Business

NSE market indices up by 0.05%

The nation’s bourse recorded marginal growth on Thursday after two consecutive days downward trading with the market indices appreciating by 0.05 per cent. Specifically, the All-Share Index rose by 12.79 points or 0.05 per cent to close at 27,424.92 against 27,412.13 achieved on Wednesday due to MTN Nigeria Communications gain. Also, the market capitalisation, which […]

Business

Flour Mills floats N39.8b shares Monday

Flour Mills of Nigeria will market a share sale to existing investors on Jan. 15 to raise N39.86 billion (130 million dollars). The Nigeria Stock Exchange has granted the approval for the right issue. The flour and pasta maker will offer 1.47 billion shares at 27 naira a piece, an 18.2 per cent discount to […]