Category: Capital Market/Banking

Aramco Declares $161b Profit For 2022
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...
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Naira Ends Week On Negative Note
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...
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Dangote Cement Secures SEC Approval For New Share Buy-Back
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...
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FirstBank Appoints Seyi Oyefeso as Executive Director
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...
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Naira Exchanges N461.33 To Dollar At Investors, Exporters Window
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...
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Dangote Sugar Declares N82.3b Profit For 2022
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...
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Market Capitalisation Down By N77b
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...
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Naira Loses Further To Dollar By 0.08%
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...
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NGX Group Declares N6.17b Revenue For 2022 
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...
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NGX: Ugochi Obi Makes WFE <strong>Women Leaders List For </strong>2023
March 3, 2023 No Responses

NGX: Ugochi Obi Makes WFE Women Leaders List For 2023

By Moses Ebosele, ebosele@hotmail.com — The World Federation of Exchanges (WFE), on Thursday, named the head of X-Academy, Nigerian Exchange (NGX), Ugochi Obi as one of the twenty women leaders for 2023.  City Business News reports that the WFE...
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WFE Women Leaders: Profile Of Ugochi Obi, Head, X-Academy, NGX
March 3, 2023 No Responses

WFE Women Leaders: Profile Of Ugochi Obi, Head, X-Academy, NGX

The World Federation of Exchanges (WFE), on Thursday, named the head of X-Academy, Nigerian Exchange (NGX), Ugochi Obi as one of the twenty women leaders for 2023.   Information made available to the WFE website explained that the  X-Academ...
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Naira Gains 0.14% At Investors, Exporters Window
March 2, 2023 No Responses

Naira Gains 0.14% At Investors, Exporters Window

Naira exchanged at N461.35 to the dollar at the Investors and Exporters window on Wednesday. The rate represented an appreciation by 0.14 per cent compared with the N462 for which it exchanged to the dollar on Tuesday. The open indicative...
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Naira Exchanges For N462 To  Dollar At Investors, Exporters Window
March 1, 2023 No Responses

Naira Exchanges For N462 To  Dollar At Investors, Exporters Window

The Naira on Tuesday remained unchanged, exchanging at N462 to the dollar at the Investors and Exporters window. The local currency did not change from its value on Monday. An exchange rate of N462.50 to the dollar was the highest...
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NGX, PAPSS Sign MoU On Cross-Border Payments
March 1, 2023 No Responses

NGX, PAPSS Sign MoU On Cross-Border Payments

Nigerian Exchange (NGX) and Pan African Payments Settlement System (PAPSS) on Tuesday signed a Memorandum of Understanding (MoU), to integrate the payments system that would boost cross-border securities transactions across African capital markets. Mr Temi Pop...
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