Category: Capital Market/Banking

DMO Lists N225b FGN Bond For Subscription By Auction
May 12, 2022 No Responses

DMO Lists N225b FGN Bond For Subscription By Auction

The Debt Management Office (DMO) has announced an offer of three Federal Government of Nigeria (FGN)  bonds valued at N225bn, for subscription through auction.   The DMO announced the bonds offer in a statement on Thursday.   The offers are N75bn,...
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Airtel Africa Records 82% Profit Growth
May 12, 2022 No Responses

Airtel Africa Records 82% Profit Growth

Airtel Africa Plc.’s profit before tax grew by 82 per cent to 755 million dollars in the financial year ended March 31, compared to the corresponding period in 2021.  The company stated in Lagos on Wednesday that the strong growth resulted...
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Transcorp Hotels Declares N7.04b Revenue, N1.067b Profit Before Tax In Q1  
May 10, 2022 No Responses

Transcorp Hotels Declares N7.04b Revenue, N1.067b Profit Before Tax In Q1  

For the 2022 First Quarter (Q1),  Transcorp Hotels Plc, a subsidiary of Transnational Corporation Plc. (Transcorp Group) has declared  77.4 per cent  growth in revenue to N7.04 billion from N3.97 billion in the same period in 2021...
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SEC Nigeria Proposes Full Digital Capital Market
May 9, 2022 No Responses

SEC Nigeria Proposes Full Digital Capital Market

As part of measures to fully digitalise operations of the Nigerian capital market, the Securities and Exchange Commission (SEC) is proposing some guidelines that will enable investors virtually do everything they need to do on their internet-enabled appliances...
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DMO Offers Two FGN Bonds For Subscription
May 9, 2022 No Responses

DMO Offers Two FGN Bonds For Subscription

The Debt Management Office (DMO), on Monday announced the offer of two more Federal Government of Nigeria (FGN) bonds for subscription.   The first offer is a two-year FGN savings bond which will be due on May 18, 2024, at...
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CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends
May 7, 2022 No Responses

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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NDIC Begins Verification Of Depositors In Three Failed Micro-Finance Banks
May 6, 2022 No Responses

NDIC Begins Verification Of Depositors In Three Failed Micro-Finance Banks

The Nigeria Deposit Insurance Corporation (NDIC) is to commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose licences were revoked by the Central Bank of Nigeria (CBN).  The NDIC said on Thursday in its official Twit...
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Oluwole Adeosun Emerges President Of Stockbrokers’ institute
May 5, 2022 No Responses

Oluwole Adeosun Emerges President Of Stockbrokers’ institute

Mr Oluwole Adeosun has emerged new President and Chairman of the Governing Council of the  Chartered Institute of Stockbrokers (CIS)l,   Adeosun, the institute’s former 1st Vice succeeded the erstwhile President, Mr Olatunde Amolegbe at an ele...
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Access Bank Partners FG, To Roll Out Loans For Farmers, SMEs
May 5, 2022 No Responses

Access Bank Partners FG, To Roll Out Loans For Farmers, SMEs

Access Bank Plc has partnered the Ministry of Humanitarian Affairs, Disaster Management and Social Development to roll out a loan scheme for poor farmers aged 18 years to 55 years and other vulnerable groups.   In  statement on Thursday, the ban...
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Dangote Cement Ramps Up Production At Okpella Plant, Attains N105.9 b Profit In Q1
May 5, 2022 No Responses

Dangote Cement Ramps Up Production At Okpella Plant, Attains N105.9 b Profit In Q1

Dangote Cement Plc, has ramped up production at its newest plant, in Okpella, Edo State as its earnings per share rose by 16.8 per cent to N6.18 for the first quarter ended March 31, 2022.  Chief Executive Officer, Dangote Cement,...
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Dangote Cement Completes N116b Bonds
May 4, 2022 No Responses

Dangote Cement Completes N116b Bonds

‘ Dangote Cement has completed its N116 billion series 2 bond issuance which is the largest corporate bond issuance in the Nigerian capital market.    In a statement published on the Nigerian Exchange Ltd Website on Wednesday, the company expla...
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Access Bank Promotes 800 Staff 
May 3, 2022 No Responses

Access Bank Promotes 800 Staff 

Access Bank Plc has announced the promotion of 800 employees following performance management review in line with global best practices.  The Group Head, Communications and External Affairs of the bank, Mr Amaechi Okobi, explained in a statement that bene...
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Flour Mills Secures Approval To Acquire 76% Stake In Honeywell
April 30, 2022 No Responses

Flour Mills Secures Approval To Acquire 76% Stake In Honeywell

Flour Mills of Nigeria Plc (FMN) has obtained the required regulatory approvals to acquire 71.69 per cent stake in Honeywell Flour Mills Plc (HFMP), formerly a portfolio company of Honeywell Group. The company made this known in a statement by...
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20 Pension Fund Administrators Meet Deadline For N5b Minimum Capital 
April 30, 2022 No Responses

20 Pension Fund Administrators Meet Deadline For N5b Minimum Capital 

Twenty Pension Fund Administrators (PFAs) met PenCom’s deadline to increase their Minimum Regulatory Capital (shareholders’ fund) from N1 billion to N5 billion by April 27.   Pension Commission (PenCom) made the declaration in a statement it issued in Lag...
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