seems to be getting out of hand in Nigeria’s key international markets, that includes Western Europe and the United States.
COVID-19: Lufthansa resumes flights to Nigeria after 8 months suspension
After eight months of suspension due to the Coronavirus pandemic, Lufthansa Airline has resumed its flights to Nigeria.
Lufthansa Airline has resumed its flights to Nigeria after eight months suspension due to Coronavirus pandemic. The first Lufthansa flight arrived in Lagos on Thursday, 03 December 2020.
This was disclosed in a statement issued by the airline on Friday and seen by Nairametrics.
According to the airline, it is expected to do up to eight weekly departures scheduled from Lagos and Abuja Airports to Frankfurt. The German carrier also will offer up to five weekly departures from Lagos to Frankfurt and starting on 08 December also connect the capital Abuja with three weekly departures.
Adenike Macaulay, General Manager, Nigeria & Equatorial Guinea Lufthansa Group Airlines, said, “All intending travellers to Nigeria must have tested negative for Covid-19 as PCR test in the country of departure pre-boarding. The PCR test must be done within 120 hours before departure and preferably within 72 hours pre-boarding. International travellers will require a second test to be done in Nigeria, seven days after arrival.
“All long-haul flights depart from Nigeria in the evening as overnight flights, arriving in Lufthansa’s main hub Frankfurt in the early morning. This allows all passengers from Nigeria to get the full choice of connecting flights to European, American and Asian destinations, leaving all from the same terminal 1.
‘’As we have received the final permission to reopen our flight operations, we are happy to be the first airline to reconnect Nigeria directly to the centre of Europe and onwards to all other continents. We offer a considerable number of flights to the US and Canada, allowing our Nigerian guests to have family members and friends again at reach throughout the world. Health and safety continue to be our top priority and we are committed to maintaining strict adherence to hygiene regulations for all our flights.”
What you need to know
Nairametrics had reported when Lufthansa notified its patrons of the suspension of all flights out of Nigeria from 23 March 2020 to 19 April 2020. This was disclosed in an email sent by the airline through its agency, Lufthansa City Centre TIFA Travels and seen by Nairametrics.
In the notification, the airline explained that the decision was due to the current global situation and to curb the spread of Coronavirus, also known as COVID-19. It read,
“Lufthansa flights out of Nigeria are hereby suspended from 23 March 2020 until 19 April 2020. The last flights from Lagos, Abuja & Port Harcourt will operate on Sunday 22 March 2020, to resume on 20 April 2020 as currently planned.
Due to the uncertainty surrounding the spread of COVID-19 in Nigeria, its offices were closed to walk-in customers until further notice, however, “we can be reached via telephone lines of our ticketing offices and reservation e-mails. We hope for your understanding as we would do our utmost best to ensure a quick response to your requests.”
Lagos State police restricts movement on December 5, for conduct of election
Lagos has announced a restriction of movement between 6 a.m and 6 p.m on Saturday, 5th December 2020, for the conduct of election.
The Lagos State Police Command has announced that there will be restriction of movement between 6 a.m and 6 p.m on Saturday, 5th December 2020, to ensure the smooth conduct of free, fair and credible by-elections into the Lagos East Senatorial and Kosofe 11 Constituency, Lagos State House of Assembly seats.
This disclosure was made by the Lagos State Commissioner of Police, CP Hakeem Odumosu, on Thursday, December 3, 2020, during an interaction with election monitoring officers deployed from the Force Headquarters, Abuja, on the strategies put in place to assist and monitor the elections in Lagos State.
The election monitoring team, which comprises 2 Commissioners of Police, some Assistant Commissioners of Police and other officers, led by the Commissioner of Police, Community Policing, Force Headquarters, CP Kola Okunola, reported to Lagos State Command on December 3, 2020, in preparation for the deployment and monitoring of police personnel and other security agents detailed for the election duties.
The Command has also deployed Police personnel and other security agents to cover and provide security at the 1,928 polling units where elections are scheduled to hold.
Odumosu reiterated that vehicular and pedestrian movement in and out of the affected Local Government Areas will be restricted during the elections but those on election duties, essential services and accredited domestic and foreign election observers will be allowed passage.
The affected Local Government Areas for the two legislative seats include Epe, Ibeju Lekki, Kosofe Somolu and Ikorodu.
The Police Boss warned the electorate and political gladiators to play the game according to the rules and provisions of the Electoral Act 2010, emphasizing that no police aides or security agents will be allowed to escort their principals or any Very Important Personalities (VIPs) to polling units or on any movement while the elections last.
While maintaining that any security aides caught violating this directive will be arrested and made to face the full weight of the law, CP Hakeem Odumosu assured the general public of safety and smooth conduct of the elections.
He reaffirmed the commitment of the police to achieving free, fair, credible and acceptable elections in the affected Local Government Areas.
What you should know: The national and state legislative seats became vacant following the death of the occupants, Senator Adebayo Osinowo, who was the senator representing Lagos East senatorial seat at the national assembly and Tunde Buraimoh, who represented Kosofe Constituency 11 at the Lagos state house of assembly.
The 2 legislatures who were both lost in July 2020 were suspected to have died of Covid-19 related complications.
@LagosPoliceng has declared that movement will be restricted between 6a.m and 6p.m on Saturday, 5th December, 2020, to ensure the conduct of free, fair and credible by-elections into the Lagos East Senatorial and Kosofe 11 Constituency, Lagos State House of Assembly seats.#LASG pic.twitter.com/axpzefayww
— The Lagos State Govt (@followlasg) December 4, 2020