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UBA Drives Nigerian Stocks to 0.2% Gain

June 13, 2024/Cordros Report EQUITIES Bullish sentiments resurfaced in the domestic equities market today, as bargain hunting in UBA (+6.2%) drove the All-Share Index higher by 0.2% to close at 99,832.25 points. As a result, the Month-to-Date and Year-to-Date returns increased to +0.5% and +33.5%, respectively. The total volume traded […]

Tolaram Group to Acquire 58.02% Stake in Guinness Nigeria as Diageo Exits

June 11, 2024/NGX Tolaram Group has signed an agreement to acquire 58.02% of Diageo’s shareholding in Guinness Nigeria. Additionally, Tolaram will establish long-term license and royalty agreements for the ongoing production of the Guinness brand, Diageo’s locally manufactured ready-to-drink beverages, and mainstream spirits brands. The completion of this transaction is expected […]

GTCO Notice of Proposed Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL June 11, 2024/JSP Communications This notice is issued in reliance on Rule 283 of the Rules & Regulations of the Securities & Exchange Commission, […]