Nigerian Breweries Plc says it has completed its merger with Consolidated Breweries Plc. According to company, the merger was finalised on December 31, 2014. The company said these in a statement by its Managing Director and Chief Executive Officer, Mr. Nicolaas Vervelde. The statement explained that the merger was completed […]
Capital Market
Nigerian Stocks End Year Negatively, Year-to-Date Down 16.14%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Year-to-Date (YTD) returns at the Nigerian bourse on Wednesday went down 16.14 percent as Nigerian stocks ended the year on a negative note with all-share index and market capitalisation declining 0.08 percent to close at 34,657.15 basis points and N11.478 trillion respectively. According to the […]
Nigerian naira, stocks end year sharply down
Wed Dec 31, 2014/Reuters The Nigerian naira rose against the dollar in thin trade but closed at 181.50, a 13 percent fall on the year from last December’s 160.60, according to Thomson Reuters data. The stock market ended the year down 16 percent. The central bank devalued the naira at […]
