Ecobank, Seplat, 16 others lift stock market

Gains recorded by Ecobank Transnational Incorporated, Seplat Petroleum Development Company Plc and 16 others on Thursday helped to end a two-day rout in the equities market of the Nigerian Stock Exchange.

After six consecutive days of closing higher, the market had retreated on Tuesday as key market indices declined by about 1.3 per cent followed by a 1.9 per cent slide on Wednesday.

The NSE All-Share Index rose to 24,261.69 basis points on Thursday from 24,056.12 basis points, while the market capitalisation of listed equities was up by N71bn to close at N8.34tn.

FBN gives value Shareholder Maximizes Admission to Premium Board -Report

First Bank Nigeria Holdings Plc (FBNH) has maximized the value of owners with its admission to the Nigeria Stock Exchange (NSE) new listing platform, the Premium Board and the associated Premium Board Index (PBI).

 

The board aims at providing a platform for greater global visibility for eligible African corporates to make it easier for them to attract global capital flows and reduce the cost of funding.

Nigeria PZ Cussons announced full year Pretax Profit Palls

PZ Cussons Nigeria said on Monday its full year pretax profit fell 5.6 percent to N6.55 billion ($33 million) versus the previous year.
 
Revenue rose to N73.12 billion from N72.90 billion a year earlier in the year ended May 31, the local unit of British soap and shampoo maker PZ Cussons said in a statement.