SEC Seeks Tax Exemption On Corporate Bonds

SEC Seeks Tax Exemption On Corporate Bonds

The Securities and Exchange Commission (SEC)  has urged the federal government to consider its proposal to exempt corporate bonds from the payment of tax.  Speaking in Lagos at an interactive session with Journalists on the outcome of the second Capital Market...
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SEC To Sanction Stakeholders Over Unclaimed Dividends

SEC To Sanction Stakeholders Over Unclaimed Dividends

The Securities and Exchange Commission (SEC) has threatened to sanction stakeholders whose actions are frustrating its efforts toward reducing the volume of unclaimed dividends.  Director-General of SEC, Mr Lamido Yuguda, said this at a post-Capital Marke...
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WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022

WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, lays bare the full economic impact of the Ukraine war upon a global economy still trying to recover from the...
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SEC Nigeria Identifies Critical Factors For Successful Capital Market Inclusion 

SEC Nigeria Identifies Critical Factors For Successful Capital Market Inclusion 

Availability, affordability, accessibility, awareness and adequacy of capital market products will drive inclusion in the market across the country, the Securities and Exchange Commission (SEC), has said  Mr Lamido Yuguda, the Director-General of SEC, out...
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Stock Market Rebounds, Capitalisation Increases By N180b

Stock Market Rebounds, Capitalisation Increases By N180b

The market capitalisation of the Nigerian Exchange (NGX) closed trading on Tuesday with a gain of N180 billion to close at N27.544 trillion against N27.364 trillion posted on Wednesday, halting five days of consecutive losses.  Similarly, the All-Share In...
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CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends

CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends

In keeping to its commitment of ensuring strong and sustainable returns to its shareholders, the Board of Central Securities Clearing System (CSCS) Plc has proposed a total dividend of N3.7Billion to its shareholders, reinforcing the value accretion to its equ...
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Oil Edges Up On Supply Jitters

Oil Edges Up On Supply Jitters

Oil prices edged up on Thursday on supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.  Reuters report that pressure from a stronger dollar and a drop in global...
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Shell Records $9.13b Profits In Three Months

Shell Records $9.13b Profits In Three Months

Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the...
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Nestlé Nigeria Attains N18b Profit In Three Months

Nestlé Nigeria Attains N18b Profit In Three Months

By citybusinessnews@yahoo.com   — For the first quarter ended March 31, 2022, Nestle Nigeria Plc has declared profit after tax of N 18.0 billion.  According to the unaudited financial statements, the company recorded a revenue of N 110.2 billion ...
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Presco: Sustaining Growth Through Expansion 

Presco: Sustaining Growth Through Expansion 

No doubt, Presco Plc is one of the most fundamental stocks on the Nigerian Exchange Limited (NGX).  In its unaudited 2021 financial statement for the period ended December 31, 2021, Presco Plc  improved on profitability as the management ex...
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SEC Nigeria Holds First CMC Meeting In 2022

SEC Nigeria Holds First CMC Meeting In 2022

The Securities and Exchange Commission (SEC) has announced that the first Capital Market Committee (CMC) meeting in 2022 will hold on Wednesday April 6, 2022.The meeting is scheduled to hold virtually through Zoom with key stakeholders in the capital market...
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Investdata Q2 Master Class On Opportunities In Volatile Market Holds Saturday

Investdata Q2 Master Class On Opportunities In Volatile Market Holds Saturday

Investdata Consulting Limited will on Saturday hold its regular quarterly master class on 2022 titled Trading opportunities in a volatile market and defensive sectors in a pre-election year, between 9am and 4pm, on Saturday, April 2, 2022, via Zoom.  A...
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Oando, UACN, Others Lift Market Capitalisation By N42b

Oando, UACN, Others Lift Market Capitalisation By N42b

Gains recorded by some large and medium capitalised stocks on Thursday lifted market capitalisation by N42 billion.  The stocks include Oando, UACN, Jaiz Bank and R.T Briscoe.  Specifically, the market capitalisation rose to N25.527 trillion, represe...
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GTCO Acquires Wealth Management Firm  

GTCO Acquires Wealth Management Firm  

Guaranty Trust Holding Company Plc (GTCO Plc) has acquired 100 per cent shares in Investment One Funds Management Limited, a wealth management company.  GTCO in a notice signed by Erhi Obebeduo and sent to the Nigerian Exchange Limited on Monday,...
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