Capital Market/Banking Archives — Page 27 of 163

March 14, 2023 No Responses

Shareholders Hold Investors Summit Thursday

All is now set for the 2023 Investors’ Summit organized by members of the Proactive Shareholders Association of Nigeria (PROSAN). Under the chairmanship of former chairman, NAHCO AVIANCE, Alhaji Sulaiman Yahyah, the event is scheduled to hold on Thursday, March...

March 13, 2023 No Responses

CBN To Banks: Comply With Supreme Court’s Judgement On Naira Notes

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson in a statement said, “In compliance with the established tradition of obedience to court orders...

March 13, 2023 No Responses

Aramco Declares $161b Profit For 2022

Saudi oil giant Aramco has announced a record profit of $161.1bn (£134bn) for 2022, helped by soaring energy prices and bigger volumes. It represents a 46.5% rise for the state-owned company, compared with last year. It is the latest energy...

March 11, 2023 No Responses

Naira Ends Week On Negative Note

The Naira on Friday lost to the dollar as it exchanged at N461.50 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.11 per cent, compared to the N461 for which it exchanged to the dollar on...

March 9, 2023 No Responses

Dangote Cement Secures SEC Approval For New Share Buy-Back

Dangote Cement has received approval of the Securities and Exchange Commission (SEC) for the establishment of a new share buy-back programme. The company said in a Corporate Disclosure to the Nigerian Exchange Ltd. (NGX) on Wednesday that the programme w...

March 7, 2023 No Responses

FirstBank Appoints Seyi Oyefeso as Executive Director

FirstBank of Nigeria Ltd., has appointed Mr Oluseyi Oyefeso as Executive Director, Retail Banking in charged of the South. In a statement on Monday in Lagos, the bank said his appointment, which took effect on March 2, 2023, was subject...

March 7, 2023 No Responses

Naira Exchanges N461.33 To Dollar At Investors, Exporters Window

Naira on Monday exchanged at N461.33 to a dollar at the Investors and Exporters window. The rate represented an increase of 0.09 per cent, compared to the N461.75 for which it exchanged to the dollar before the close of business...

March 4, 2023 No Responses

Dangote Sugar Declares N82.3b Profit For 2022

For the year 2022 ended December 31, 2022, Dangote Sugar Refinery Plc has reported a Profit Before Tax (PBT) of N82.3 billion, indicating an increase of 142 per cent to N48.28 billion over N34 billion recorded in the corresponding period...

March 4, 2023 No Responses

Market Capitalisation Down By N77b

Trading activities on the Nigerian Exchange (NGX) on Friday turned bearish as bargain hunting in Seplat and 15 others drove the performance with a loss of N77 billion. In summary, the market capitalisation lost N77 billion, to close at N30.249...

March 4, 2023 No Responses

Naira Loses Further To Dollar By 0.08%

Naira exchanged at N461.75 to the dollar at the Investors and Exporters window on Friday. The rate represented a further depreciation by 0.08 per cent, compared with the N461.40 which it exchanged to the dollar on Thursday. The open indicative...

March 3, 2023 No Responses

NGX Group Declares N6.17b Revenue For 2022

The Nigerian Exchange Group Plc has recorded a revenue of N6.17 billion in its audited financial statement, ended December 31, 2022. The Group explained on Thursday that the figure represents an increase of 6.8 per cent Year-on-Year (YoY) when compa...