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Cadbury Nigeria Shrinks Amid 81% Drop in Equity Capital Cadbury Nigeria Plc got a valuation haircut after it lost about 9% due to selloffs. Unimpressed investors dumped the company shares after a steep earnings loss in nine months of the financial year 2023. According to the company’s unaudited result for nine months of the financial […]

Poor Earnings: Investors Price Caverton Down by 14% Following a rather too poor earnings performance in the third quarter, Caverton Offshore Support Group Plc’s share price went down by about 14% in a bullish market due to weak buying interest in the group that provides an offshore support service. Traded at N1.33 at the closing […]

Japaul Gold Jumps by 56% on Plan to Establish Refinery JAPAULGOLD stock market valuation spiked by 56% to become the best performer in the Nigerian Exchange (NGX) in the just concluded week. This pushed the company’s market capitalisation to N12.4 billion, spread over its 6.262 billion outstanding shares. The market reacted positively to the company’s […]

GSK Jumps by 29% Ahead of Court-Ordered Meeting GlaxoSmithKline (GSK) Plc’s share price became more expensive ahead of a court-ordered shareholders meeting. Share price rose to N16.05 on Friday with total market value on the Nigerian bourse clicking at N19.19 billion on its 1.195 billion outstanding shares. The pharmaceutical stock gained 29.44% over a week, […]Read More

Equities Investors Gain N368bn as NGX Stays on Bull Track Equities investors in the Nigerian Exchange (NGX) recorded more than N368 billion as a gain due to sustained bargain hunting. The Exchange stayed on the bull track with buying momentum on growth and value listed companies stocks. The whole week-long rally lifted key performance indicators, […]

The Independent National Electoral Commission, INEC, Bayelsa State has adjourned the announcements of the remaining two local government areas results to noon on Monday. The outstanding local government areas are Brass and Southern Ijaw LGAs. The Head of Department Voter Education and Publicity, INEC, Bayelsa State, Mr Wilfred Ifogah who announced the adjournment after the […]

Senior Advocate of Nigeria, Chief Paul Harris Ogbole, was awarded an honorary doctorate degree by Wesley University, Ondo for his exemplary leadership and contributions to humanity. The respected lawyer and social justice champion received the honor at the university’s convocation ceremony on November 11th, 2023. In his acceptance speech, Ogbole emphasized the need to support […]

The Nigerian Bar Association (NBA) Garki Branch in Abuja, also known as Liberty Bar, has put out a call for legal articles and papers to be published in its upcoming peer-reviewed journal. In guidelines released on Monday, the branch invited submissions covering diverse areas of law and legal practice for the 2024 edition of the […]

The N900 billion planned electricity subsidy by the Federal Government should target vulnerable Nigerians, according to George Etomi, Chairman of Wister and Gas. In an interview with CNBC Africa, Etomi said that while subsidies are not new, they must be well-directed and ideally benefit the most disadvantaged electricity consumers. He noted the government plans to […]

The United Bank for Africa (UBA) Plc has taken over the assets of Stallion Nigeria Limited and its subsidiaries in Lagos, Port Harcourt and Kano following an order of the Federal High Court in Lagos, concerning an alleged N156,026,032,804.84 (billion) debt. The bank’s receiver-manager Romeo Michael and court bailiffs protected by the police on Friday, […]Read More

The keenly-contested November 11, 2023 Kogi State Governorship Election has finally produced a winner with the All Progressives Congress (APC) candidate, Usman Ododo, clinching the much-coveted seat. The State Returning Officer, Prof Johnson Urama, who is the Deputy Vice-Chancellor (Academics) of the University of Nigeria, Nsukka, announced Ododo as the winner at 10:23pm on Sunday. […]

The candidate of the Labour Party (LP) in the November 11 Imo Governorship Election, Sen. Athan Achonu, has rejected the Imo State Governorship election results declared by the Independent National Electoral Commission (INEC). In a statement issued in Owerri on Sunday, Senator Achonu further rejected the results of the election, saying he would seek redress […]