Category: Capital Market/Banking

NB Reports N309.2b Revenue, Budgets N3.23 For Interim Dividend
November 2, 2021 No Responses

NB Reports N309.2b Revenue, Budgets N3.23 For Interim Dividend

By Moses Ebosele, ebosele@hotmail.com  — For the nine months ended September 30, 2021, the Board of Directors, Nigerian Breweries Plc (NB Plc) has approved an interim dividend of N3.23 billion payable to shareholders at 40k each per ordinary share of 40k....
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Zenith Bank Declares N180b PBT In Nine Months
November 1, 2021 No Responses

Zenith Bank Declares N180b PBT In Nine Months

For the nine months ended September 30, 2021, Zenith Bank Plc has posted a profit before tax (PBT) of N180 billion,  the Group’s unaudited nine months financial results presented to the Nigerian Exchange (NGX)on Sunday, in Lagos, has indicated.&nbs...
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Okomu Oil Reports N31.04b Turnover In Nine Months
October 31, 2021 No Responses

Okomu Oil Reports N31.04b Turnover In Nine Months

By Moses Ebosele, ebosele@hotmail.com   — For the nine-month ended September 30, 2021, Okomu Oil Palm Company Plc has declared N31.04 billion turnover, representing  increase of 66.79 percent when compared with N18.61 billion attained within same pe...
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Sanwo-Olu Unveils Ecobank Pan African Centre
October 30, 2021 No Responses

Sanwo-Olu Unveils Ecobank Pan African Centre

Lagos State Governor, Babajide Sanwo-Olu has said the new ultra-modern Ecobank Nigeria head office, the Ecobank Pan African Centre (EPAC) has a strong connection that will enhance the state’s Smart City Project and modernize infrastructure within the metropo...
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Guinness, Custodian Insurance, AIICO Top Gainers’ Chart As Bulls Sustain Dominance On NGX
October 30, 2021 No Responses

Guinness, Custodian Insurance, AIICO Top Gainers’ Chart As Bulls Sustain Dominance On NGX

The bulls maintained dominance on the Nigerian Exchange Ltd (NGX) on Friday with the All-Share Index crossing 42,000 mark on sustained gains. Specifically, the index inched higher by 77.46 points or 0.18 per cent to close at 42,038.60 from 41,961.14...
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Presco Declares Interim Dividend, N34.2b Revenue In Nine Months
October 29, 2021 No Responses

Presco Declares Interim Dividend, N34.2b Revenue In Nine Months

By Moses Ebosele, ebosele@hotmail.com    — For the nine months period ended September 30, 2021, Presco Plc attained N34.2b (N34,236,781) revenue, compared with N6.5 (N6,577,379) recorded within same period in 2020.    In its ...
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FBN Holdings Appoints Okonkwo GMD
October 29, 2021 No Responses

FBN Holdings Appoints Okonkwo GMD

By Moses Ebosele, ebosele@hotmail.com   — The Board of FBN Holdings (FBNH) Plc has approved the appointment of the immediate past Managing Director of Fidelity Bank Plc, Mr Nnamdi Okonkwo, as its new Group Managing Director, with effect from Janu...
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SAHCO Attains N6.4b Revenue In Nine Months
October 28, 2021 No Responses

SAHCO Attains N6.4b Revenue In Nine Months

By Moses Ebosele, ebosele@hotmail.com   — For the nine months period ended September 2021, Skyway Aviation Handling Company Plc  (SAHCO)   attained N6.2b (N6,423,637) revenue, compared with N4.9 (N4,955,544) recorded within same period in 2020.&n...
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Ecobank Pan African Centre Opens In Lagos
October 28, 2021 No Responses

Ecobank Pan African Centre Opens In Lagos

Ecobank Nigeria has concluded arrangements to commission its new head office building, the Ecobank Pan-African Centre (“EPAC”).  The ultra-modern edifice situated along Ozumba Mbadiwe Road on the highbrow Victoria Island, Lagos will be commissioned by...
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Heritage Bank, Next Titan To Sustain Entrepreneur Support With N15m
October 28, 2021 No Responses

Heritage Bank, Next Titan To Sustain Entrepreneur Support With N15m

In a bid to ensure that entrepreneurial goals of the Nigerian youths are achieved, Heritage Bank Plc, Nigeria’s most innovative service banking provider, in collaboration with The Next Titan is set to further invest N15million on viable Nigerian entrepre...
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BUA Cement Declares N65.91b Profit In Nine Months
October 26, 2021 No Responses

BUA Cement Declares N65.91b Profit In Nine Months

By Moses Ebosele, ebosele@hotmail.com   — For the third quarter ended September 30, 2021, BUA Cement Plc has declared Profit After Tax of N65.91 billion, 23.22 percent higher than the N53.49 billion attained within same period in 2020.   Within the ...
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CBN Explains Guidelines For eNaira
October 26, 2021 No Responses

CBN Explains Guidelines For eNaira

The Central Bank of Nigeria (CBN) has released regulatory guidelines for eNaira launched by President Muhamadu Buhari on Monday, October 25, 2021.    The eNaira speedwallet app meant for individuals had, as at 4.pm on Monday seen ...
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Q3: Nestle Nigeria Attains N33.58b Profit, To Pay 25k Interim Dividend
October 26, 2021 No Responses

Q3: Nestle Nigeria Attains N33.58b Profit, To Pay 25k Interim Dividend

By ebosele@hotmail.com — For the third quarter ended September 30, 2021, Nestlé Nigeria Plc attained profit after tax (PAT) of N33.58 billion from N31.93 billion in the same period of 2020, representing a five percent increase.  The company’s revenu...
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FBN Holdings Confirms Otedola’s Acquisition Of 5.07% Stake
October 24, 2021 No Responses

FBN Holdings Confirms Otedola’s Acquisition Of 5.07% Stake

Barely 24 hours after denying notification of possible acquisition of shares by Mr Femi Otedola, FBN Holdings (FBNH) Plc on Saturday confirmed that the business mogul had acquired 5.07 percent equity stake in the company.  FBNH’s Company Secretary, Mr Seye....
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