Transcorp Hotels, Oando rejoin trillion-naira valuation club
Transcorp Hotels and Oando returned to the club of listed companies with a market value of at least N1 trillion
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Stocks
Foreign inflow data shows Nigerian stocks losing lustre
Nigerian stocks saw the lowest foreign inflow in more than a year last month, even as investors dumped more equities
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Private equity fund sells Aradel shares worth N19.8bn
A private equity fund managed by African Capital Alliance sold a total of 24,717,353 shares of Aradel Holdings for N19.81
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Oil operator Aradel falls 11% one week after stock listing
Aradel Holdings Plc, an indigenous oil and gas company, has seen its share price drop by almost 11% one week
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Transcorp Hotels’ Q3 earnings nearly triple as occupancy rate rises
Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group, reported a 192 percent jump in its profit before tax for
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FG’s $500m domestic bond believed to be 100% oversubscribed: Rewane
The federal government is believed to have secured $1 billion for the $500m dollar bond issued locally last month, the
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Nigerian stocks post first net foreign inflows in four months
Foreign inflows into the Nigerian stock market surpassed outflows in July for the first time in four months, new official
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Stock investors lose N1trn in July amid banks’ capital raising
Investors in the Nigerian stock market saw the value of their holdings fall by N1.05 trillion in July amid banks’
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Salt refiner NASCON’s profit dips as inflation, devaluation bite
Nascon Allied Industries Plc, a salt refiner owned by Dangote Industries Limited, reported a 16 percent drop in its pretax
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Dangote Sugar’s half-year loss widens fivefold to N144bn on weaker naira
Dangote Sugar Refinery Plc saw its loss after tax widen to N144.01 billion in the first half of this year
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