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Nigerian Stocks: Gain ₦331 Billion As Nestlé, Guinness Rally

Nigerian Stocks: Gain ₦331 Billion As Nestlé, Guinness Rally

Blue-chip buying lifts the market for a fourth day as Nestlé and Guinness surge, offsetting losses in Stanbic and other financial stocks.

Nigeria’s stock market extended its winning streak on Thursday, adding about ₦331 billion in value as strong buying interest in consumer and industrial stocks outweighed declines in banking and insurance names.

Market capitalization rose by 0.35 percent to ₦95.856 trillion, up from ₦95.525 trillion at the previous session’s close, according to data from the Nigerian Exchange. The benchmark All-Share Index climbed by 520.23 points, also a gain of 0.35 percent, to settle at 150,363.05, marking the fourth straight …

Nestle Re-Launches Golden Morn With Soya

Nestle Plc has re-launched one of its flagship product, Golden Morn with soya, as part of efforts to help tackle anemia in children and women in their reproductive age.

According to the World Bank statistics, about 26 million people across the world are undernourished, a  gap Nestle has decided to fill by ensuring that  Nigerians get the necessary nourishment they require daily.

Speaking at the re-launch at its Agbara plant, its Managing Director/Chief Executive Officer, Mr. Mauricio Alarcon, explained that the company was committed to solving health-related issues associated with anemia through Golden Morn which a high quality nourishing product …