Connect with us
nairametrics
UBA ads

Business News

Mutual Benefits, Unity Bank make best stocks list, NSE ends trading in negative

@nsenigeria ended Tuesday’s trading session in negative territory. The All Share Index closed at 27,820.57 basis points, down 0.46%. Year to date, the index is down 11.49%.

Published

on

Nigerian Stock Exchange, sound, C & I Leasing Plc, NSE launches factbook, Top 10 stockbroking firms

The Nigerian Stock Exchange (NSE) ended Tuesday’s trading session in negative territory. The All Share Index closed at 27,820.57 basis points, down 0.46%. Year to date, the index is down by 11.49%.

Top Gainers and Losers: Mutual Benefits Assurance Plc was the best performing stock today. The stock gained 10% to close at N0.22. Ikeja Hotel Plc gained 8.96% to close at N1.46. Unity Bank Plc gained 8.62% to close at N0.63. Vitafoam Nigeria Plc gained 5.13% to close at N4.30. Julius Berger Plc rounded off the top five gainers for today. The stock gained 3.59% to close at N18.75.

UBA ADS

[READ ALSO: As economy bites, companies use ‘shrinkflation’ to rip-off Nigerians]

On the flip side, Japaul Oil & Maritime Services Plc was the worst-performing stock, declining by 8.70% to close at N0.21. Nigerian Breweries Plc fell by 8.33% to close at N55. LASACO Assurance Plc fell by 8.11% to close at N0.34. Wema Bank Plc fell by 3.23% to close at N0.60. Transnational Corp of Nigeria Plc rounded off the top five losers for the day. The stock shed 3.03% to close at N0.96.

Debt Management Office, Nigeria list Sukuk bond on NSE, FG DMO list Sukuk bond on NSE, The Stock Market, Nairametrics news, Naija news, Companies on NSE

Stock Exchange building

GTBank 728 x 90

Top Trades by Volume: Guaranty Trust Bank Plc was the most actively-traded stock today. 22.2 million shares valued at N640 million were traded in 166 deals. United Bank for Africa Plc was next with 21.2 million shares valued at N123 million traded in 209 deals, followed by Zenith Bank Plc with 14.9 million shares valued at N276 million traded in 339 deals.

FBN Holdings Plc was next with 12 million shares valued at N67 million traded in 188 deals. African Alliance Insurance Plc rounded off the top five most actively traded stocks today with 10 million shares valued at N2 million traded in 2 deals.

[READ ALSO: Access Bank to enter Chinese market, as its UK subsidiary grows balance sheet]

onebank728 x 90

Corporate Action

Forte Oil Plc notifies the general public of the appointment of Mr Oladenide Nelson-Cole as Acting Company Secretary and General Counsel.

Dangote Cement Plc has released its financial statements for the period ended June 30, 2019. Revenue dipped from N482 billion in 2018 to N467 billion in 2019. Profit Before Tax decreased from N185 billion in 2018 to N155 billion in 2019. Profit After Tax increased from N113 billion in 2018 to N119 billion in 2019.

app
GTBank 728 x 90
Patricia

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Coronavirus

COVID-19 Update in Nigeria

On the 4th of July 2020, 603 new confirmed cases and 6 deaths were recorded in Nigeria bringing the total confirmed cases recorded in the country to 28,167.

Published

on

The spread of novel Corona Virus Disease (COVID-19) in Nigeria touched a new milestone as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 28,167 confirmed cases.

On the 4th of July 2020, 603 new confirmed cases and 6 deaths were recorded in Nigeria, having carried out a total daily test of 3,355 samples across the country.

UBA ADS

To date, 28,167 cases have been confirmed, 11,462 cases have been discharged and 632 deaths have been recorded in 35 states and the Federal Capital Territory. A total of 148,188 tests have been carried out as of July 4th, 2020 compared to 144,833 tests a day earlier.

COVID-19 Case Updates- 4th July 2020

  • Total Number of Cases – 28,167
  • Total Number Discharged – 11,462
  • Total Deaths – 634
  • Total Tests Carried out – 148,188

According to the NCDC, the 603 new cases were reported from 19 states- Lagos (135), Edo (87), Abuja (73), Rivers (67), Delta (62), Ogun (47), Kaduna (20), Plateau (19), Osun (17), Ondo (16), Enugu and Oyo (15), Borno (13), Niger (6), Nasarawa (4), Kebbi (3), Kano (2), Sokoto and Abia (1) case each

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 11,045, followed by Abuja (2,153), Oyo (1,466), Edo (1,353), Kano (1,264), Delta (1,227) Rivers (1,181), Ogun (974),  Kaduna (855), Katsina (579), Borno (528), Bauchi (516), Gombe (513), Ebonyi (438), Plateau (421), Ondo (410), Abia (383), Enugu (372), Imo (352), Jigawa (318).

GTBank 728 x 90

Kwara state has recorded 269 cases, Bayelsa (234), Nasarawa (225), Osun (165), Sokoto (153),  Niger (122), Akwa Ibom (104), Benue (97), Adamawa (89), Kebbi (84), Zamfara (76), Anambra (73), Yobe (61), Ekiti (43), Taraba (19), while Kogi state has recorded 5 cases.

 

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

onebank728 x 90

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020.

app
GTBank 728 x 90

 

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

DateConfirmed caseNew casesTotal deathsNew deathsTotal recoveryActive casesCritical cases
July 4, 202028167603634611462160717
July 3, 2020275644546281211069158677
July 2, 2020271106266161310801156937
July 1, 2020264847906031310152157297
June 30, 202025694561590179746153587
June 29, 20202513356657389402151587
June 28, 20202486749056579007149957
June 27, 20202407777955848625148947
June 26, 20202329868455458253144917
June 25, 20202261459454977822142437
June 24, 20202202064954297613138657
June 23, 20202137145253387338135007
June 22, 20202091967552577109132857
June 21, 202020242436518126879128477
June 20, 202019808661506196718125847
June 19, 202019147667487126581120797
June 18, 20201848074547566307116987
June 17, 202017735587469145967112997
June 16, 202017148490455315623110707
June 15, 20201665857342445349108857
June 14, 202016085403420135220104457
June 13, 20201568250140785101101747
June 12, 20201518162739912489198917
June 11, 2020145546813875449496737
June 10, 20201387340938217435191407
June 9, 2020134646633654420688937
June 8, 2020128013153617404084007
June 7, 20201248626035412395981737
June 6, 2020122333893429382680657
June 5, 20201184432833310369678157
June 4, 2020115163503238353576467
June 3, 2020111663483151332975227
June 2, 20201081924131415323972667
June 1, 20201057841629912312271579
May 31, 20201016230728714300768687
May 30, 2020985555327312285667267
May 29, 202093023872612269763447
May 28, 202089151822595259260647
May 27, 202087333892545250159787
May 26, 2020834427624916238557107
May 25, 202080682292337231155247
May 24, 202078393132265226353607
May 23, 202075262652210217451317
May 22, 2020726124522110200750337
May 21, 2020701633921111190748987
May 20, 202066772842008184046377
May 19, 202064012261921173444757
May 18, 202061752161919164443407
May 17, 202059593881826159441837
May 16, 202056211761765147239737
May 15, 202054452881713132039544
May 14, 202051621931683118038154
May 13, 202049711841646107037374
May 12, 20204787146158695936704
May 11, 202046412421521090235894
May 10, 202043992481421777834794
May 9, 202041512391271174532784
May 8, 202039123861181067931154
May 7, 20203526381108460128184
May 6, 20203145195104553425071
May 5, 2020295014899548123704
May 4, 2020280224594641722912
May 3, 2020255817088240020702
May 2, 20202388220861735119522
May 1, 20202170238691035117512
April 30, 2020193220459731715562
April 29, 2020172819652730713692
April 28, 2020153219545425512322
April 27, 20201337644102559942
April 26, 20201273914152399942
April 25, 20201182873632229252
April 24, 202010951143312088552
April 23, 20209811083231977532
April 22, 2020873912931976482
April 21, 20207821172631975602
April 20, 2020665382311884662
April 19, 2020627862221704362
April 18, 2020541482021663562
April 17, 2020493511841593172
April 16, 2020442351311522772
April 15, 2020407341211282672
April 14, 202037330111992632
April 13, 202034320100912422
April 12, 20203235100852282
April 11, 202031813103702382
April 10, 20203051770582402
April 9, 20202881471512302
April 8, 20202742260442262
April 7, 20202541661442042
April 6, 2020238650351982
April 5, 20202321851331942
April 4, 2020214540251850
April 3, 20202092542251800
April 2, 20201841020201620
April 1, 2020174352091630
March 31, 202013982091280
March 30, 2020131202181210
March 29, 2020111221031070
March 28, 20208919103850
March 27, 2020705103660
March 26, 20206514102620
March 25, 2020517102480
March 24, 2020444102410
March 23, 20204010112370
March 22, 2020308002280
March 21, 20202210001210
March 20, 2020124001110
March 19, 20208000170
March 18, 20208500170
March 17, 20203100030
March 16, 20202000020
March 15, 20202000020
March 14, 20202000020
March 13, 20202000020
March 12, 20202000020
March 11, 20202000020
March 10, 20202000020
March 9, 20202100020
March 8, 20201000010
March 7, 20201000010
March 6, 20201000010
March 5, 20201000010
March 4, 20201000010
March 3, 20201000010
March 2, 20201000010
March 1, 20201000010
February 29, 20201000010
February 28, 20201100010

Patricia
Continue Reading

Economy & Politics

Over 20% of N-Power beneficiaries are now business owners – FG

The Minister emphasized the President’s vision of lifting 100 million Nigerians out of poverty.

Published

on

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has said that about 109,823 beneficiaries of the N-Power programme now have their own businesses.

This represents about 22% of the 500,000 Nigerians that have benefited from this programme since its inception.

UBA ADS

This was disclosed in a statement by the Minister’s Special Assistant on Strategic Communications, Mrs Halima Oyelade on Saturday, July 4, 2020. She said that the beneficiaries of Batch A and B of N-Power have established businesses in their communities.

The Minister in the statement said, “Statistics like this gives me joy and once again, I want to say congratulations; I look forward to hearing amazing testimonies and meeting beneficiaries of this programme who will be doing great things in the future”.

She emphasized President Muhammadu Buhari’s vision of lifting 100 million Nigerians out of poverty in the next 10 years by creating opportunities that would improve the productivity of Nigerian youths for entrepreneurship or employment.

GTBank 728 x 90

Going further the minister said, “Thus, the need to find ways to engage them is of utmost importance. However, the commencement of the enrolment of Batch C was predicated on the need to give more Nigerian youths the opportunity to benefit. This is because, keeping only 500,000 beneficiaries for four years defeats the purpose of Mr President’s vision, hence the need to scale up and was in no way meant to be punitive.”

While acknowledging the beneficiaries’ contributions, Farouq said, ‘’You are our model N-Power beneficiaries. Please avail yourselves of all opportunities provided by government like interest-free loans and leverage on those opportunities while using N-Power as a stepping stone”.

The minister said the ministry is working at resolving some of the challenges facing the programme which include delays in the payment of stipends, beneficiaries not showing up at their places of primary assignments and people accessing the programme while gainfully employed elsewhere.

onebank728 x 90

The minister also assured beneficiaries that outstanding payments would be made and transition plans were ongoing and would be duly communicated to them on their platform.

Some of the beneficiaries of the programme gave good testimonies about the impact of the programme in their lives and all expressed their gratitude to the Federal Government for the opportunity.

Nairametrics has reported the opening of application portal for batch C of the programme with effect from 11.45 pm on June 26, 2020. There have been over 3 million applicants that have shown interest in batch C of the programme in about a week.

app
GTBank 728 x 90

Patricia
Continue Reading

Corporate Press Releases

Meristem features Nike Okundaye in Campaign titled “The Journey”, highlights the importance for partners

Meristem taps into Okundaye’s creative energy, highlighting the shared story of growth and collaboration.

Published

on

It has been a long journey for financial services provider, Meristem Nigeria, having started out as a boutique stockbroking firm over 16 years ago and morphing into a capital market conglomerate offering an array of diversified service and product offerings. The tale is similar for the art and culture doyen, Nike Okundaye-Davies whose humble beginning in traditional weaving and dying practice annealed her to the art world and art lovers.

At a graceful age of 70, she has achieved over 102 solo art exhibitions, 36 group art exhibitions, a permanent display of two of her works in the Smithsonian National Museum of African Art, a Harvard recognition and many other global acclaims. With four (4) art galleries spread across the country, and the Lagos center being the biggest art gallery in West Africa, she once told a Forbes journalist that her dreams are driven by careful financial planning as she reinvests at least two-thirds of her income in her business and art centers.

UBA ADS

Meristem taps into her creative energy in this campaign, highlighting the shared story of growth and collaboration for both institutions, and the need to onboard the right partners to achieve long term financial goals and investment security.

Meristem, a capital market conglomerate and diversified financial services provider offering stockbroking, wealth management, asset management, trustee services and financial advisory. Over the past 16 years, Meristem has been consistent in value creation and innovation within the capital market space. The Nigerian stock exchange awarded Meristem as the best digital broker of the year. In 2018 also, Meristem became the first Nigerian asset management firm to attain compliance with the Global Investment Performance Standards (GIPS) by the CFA Institute. In 2017, Meristem handled the single largest trade in the history of the Nigerian Stock Exchange.

GTBank 728 x 90

 

Patricia
Continue Reading