Nigeria stocks gained N180bn in one week

Nigeria stocks climbed by +1.41 percent in the trading week to Friday August 7 on renewed optimism that companies’ earnings will begin to improve as the nation’s economic activities pick up. The NSE ASI rose for five straight days, thanks to investors who showed interest in banking, oil & gas stocks. The record gain valued…

Ardova grows H1 revenue to N87.3 billion

Ardova Plc has announced its unaudited results for the six-month (H1) ended June 30, 2020. Its income statement shows revenue of N87.3 billion, up 5.5 percent year-on-year (yoy) as against N82.7 billion in H1’19. Operating expense of N4.4 billion represents a decline of 20percent yoy (Jun 2019: N5.5 billion). Profit before tax printed low at…

Castillo Copper lists on London Stock Exchange

Castillo Copper Ltd, a base metal explorer primarily focused on copper across Australia and Zambia, has announced that its entire issued share capital of 1 009 938 722 ordinary has recently been admitted to the standard segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed…

Shareholders approve Japaul’s $70m capital raising, share reconstruction, name change 

Shareholders of Japaul Oil & Maritime Services Plc have approved major resolutions authorising the company to change it name, reconstruct its share capital and raise up to $70 million in new capital as part of significant redirection of the company towards growth and profitability. At the annual general meeting (AGM), shareholders approved the change of…

Shareholders approve Japaul’s $70m capital raising, share reconstruction, name change

Shareholders of Japaul Oil & Maritime Services Plc have approved major resolutions authorising the company to change it name, reconstruct its share capital and raise up to $70 million in new capital as part of significant redirection of the company towards growth and profitability. At the annual general meeting (AGM), shareholders approved the change of…