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Joseph Olaoluwa
UACN Property Development Company Plc has announced the resignation of its chairman, Mr Babatunde Kasali, and other non-executive directors namely, Mr Adekunle Awojobi, Prof. Okon Ansa and Mrs Awuneba Ajumogobia, from the company’s board.
Similarly, the Real estate company also announced the resignation of Mr Folasope Aiyesimoju as the Chief Executive Officer of the company.
According to a regulatory filing by the firm to the Nigerian Stock Exchange, all resignations are effective from January 4.
The board expressed its profound gratitude to the CEO as well as other directors for their contributions to the board. Aiyesimoju, however, will continue to serve as a non-executive director of the company.
By Goddy Egene
The year-to-date (YTD) growth of the Nigerian Stock Exchange (NSE) All-Share Index (ASI) hit 32.2 per cent yesterday on the back of the continued bull run.
The market has recorded positive performance in the past three days with the NSE ASI gaining 0.76 per cent to close at 35,493.15.
The sustained gains have boosted the YTD growth to 32.2 per cent. Also, the market capitalisation added N 140 billion to close at N18.6 trillion.
The positive performance yesterday was buoyed by buying interest in bellwethers such as Nestle Nigeria Plc, Zenith Bank Plc, and Guaranty Trust Bank Plc. In all, 26 stocks appreciated while 13 stocks depreciated. AXA Mansard Insurance Plc led the price gainers with 10 per cent, trailed by May & Baker Nigeria Plc with 9.8 per cent. NCR Nigeria Plc garnered 9.6 per cent, just as University Press Plc went up 9.2 per cent
Goddy Egene
The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose further by 1.10 per cent to close at 34,225.22 as the market sustained its positive momentum yesterday. The market capitalisation gained N199.5 billion to close at N18.4 trillion.
The bulls had returned to the market on Monday with a gain of 1.73 per cent after losing out the bears the previous week due to profit taking.
However, the gains were sustained yesterday as 28 stocks appreciated compared with 14 stocks that depreciated. LASACO Assurance Plc led the price gainers with 10 per cent while AXA Mansard Insurance Plc gained 9.3 per cent to occupy the second position. FTN Cocoa Processors Plc and Japaul Gold garnered 8.3 per cent and 8.0 per cent respectively.