Category: Capital Market/Banking

ABP Loan: CBN To Clampdown On Defaulting Farmers
May 19, 2022 No Responses

ABP Loan: CBN To Clampdown On Defaulting Farmers

The Central Bank of Nigeria (CBN) has appealed to farmers who defaulted in paying back the loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back.  Mr Sadeeq Ajayi, in CBN Development Finance Office, made the appeal on Wednesday...
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Seplat Post $177m Pre-Tax Profit For 2021
May 19, 2022 No Responses

Seplat Post $177m Pre-Tax Profit For 2021

Seplat Energy Plc has recorded a pre-tax profit of $177million for the year ended December 2021, amounting to 321 per cent higher than the $80 million recorded by the company, which is listed on the Nigerian Exchange and the London...
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Dangote Cement Declares N413.2b Revenue, ₦105.9b Profit In Q1
May 17, 2022 No Responses

Dangote Cement Declares N413.2b Revenue, ₦105.9b Profit In Q1

For the first quarter (Q1) of 2022 ended March 31, 2022, Dangote Cement Plc recorded unaudited 24.2 percent increase in revenue and an 18 percent increase in profit after tax, amounting to N413.2 billion revenue and profit after tax of₦105.9 billion...
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FMBN Disburses N394.6b To Beneficiaries 
May 17, 2022 No Responses

FMBN Disburses N394.6b To Beneficiaries 

The Federal Mortgage Bank of Nigeria (FMBN) has disbursed N394.575 billion to beneficiaries from 1992 to 2022.  The Group Head, Corporate Communications (FMBN), Mr Lawal Sauri disclosed this in an interview with the News Agency of Nigeria (NAN) on Monday....
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SAHCO Wins Best Performing Stock Award
May 16, 2022 No Responses

SAHCO Wins Best Performing Stock Award

Skyway Aviation Handling Company Plc (SAHCO) has won the award of “Best Performing Stock” for the year 2021 at the Nigerian Investor Value Awards 2022 (NIVA) hosted by BusinessDay and the Nigerian Exchange (NGX).    A statement issued by Man...
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Again, Naira Depreciates Against Dollar
May 13, 2022 No Responses

Again, Naira Depreciates Against Dollar

The Naira on Thursday depreciated further at the Investors and Exporters window, exchanging at N420 to the dollar, a 0.30 per cent depreciation, weaker than N418.75 traded on Wednesday.  The open indicative rate closed at N416.50 to the dollar on...
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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...
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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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