Category: Capital Market/Banking

Me Cure Industries Lists N3b Bond On NGX
May 23, 2021 No Responses

Me Cure Industries Lists N3b Bond On NGX

By citybusinessnews@yahoo.com — Me Cure Industries Limited commemorated the listing of its N3Billion bond with a digital Closing Gong Ceremony on Nigerian Exchange (NGX) Limited on Friday, 21 May 2021.  The debut listing was the ₦3 billion 5-Year Series 1 Fixed rate...
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Seplat’s Shareholders Get $344m Dividend In Eight Years
May 21, 2021 No Responses

Seplat’s Shareholders Get $344m Dividend In Eight Years

By citybusinessnews@yahoo.com — Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE), on Thursday held its 8th Annual General Meeting (AGM)...
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Investors Lose N148b As ABC Transport Top Gainers’ Table
May 19, 2021 No Responses

Investors Lose N148b As ABC Transport Top Gainers’ Table

The Nigerian Exchange (NGX) market capitalisation dropped further by N148 billion, extending bearish run to two consecutive trading sessions.  Specifically, the market capitalisation which opened at N20.487 trillion shed N148 billion or 0.72 per cent to c...
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Lagos Cooperatives Capital Base Increases To N33b
May 18, 2021 No Responses

Lagos Cooperatives Capital Base Increases To N33b

The Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs Lola Akande, has disclosed that the cooperative service capital base has increased to N33 billion in 2021.  Akande made this known on Monday in Lagos at the 2021 ministerial news...
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NSE Seeks More Investment In Engineering Education
May 17, 2021 No Responses

NSE Seeks More Investment In Engineering Education

The Nigerian Society of Engineers (NSE) on Sunday urged the Federal Government to increase investment in engineering education, to help tackle poverty and employment. Dr Sunday Popo-Ola, a fellow of NSE and the immediate past Chairman, NSE London, UK Branch,.....
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Eternal, ABC Transport, Others Lift Market Capitalisation With N25b
May 15, 2021 No Responses

Eternal, ABC Transport, Others Lift Market Capitalisation With N25b

Transactions resumed on the Nigerian Exchange (NGX) on Friday after the public holdiays to mark the Eid-el-Fitr celebration with a growth of N25 billion.  Speficially, the market capitalisation rose by N25 billion or 0.12 per cent to close at N20.552...
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FSDH Funding Lists N12b Bonds On FMDQ Platform
May 13, 2021 No Responses

FSDH Funding Lists N12b Bonds On FMDQ Platform

FMDQ Securities Exchange Ltd  has approved the listing of FSDH Funding SPV Plc N7.05 billion tranche A and N4.95 billion tranche B series 1 fixed rate bonds on its platform. FSDH Funding SPV Plc is a special purpose vehicle set up...
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Company Income Tax increases by N97.05b In Q1
May 13, 2021 No Responses

Company Income Tax increases by N97.05b In Q1

The National Bureau of Statistics (NBS) has disclosed that  N392.77 billion was generated as Company Income Tax (CIT) in Quarter One, 2021 (Q1, 2021) an increase of N97.05 billion over N295.72 billion generated in Q4 2020.  This is revealed in t...
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Ecobank Nigeria Partners NiDCOM On National Development
May 11, 2021 No Responses

Ecobank Nigeria Partners NiDCOM On National Development

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has stated that the bank is  privileged to work closely with the Nigerians in Diaspora Commission, (NiDCOM) and will continue to pursue one of its key mandates of helping to enhance...
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NGX Opens Week With N59b Growth
May 11, 2021 No Responses

NGX Opens Week With N59b Growth

The nation’s bourse opened trading for the new week on Monday on a positive note with a growth of N59 billion, following interests in Tier 1 banks.  Specifically, the market capitalisation which opened at N20.431 trillion inched higher by N59 billi...
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Listing On LCFE: Heritage Bank-Dukia Gold Set To Unlock N344trillion Market Worth Of Gold
May 10, 2021 No Responses

Listing On LCFE: Heritage Bank-Dukia Gold Set To Unlock N344trillion Market Worth Of Gold

Heritage Bank for being part of valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited is set to unlock the over N344trillion market worth of gold investible instruments in the solid minerals sector with the concluded....
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NGX Market Capitalisation Loses N39b As Mobil Oil Delists
May 8, 2021 No Responses

NGX Market Capitalisation Loses N39b As Mobil Oil Delists

Trading on the Nigerian Exchange (NGX) Ltd. closed mixed on Friday with the market capitalisation dropping by N39 billion while the index rose by 0.21 per cent.  Specifically, the market capitalisation which opened at N20.470 trillion lost N39 billion or....
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Shareholders Laud Sterling Bank’s 2020 Performance
May 7, 2021 No Responses

Shareholders Laud Sterling Bank’s 2020 Performance

Shareholders of Sterling Bank Plc have commended the board and management of the bank for the remarkable display of resilience, improved performance and returns on investment in 2020 financial year  The shareholders gave the commendation at the bank’s 5...
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CBN Extends Naira For Dollar Incentive For Diaspora Remittances
May 7, 2021 No Responses

CBN Extends Naira For Dollar Incentive For Diaspora Remittances

The Central Bank of Nigeria (CBN) has announced an extension to its Naira 4 dollar incentive to encourage diaspora remittances till further notice.  The apex bank announced the extension on Wednesday through a memo by Saleh Jibrin, Director of Trade...
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