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FIRST ALUMINIUM NIGERIA PLC
NSE boosted its revenue with N143.6 million fines imposed on listed companies across banks, manufacturing, insurance sectors, among others.
For Aluminium Extrusion Industries Plc, the only aluminium manufacturer currently listed on NSE, 2019 has not been such a good year.
@MTNNG listing on the @nsecontact premium board was the highlight of activities on the Nigerian bourse last week.
Ahead of the voluntary delisting of First Aluminium Plc's entire issued share capital, the company is to be suspended trading its shares on the Nigerian Stock Exchange (NSE).
Japaul Oil and Maritime was the best performing stock on the @nsecontact this week appreciating by 39.29%
Following the resignation of Elias Igbinakenzua as First Aluminium Nigeria Plc's Managing Director, Callistus Udalor has been appointed to succeed him.
@chams_plc was the best performing stock this week on the NSE appreciating by 28.57%. Year to date, the stock is up 80%.
First Aluminium Plc has issued a lengthy statement explaining why it wants to delist from the Nigerian Stock Exchange (NSE). The insignificant value in the shares is a main factor.
Oando Plc's exit from Axxela Limited, and a decline in Dangote Sugar results were some of the key corporate actions on the NSE last week.
Chams Plc rallied by 20%, as investors continue to take interest in the stock following a N0.03 dividend declared.
One company is credited for pioneering the aluminium roofing sheet movement in Nigeria, and it is aptly named First Aluminium Nigeria Plc.
There are more than a hundred companies whose securities are listed on the Nigerian Stock Exchange. But not all of them generate wealth for investors.