All posts by Afolabi Ogunde

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  News Flash: Ikeja Hotel Plc Notification of AGM

  Ikeja Hotel Plc notified the Nigerian Stock Exchange today of its intention to hold its Annual General Meeting (AGM) next month. The venue will be the Sheraton Lagos Hotel at No. 30 Mobolaji bank Anthony Way, Ikeja,...

  • Posted November 18, 2011
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  Nigerian Stock Market Watch: Market Cap Shed N36 Billion

  The Nigerian Stock Market shed N 36 Billion of its market capitalization this week. Across consumer goods, the Dangote subsidiaries of flour and sugar consolidated on previous day gains, appreciating by 4.99% and 4.96% apiece. Another Dangote...

  • Posted November 18, 2011
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  Nigeria Levies $235 Million Fine On BA and Virgin

  The Nigerian government has levied a fine of $235 Million on two British carriers. The affected carriers are British Airways (BA) and Virgin Atlantic, and are fined $135 Million and $100 Million respectively. The carriers have been...

  • Posted November 17, 2011
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  Stock Market Watch: Some Stocks Rise in the Concrete

  As the market continues to decline, some stocks on the NSE continue to show a bullish resilience. In the consumer goods sector today, Dangote was the shining star today, as two of the groups companies, Dangote Sugar...

  • Posted November 17, 2011
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  Stock Market Watch: ASI In Second Day Decline

  The Stock Market declined for the second day in a row, shedding 15 points today and bringing the All Share Index to 20,372.92. Forte Oil consolidated on previous day gains and took the full 500 points allowed,...

  • Posted November 16, 2011
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  Earnings Watch: HoneyWell Flour Mills Records N 941 Million Q2 Net Income

  Honeywelll Flour Mills has released its Q2, 2012 results, reporting a net income of N 941 Million. The company reported a marginal increase of 2.5% in Revenue which was N 18.7 Billion, up from N 18.2 Billion...

  • Posted November 16, 2011
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  Stock Market Watch: ASI Reverses Previous Days Gains

  The Stock Market reversed its gains yesterday and fell by 0.11% bringing the All share index to close at 20,404.23. Bearish sentiment prevailed in the banking sector, as only four counters recorded gains today. Zenith and First...

  • Posted November 15, 2011
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  Total Awards French Construction Company Eiffage $424 Million Contract

  Eiffage, a French construction company has been awarded a $424 million contract to build a metallic oil rig for oil major Total. The sizable contract will include an oil rig, lodging quarters for over a hundred people,...

  • Posted November 15, 2011
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  Nigerian Headline Inflation Up October As Third Quarter GDP Tumbles

  According to data recently released by the National Bureau of Statistics, inflation for the month of October accelerated to 10.5%, reflecting an increase of 0.19% from the month of September. Real GDP also fell on the back...

  • Posted November 15, 2011
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  Stock Market Watch: Minimal Appreciation As Investors Tread Cautiously

  The Stock Market inched up marginally in trading today, gaining 5 basis points and placing the All Share Index at 20,426.19. Bearish and bullish sentiment were evenly matched in the banking sector as seven tickers saw a...

  • Posted November 14, 2011
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