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Ndoma
Dangote Cement Share Drops As Investors Lose ?280.61b In Hours Of Sell Off
~2.2 mins read
Dangote Cement Share Drops As Investors Lose ₦280.61b In Hours Of Sell Off

Sell off at the stock market on Thursday was not in favour of some investors as there was a loss of over two hundred and eighty billion Naira in just eight hours of trading.

Records show that stockholders lost a total of ₦280.61 billion from their total investment value, which fell from ₦25.07 trillion.
This is even as Dangote Cement share fall off value from ₦284.90kobo to ₦260.60kobo per share after losing ₦24.30kobo during trading.
Naija News understands that the loss represents a 1.11 per cent dip in the market capitalisation, knocking it down to ₦24.79 trillion at the end of Thursday’s trading.
The All-Share Index moved in the same direction, losing 520.76 basis points as it headed down the hills on Thursday.
This caused the ASI to close at 46,009.23 index points, in contrast to Wednesday’s 46,529.99 points.
From statistics, the investors had exchanged ₦2.76 billion to trade ₦279.44 million shares in 4,582 deals, against Wednesday’s 328.99 million shares traded in 4,219 deals worth ₦4.81 billion.
Guinness ended the Thursday session leading the top five advancers with ₦4.25kobo gain in its share, which rose to ₦46.75kobo per share from ₦42.50kobo.
Meanwhile, International Breweries share increased in value, gaining ₦0.50kobo to end trading with ₦5.50kobo from ₦5 per share.
Ecobank share was up ₦1.05 to move from ₦10.90kobo to ₦11.95kobo per share. For Prestige, its share was up by 9.52 per cent to move from ₦0.42kobo to ₦0.46kobo per share.
Unilever gained N0.95kobo per cent as the share ended trading with N14 from N13.05 per share.
Naija News understands that the losers table was led by NEM, after losing ₦0.30kobo from its share which declined from ₦3.50kobo to ₦3.20kobo per share.
AIICO share dropped ₦5 to end trading at ₦0.76kobo from ₦0.80kobo per share. Ardoca lost ₦0.65kobo to end trading with ₦12.45kobo from ₦13.10kobo per share.
Multiverse completed the list after shedding 4.76 percent from its market price to drop from N0.21kobo to N0.20kobo per share.
For Thursday trading, the top trading equities are UPDC REIT, which reported an exchange of 46.35 million shares worth ₦181.87 million.
Courtville on its side traded 36.08 million valued at ₦21.32 million. Transcorp followed with 16.88 million shares valued at ₦18.24 million.
GTCO sold 16.04 million shares worth ₦409.65 million, while Multiverse traded 10.73 million valued at ₦2.20 million.
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Ndoma
Nigerians In Ghana Protest After Refusal To Open Shop By Ghanian Government
~1.8 mins read
The Nigeria Union of Traders Association in Ghana (NUTAG), have complained about Ghanaian authorities’ refusal to open shops owned by Nigerians in Accra.
The president of NUTAG, Mr Chukwuemeka Nnaji, led a protest of his members, revealing that their shops have been locked up since 2019.
He called on the authorities in Nigeria to intervene and help them talk to their Ghanaian counterparts.
Nigerian traders protest Ghanaian govt’s refusal to open locked shops

Nigeria's House of Reps Speaker, Femi Gbajabiamila had visited Accra to find a solution to the dispute some months back

Nigerian traders in Ghana have consistently accused local authorities of discrimination with many saying the fight is over retail commerce and Ghana's plans to dominate an area hitherto controlled by Nigerians.
The speaker of the House of Representatives, Femi Gbajabiamila, made the call during his diplomatic meeting with his Ghanaian counterpart, Professor Aaron Michael Oquaye.Recall that the Nigerian government recently called on Ghana to review its Investment Promotion Centre (GIPC) Act 2013 (Act 865) that demands a capital of $1 million for businesses owned by foreigners, including Nigerians.
Earlier, the federal government warned Ghanaian authorities that it would no longer tolerate the harassment of Nigeriansresiding in Accra and other cities of the West African country.
The minister of information and culture, Lai Mohammed in a statement on Friday, August 28, said the government won't fold its hand and allow such maltreatment to continue.
Some analysts in Nigeria have stated that the action of Ghanaian authorities might be due to the border closure by the federal government.
The thinking is that the move against Nigerian traders is geared towards forcing Nigerian authorities to reopen the boder This is due to the fact that most West African countries depend on Nigeria for trade and a hub for economic activities in the region.Ghanaian authorities have in the past complained about the border closure, stressing that it is affecting their economy.
Some have also described the situation as a trade war between Nigeria and Ghana, adding that it is a threat to regional integration.
Two West African powerhouses, Nigeria and Ghana, have for long traded barbs over Nigerians' alleged mistreatment in Ghana.

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