June 2, 2023/Cordros Report Notably, intense buying activities on the first trading session of the holiday shortened week resulted in the market recording its biggest single-day gain (+5.2%) since 12 November 2020 (+6.2%). As such, the All-Share Index ended the week in the green, closing higher by +5.4% w/w at […]
Investors Bite
United Capital Weekly Pan African Monitor Friday 02-Jun-23
June 2, 2023/United Capital Anglophone West Africa Nigeria Nigeria’s tax-to- GDP ratio rises to 10.86% – FIRS Nigeria’s Federal Inland Revenue Service (FIRS) revealed that as of the end of 2021, Nigeria’s tax-to-GDP ratio grew to 10.86% from 6%, accounting for tax revenues from other government agencies apart from the […]
Nigerian Breweries to Acquire 80% Shareholding in Distell Wines and Spirits Nigeria Limited
June 1, 2023/NGX Nigerian Breweries Plc hereby informs that at a specially convened meeting of the Board of Directors of the Company held on 30th May 2023, the Board was presented with an offer from Heineken Beverages (Holdings) Limited of South Africa, for NB to acquire Heineken Beverages’ majority interests […]
