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Daily Archives: March 13, 2018

Equity Market opens on sluggish note, dips N105bn

Equities market of the Nigerian Stock Exchange (NSE) started out the new trading week with a somewhat lackluster performance. At the close of the day, the benchmark indices of the All-Share Index and market capitalisation dipped 0.2 percent apiece. The ASI closed at 43,056.51 having dropped 111.35 absolute points from 43,167.86 points, while market value closed at N15.402 trillion after ... Read More »

NASCON proposes N1.50 dividend for shareholders

Salt refining company, NASCON Allied Industries Plc, has proposed a dividend payout of N1.50 to its shareholders on May 8, this year. The company, in a notice to the management of Nigerian Stock Exchange (NSE) on Monday signed by its Secretary, A. A. Samuel, hinted that no bonus had been proposed yet to shareholders for the year under review. This is ... Read More »

Nigeria must triple rice mechanization to double output – PwC PriceWaterhouseCoopers (PwC) Nigeria has estimated that Nigeria will need to triple the current stock of rice production machinery in the next five years to double her production. The consulting and research firm gave this projection in its ‘Boosting Rice Production Through Mechanisation’ Report published today. Noting that rice is one of the ... Read More »