Category: Capital Market/Banking

Okomu Oil Shareholders Okay N21 Final Dividend For 2022
May 25, 2023 No Responses

Okomu Oil Shareholders Okay N21 Final Dividend For 2022

By Moses Ebosele, ebosele@hotmail.com  Shareholders of Okomu Oil Palm Company Plc have approved final dividend of N12 per share for the year ended December 31, 2022.  This in addition to the N9 paid as interim dividend amounts to a total of...
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CBN Revokes licences Of 132 Microfinance Banks
May 24, 2023 No Responses

CBN Revokes licences Of 132 Microfinance Banks

The Central Bank of Nigeria  (CBN), on Tuesday, revoked the operating licenses of 132 microfinance banks and those of four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was....
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Nestlé Appoints Oyebode Board Chairman
May 23, 2023 No Responses

Nestlé Appoints Oyebode Board Chairman

The Board of Nestlé Nigeria PLC has appointed Mr. Gbenga Oyebode  as the new Chairman of the Board of Directors with effect from May 18, 2023.   The appointment announced to shareholders and other stakeholders at the Annual General Meeting of.....
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Stock Market Recovers N88b
May 18, 2023 No Responses

Stock Market Recovers N88b

The All-Share Index (ASI) of the Nigeria Exchange on Wednesday gained 161.53 basis points or 0.31 percent to settle at 52,580.86 compared to 52, 419.33 on Tuesday. Sustained interests in Zenith Bank, Guaranty Trust Holding Company (GTCO), and FirstBa...
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Ecobank Workers Conference: Experts Harp On Savings, Income Diversification
May 16, 2023 No Responses

Ecobank Workers Conference: Experts Harp On Savings, Income Diversification

Salary earners, individuals, self-employed and small businesses have been advised to make deliberate efforts to save and diversify their income stream in light of the current state of the nation’s economy. This was the submission of panelists at the webinar....
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Fidelity Bank CEO Bags Champion Newspapers’ Banker Of The Year Award
May 15, 2023 No Responses

Fidelity Bank CEO Bags Champion Newspapers’ Banker Of The Year Award

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has received yet another recognition as she bagged the award of the Banker of the Year 2022 at the Champion Newspapers’ Awards of the Year 2022. Held at the Eko...
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Union Bank: Titan Trust Bank To Acquire Shares Of Minority Shareholders
May 8, 2023 No Responses

Union Bank: Titan Trust Bank To Acquire Shares Of Minority Shareholders

Union Bank Plc core shareholder, Titan Trust Bank Limited has offered to acquire the shares of all minority shareholders in Union Bank. In a Proposed Scheme of Arrangement notice to the Nigerian Exchange Limited (NGX) and signed by Somuyiwa Sonubi, t...
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FG Presents Discharge Certificate To Transcorp
May 8, 2023 No Responses

FG Presents Discharge Certificate To Transcorp

  Following fulfilment of all privatization conditions, Transcorp Power Limited, located in Ughelli, Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria o...
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Unilever Shareholders Approve N1.44b Dividend For 2022
May 6, 2023 No Responses

Unilever Shareholders Approve N1.44b Dividend For 2022

For the financial year ending December 31, 2022, Shareholders of Unilever Nigeria Plc have approved the payment of N1.44 billion as a dividend.  Within the period, the company posted a turnover of N88.5 billion for the financial year, representing a...
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Shell Declares $10b Profit In Q1
May 5, 2023 No Responses

Shell Declares $10b Profit In Q1

Shell on Thursday posted a first-quarter (Q1) net profit of $9.65 billion as strong earnings from trading and higher Liquefied Natural Gas (LNG) sales offset cooling energy prices, while extending its large share repurchase programme.  The stronger-than-e...
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WFE Create New Certification For Market Infrastructure
May 4, 2023 No Responses

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...
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NGX Group Declares 14.2% Decline In Q1 Gross Earnings
May 4, 2023 No Responses

NGX Group Declares 14.2% Decline In Q1 Gross Earnings

For the first quarter (Q1) ending March 31, 2023, Nigerian Exchange Group Plc (NGX Group) has declared its unaudited results, recording a 14.2% year-on-year (YoY) decline in gross earnings to N1.6 billion from N1.8 billion posted in Q1 2022. In...
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Fidelity Bank Sets Aside N15.7b For 2022 Dividends
April 29, 2023 No Responses

Fidelity Bank Sets Aside N15.7b For 2022 Dividends

For the year ended December 31, 2022, Fidelity Bank Plc has released its audited financial statement and accounts.  The report showed a double in profitability, driven by strong growths in the top-line and the structural balance of the bank’s operations...
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Investors Gain N137b On Capitalised Stocks
April 26, 2023 No Responses

Investors Gain N137b On Capitalised Stocks

Equities market opened the week on Tuesday on a green note with a gain of N137 billion. Market capitalisation gained N137 billion to close at N28.1 trillion as against the N27.963 trillion posted at the last trading session on Thursday....
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