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Equities Market Rises Further as Bulls Consolidate Hold


Goddy Egene
The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further.
The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 billion to close at N21.4 trillion.
Also, volume and value of trading rose 72.9 per cent and 27.9 per cent respectively to 809.4 million shares and N8.9 billion. Year-to-date, the NSE ASI has gained 1.7 per cent.
The bulls clearly dominated the market as 49 stocks gaineds compared with seven price losers. Champion Breweries Plc led the price gainers with 9.8 per cent, trailed by NASCON Allied Industries Plc with 9.7 per cent. Japaul Gold Ventures Plc and AXA Mansard Insurance Plc chalked up 9.4 per cent apiece. ....

John Holt , Olumide Adeosun , Goddy Egene , Ardova Plc , Courtville Business Solutions Plc , Jaiz Bank Plc , Enyo Retail Supply , Industries Plc , Zenith Bank , Japaul Gold Ventures Plc , Nigeria Plc , Mutual Benefits Assurance Plc , Seplat Petroleum Development Company Plc , Dangote Cement Plc , Sovereign Trust Insurance Plc , Nigerian Stock Exchange , Mansard Insurance Plc , John Holt Plc , Academy Press Plc , Lafarge Africa Plc , Gtbank Plc , Veritas Kapital Assurance Plc , Livestock Feeds Plc , Champion Breweries Plc , Tripple Gee Company Plc , Clinical Services Plc ,

Ardova Plc moves to acquire Enyo Retail/Supply Ltd.


Lagos, Jan. 13, 2021 Ardova Plc (AP), a Nigerian integrated energy company, says it is set to conclude the acquisition of Enyo Retail and Supply Limited (Enyo), as discussions were currently ongoing.
Mr Olumide Adeosun, Chief Executive Officer of AP disclosed in a statement made available to newsmen on Wednesday in Lagos.
Adeosun said that immediately after the acquisition, AP would retain the Enyo branded stations, which would operate side by side with the AP brand while leveraging the strengths of AP and its group of companies.
He also stated: “Both parties are committed to concluding the deal by the end of Q1 2021.” ....

Olumide Adeosun , Ardova Plc , Enyo Retail Supply , Enyo Retail , Supply Limited , Chief Executive Officer , விநியோகி வரையறுக்கப்பட்டவை , தலைமை நிர்வாகி அதிகாரி ,

Ardova seals pact to take over rival energy firm Enyo


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Ardova seals pact to take over rival energy firm Enyo
The deal has to scale a due diligence hurdle and get the go-ahead of relevant regulatory bodies to go through, Ardova said.
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Ardova Plc says it will, by the end of March at the latest, have perfected the takeover of rival energy firm Enyo Retail & Supply Limited, following the acceptance in principle of its offer and acquisition structure by Enyo’s shareholders.
That requires Tunde Folawiyo-backed Enyo to concede its more than 90 filling stations in Nigeria and over 100,000 daily retail customers across 15 states to the new owner, after barely three years in the oil and gas business. ....

Femi Otedola , Olumide Adeosun , Forte Oil Plc , Ardova Plc , Nigerian Stock Exchange , Pt Mag Campaign , Enyo Retail Supply , Enyo Retail , Supply Limited , Tunde Folawiyo Backed Enyo , Chief Executive Officer Olumide Adeosun , Call Willie , கோட்டை எண்ணெய் ப்ல் , நைஜீரியன் ஸ்டாக் பரிமாற்றம் , ட் மாக் பிரச்சாரம் , விநியோகி வரையறுக்கப்பட்டவை , அழைப்பு வில்லி ,