By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Thursday posted a modest gain to halt a two-day losing streak, as the all-share index (ASI) advanced 0.08 percent to close at 28, 0391.90 points. ”Today’s positive performance trimmed the Month-to-Date loss to 1.07 percent and trimmed the […]
Updates
TNT Management Names REDSTAREX Nigerian Associate WEF Oct’6 2016
October 6, 2016/NSE Further to the acquisition of TNT by FedEx, we write to inform the general public that TNT Management (Bahrain) E.C has appointed Red Star Express Plc as its Associate in Nigeria effective October 6, 2016. By this appointment, Red Star Express Plc is authorized to handle all […]
Nigerian Brewers Sector Update – Value Brands Now in the Front Line
Culled—Proshare October 6, 2016/FBNQuest Research Macro headwinds impeding growth Nigerian brewers have had a challenging H1 2016 (end-June). Although we estimate that the sector’s unit volume grew by mid-single digits y/y over this period, most of the growth was driven by the value segment. For the mainstream category, beer consumption […]
