Investors Bite

Champion Breweries Announces Acquisition of 86.5% Stake by EnjoyCorp Limited

June 19, 2024/NGX EnjoyCorp Limited has successfully acquired an 86.5% stake in Champion Breweries Plc. EnjoyCorp acquired a 100% shareholding in The Raysun Nigeria Limited, which holds the 86.5% stake in Champion Breweries plc, listed on the Nigerian Exchange Group (NGX).  Following the approval of the Federal Competition and Consumer Protection […]

NGXASI Declines -0.08%, Dragged by FBNH, MTNN, Nigerian Breweries

June 19, 2024/InvestmentOne Report The NGXASI declined by 0.08% today to close at 99,842.19pts, as the losses recorded in MTNN (-2.67%), NB (-8.37%) and FBNH (-2.65%) drove the local bourse into the negative terrain. In the fixed income space, the Treasury Bills secondary market traded on a bullish note, as we observed […]

Bears Resurface as NGXASI Down by 8 bps, Investors Loss N47.62Bn

—NGXASI stands at +33.52% (YTD); Naira depreciated by 0.02% to close at N1,483.02 June 19, 2024/Futureview Research Click here to download the full report. EQUITIES MARKET: Bears resurfaced in the Nigerian Exchange in today’s trading session, opening the week in the red zone, as the NGX All-Share Index shed 8 basis […]