(Adds Aliko Dangote remaining as chairman) South African consumer goods firm Tiger Brands said Nigerian authorities had cleared its 1.5 billion rand ($181.98 million) purchase of a majority stake in Nigeria’s Dangote Flour Mills. The deal is Tiger Brands’ third and its biggest yet in Nigeria, Africa’s most populous country […]
Author: InvestAdvocate
Index dips by 0.13% as 24 stocks lose
Equity trading activities on the Nigerian Stock Exchange opened the week on a negative note on Monday, extending the losses which began last Friday. The NSE’s All-Share Index fell by 0.13 per cent or 34.71 basis points from 25,873.71 points on Friday, to 25,839.00 points. Similarly, the market capitalisation of […]
Nigerian naira trades flat vs dlr on strong demand
Nigeria’s naira traded flat against the U.S. dollar at both the interbank and foreign exchange markets on Monday, as strong demand for the greenback soaked up liquidity from two oil firms and the central bank’s currency auction. The naira closed at 157.80 to the dollar, around the same level it […]
