Market indicators of the Nigerian Stock Exchange (NSE) on Thursday recorded the first growth for the month, reversing the three-day bearish trend. The indices appreciated by 0.16 per cent just as the volume of shares traded decreased by 45.88 per cent. The All-Share Index appreciated marginally by 52.46 points or 0.16 per cent to close […]
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Guinness Nigeria Plc has received the Securities and Exchange Commission and the Nigerian Stock Exchange’s approvals to float a rights issue of ₦39.70bn. The company said in a statement on Tuesday in Lagos that it had received clearance of the issue documents from both regulators to list the new shares on the NSE. It said […]
Read More Guinness Nigeria Plc would be raising N39.7 billion in new equity funds from shareholders in the book of the company as at the close of business yesterday. More details emerged yesterday as the board of directors of Guinness Nigeria, through its stockbroker, Stanbic IBTC Stockbrokers Limited, filed application for regulatory approval for the supplementary new […]
Read More Guinness Nigeria Plc has urged its employees, customers and shareholders not to panic over a winding-up lawsuit filed against it by a pharmaceutical company, Pharma-Deko Plc. Pharma-Deko, in a suit it filed before Justice Hadizat Rabiu-Shagari of the Federal High Court in Lagos, claimed that Guinness owed it N175,669,317.99. It is praying the court to […]
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Guinness Nigeria Plc has announced its intention to hold an Extraordinary General Meeting of its shareholders to approve resolutions for a rights issue. The EGM had been scheduled for January 24, 2017 in Lagos, the firm said in a statement on Tuesday. Guinness Nigeria, in the statement, said it believed that the rights issue would […]
Read More Guinness Nigeria PLC plans to raise about N40 billion from its shareholders as part of strategic plan to deepen its balance sheet and provide long-term financial support for its business. A notification issued by the company indicates that the Board of Directors of Guinness Nigeria has fixed an Extraordinary General Meeting (EGM) for January 24, […]
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