Category: Capital Market/Banking

Fidelity Bank Sensitizes Customers on Emerging Opportunities In Non-Oil Exports, CBN RT200 FX Policy 
March 17, 2022 No Responses

Fidelity Bank Sensitizes Customers on Emerging Opportunities In Non-Oil Exports, CBN RT200 FX Policy 

The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop for exporters and investors in...
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Ecobank Votes $40m For 2021 Dividend
March 16, 2022 No Responses

Ecobank Votes $40m For 2021 Dividend

Ecobank Transnational Incorporated (ETI) is set to pay shareholders dividends of $0.16 per share totaling $40 million for the year ended December 31, 2021, amounting to approximately CFA90, N66.6, or 1.08 Ghana Cedi per share.  The Bank in a statement...
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Oando, UACN, Others Lift Market Capitalisation By N42b
March 11, 2022 No Responses

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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2021: Dangote Increases Sugar Production To 811,962 Tonnes 
March 7, 2022 No Responses

2021: Dangote Increases Sugar Production To 811,962 Tonnes 

For the full year ended December 31, 3021, the Management of Dangote Sugar has revealed that the group’s production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes, in the corresponding period of 2020.   A statement....
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GTCO Explains N5.4Tri Total Assets, ₦221.5b PBT In 2021
March 7, 2022 No Responses

GTCO Explains N5.4Tri Total Assets, ₦221.5b PBT In 2021

For the year ended December 31, 2021, Guaranty Trust Holding Company Plc (GTCO) has released its audited consolidated and separate financial statements to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).&nbs...
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NGX Group Records N6.8b Gross Earnings In 2021
March 4, 2022 No Responses

NGX Group Records N6.8b Gross Earnings In 2021

The Nigerian Exchange (NGX) Group Plc gross earnings grew to N6.8 billion in its audited financial results for the year ended December 31, 2021.  The group, in a statement on Thursday in Lagos, said the figure represented 13 per cent...
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2021: Vitafoam Shareholders Get N1.9b Dividend
March 4, 2022 No Responses

2021: Vitafoam Shareholders Get N1.9b Dividend

Vitafoam Nigeria Plc, a leading manufacturer of rigid foams and other household materials, has rewarded its shareholders with a total dividend of N1.9 billion for the year ended December  31, 2021, translating to N1.50 per share.  Its Chairman, ...
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2021:Transcorp Hotels Records 114% Growth In Revenue, Votes N717m For Dividend 
March 2, 2022 No Responses

2021:Transcorp Hotels Records 114% Growth In Revenue, Votes N717m For Dividend 

Transcorp Hotels Plc has announced its Audited Financial Statements for the full year ended December 31, 2021.    The results published on the Nigerian Group Exchange showed a 114% growth in Revenue to N21.74bn from N10.16bn as o...
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CBN Releases Operating Guidelines For R200 Policy
March 1, 2022 No Responses

CBN Releases Operating Guidelines For R200 Policy

The Central Bank of Nigeria (CBN), has released guidelines for the operationalisation of its R200 policy.  The News Agency of Nigeria (NAN) recalls that the apex bank recently initiated the R200 policy in an effort to reduce exposure to volatile...
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Fidelity Bank Unveils Ten More GAIM 5 Promo Winners 
February 24, 2022 No Responses

Fidelity Bank Unveils Ten More GAIM 5 Promo Winners 

Fidelity Bank Plc has reiterated its commitment to enriching the lives of its customers as it announced the third set of 10 millionaires in its Get Alert in Millions season 5 (GAIM 5) promo.  The third monthly draw of the...
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Fidelity Bank Restates Support For CBN FX Repatriation Push, Sensitizes Customers In Non-Oil Exports Emerging Opportunities   
February 23, 2022 No Responses

Fidelity Bank Restates Support For CBN FX Repatriation Push, Sensitizes Customers In Non-Oil Exports Emerging Opportunities   

Fidelity Bank Plc has reaffirmed its commitment to actively support the Central Bank of Nigeria’s (CBN) efforts to achieve its goal of $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years.  The Executive D...
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United Capital Proposes 114% Increase In Dividend
February 20, 2022 No Responses

United Capital Proposes 114% Increase In Dividend

United Capital Plc, an investment bank and pan-African financial services group, has proposed 114 per cent dividend increase to N1.50 for every 50k ordinary share for the financial year ended Dec. 31, 2021.  The Group Chief Executive Officer of the...
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DMO Auctions N150b FGN Bond 
February 12, 2022 No Responses

DMO Auctions N150b FGN Bond 

The Debt Management Office (DMO) on Friday offered for auction, two separate Federal Government of Nigeria (FGN) bonds at N75 billion each.  The DMO in its website, announced that the bonds are N75 billion, 10-year re-opening FGN bonds at 12.5 per...
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CBN Introduces RT200 Programme To Improve Exports, Boost FOREX
February 11, 2022 No Responses

CBN Introduces RT200 Programme To Improve Exports, Boost FOREX

The Central Bank of Nigeria (CBN) has introduced a new intervention programme (RT200) to help improve export receipts and boost the country’s foreign exchange earnings.  The CBN Governor, Mr Godwin Emefiele, made this known on Thursday in Abuja, while a...
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