Category: Capital Market/Banking

Stock Market Recover N18b
April 20, 2023 No Responses

Stock Market Recover N18b

The stock market on Wednesday recorded a positive position, gaining N18 billion to close at N27.871 trillion from the N27.852 trillion posted on Tuesday. Also, the All-Share Index rose by 39.49 points, representing an increase of 0.08 per cent to...
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Afriland Properties Shareholders Okay N137m Dividend For 2022
April 19, 2023 No Responses

Afriland Properties Shareholders Okay N137m Dividend For 2022

For the financial year ended December 31, 2022, the shareholders of Afriland Properties Plc, a property management and investment company, have approved a total dividend of N137 million. A statement issued by rhe company on Tuesday after its10th Annual General...
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Stock Market Investors Lose N418b
April 18, 2023 No Responses

Stock Market Investors Lose N418b

The equities market on Monday opened the week on a negative note, shedding N418 billion due to losses in largely capitalised stocks. The All-Share Index decreased by 766.56 per cent, representing a decline of 1.48 per cent, to close at...
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GTCO Declares N214b PBT For 2022
April 15, 2023 No Responses

GTCO Declares N214b PBT For 2022

Guaranty Trust Holding Company Plc (GTCO) on Friday announced a profit before tax (PBT) of N214.2 billion in its Audited Consolidated and Separate Financial Statements for the year ended, December 31, 2022. The decrease in profit before tax, according to...
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Dangote Cement Pledges Higher Returns To Shareholders
April 14, 2023 No Responses

Dangote Cement Pledges Higher Returns To Shareholders

Chairman of Dangote Cement Plc, Aliko Dangote has guaranteed shareholders and other stakeholders of the company’s management’s resolve to keep the company profitable by leveraging on strategic innovations for the continuous growth of their investments. Spe...
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SEC Reiterates Support For Minority Shareholders
April 14, 2023 No Responses

SEC Reiterates Support For Minority Shareholders

The Securities and Exchange Commission (SEC) has assured investors that the interest of minority shareholders would be protected during all transactions in the capital market.The Director General, SEC, Mr. Lamido Yuguda gave the assurance in Abuja while briefi...
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NGX, Stakeholders To Unfold Opportunities In ETFs Market
April 14, 2023 No Responses

NGX, Stakeholders To Unfold Opportunities In ETFs Market

Nigerian Exchange (NGX) in collaboration with key stakeholders in the capital market is to address major challenges and unfold opportunities in the Exchange Traded Funds (ETFs) market. Mr Clifford Akpolo, Head, Marketing and Corporate Communications, NGX in a ...
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Market Capitalisation Drops By N5b
April 14, 2023 No Responses

Market Capitalisation Drops By N5b

The stock market on the Nigerian Exchange Ltd. on Thursday recorded a bearish tilt as the overall capitalisation dropped by N5 billion. The All Share Index (ASI) decreased by 8.83 points, representing a decline of 0.02 per cent to close...
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DMO Re-Opens N360b FGN Bonds For Subscription
April 13, 2023 No Responses

DMO Re-Opens N360b FGN Bonds For Subscription

The Debt Management Office (DMO) has listed four Federal Government of Nigeria (FGN) bonds valued at N360 billion for subscription at N1,000 per unit. The first offer is a February 2028 FGN Bond valued at N90 billion, at an interest...
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Stock Market Investors Lose N553b
April 6, 2023 No Responses

Stock Market Investors Lose N553b

The domestic equity market on Wednesday recorded its third consecutive loss in the week, bringing down the benchmark Index by 1.88 per cent as investors sold off Airtel Africa and 13 others. The All Share Index (ASI) decreased by 1,016.42...
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DMO Offers April FGN Savings Bonds
April 4, 2023 No Responses

DMO Offers April FGN Savings Bonds

The Debt Management Office (DMO), on Monday offered two Federal Government of Nigeria (FGN) Savings Bonds for the month of April at N1,000 per unit. According to the DMO, the first offer is a two-year FGN Savings Bond due in...
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Losses In Banking Stocks Push Indices Down By N76b
April 4, 2023 No Responses

Losses In Banking Stocks Push Indices Down By N76b

The equity market on Monday extended a negative position as it recorded N76 billion in losses, following sell-offs in Tier-one banking stocks. The market capitalisation lost N76 billion or 0.09 per cent to close at N29.517 trillion compared to N29.543...
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Capital Market Gets Major Boost As Senate Passes Investments Bill
March 30, 2023 No Responses

Capital Market Gets Major Boost As Senate Passes Investments Bill

The nation’s capital market received a major boost Wednesday as the Senate of the Federal Republic of Nigeria passed into law, the Investments and Securities Bill 2023. The Bill which is expected to aid the functioning of the capital market and...
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Cadbury Nigeria Declares N55.2b Gross Earnings For 2022
March 29, 2023 No Responses

Cadbury Nigeria Declares N55.2b Gross Earnings For 2022

Cadbury Nigeria Plc, a subsidiary of Mondelēz International, recorded gross earnings of N55.21 billion for the full year ended December 31, 2022. The turnover represents 30 per cent growth when compared to the N42.37 billion posted in the same period in....
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