Nigerian Stock Exchange

Nigerian stocks grow by N571b, Nestle, Dangote, Mobil lead gainers

Nigerian Stocks Grow By ₦571b, Nestle, Dangote Lead Gainers

October 30, 2020 4:14 pm

Bullish trading continued on the Nigerian Stock Exchange (NSE) on Friday after Eid-el-Maulud holiday, with market value growing by ₦571 billion.

Market capitalisation which opened at ₦15.386 trillion inched higher by ₦571 billion or 3.71 per cent to close at ₦15.957 trillion.

Also, the All-Share Index improved by 1,093.09 points or 3.71 per cent to close at 30,530.69 from 29,437.60 achieved on Wednesday.

A breakdown of the price movement chart shows that 43 stocks recorded price appreciation in contrast with 11 losers.

Nestle led the gainers’ table, gaining N129.20 to close at N1,421.70 per share.

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Access Bank Completes Acqusition Of Kenyan Transnational Bank

July 20, 2020 3:06 pm

Sequel to its earlier announcement on October 28, 2019, the Board of Access Bank PLC is pleased to inform the investing public and the Nigerian Stock Exchange of the Bank’s successful completion of the acquisition of Transnational Bank (Kenya) Plc.

This follows the receipt of full regulatory approvals and fulfilment of all conditions precedent to completion.

The Bank’s vision is to be the World’s Most Respected African Bank and our entry into the Kenyan market, a key gateway in East Africa, not only brings us closer to that vision but entities our customers tap into our extensive global network that …