The Nigerian Stock Exchange ended Wednesday’s trading session in negative territory. The All Share Index closed at 29,256.60 basis points, down 0.21%.
The International Finance Corporation (IFC) and its wholly-owned subsidiary, IFC Asset Management Company (AMC) have reached an agreement to divest their 14.1% stake in Ecobank Transnational Incorporated (ETI).
Here is a rundown of corporate actions expected on the @nsecontact this coming week
@chams_plc led the best performing stocks on the @nsecontact for the trading week ended May 31st, 2019.
Chams Plc rallied by 20%, as investors continue to take interest in the stock following a N0.03 dividend declared.
The Federal Inland Revenue Service (FIRS) is expecting the fourteen commercial banks on the NSE to pay taxes worth N103 billion for FY 2018.
O & O Networks Limited has refuted last week's media reports that claimed Ecobank was ordered to forfeit the sum of N22.5 billion, which was realised from wrongful sale of shares.
O & O Networks Limited, which is owned by Ecobank Transnational Incorporated, could forfeit the N22.5 billion that proceeded from wrongful shares sale.
