Elumelu Proposes N50m Capital Base For Insurance Brokers

Elumelu Proposes N50m Capital Base For Insurance Brokers

Chairman, Heirs Holdings, Tony Elumelu,  on Thursday proposed N50 million as a capital base for insurance broking firms operating in Nigeria.  Elumelu, also founder, Tony Elumelu Foundation, said this at the 60th Anniversary Colloquium of the Nigerian Council of Registered Insurance...
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Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 

Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 

The Nigerian Exchange (NGX) on Wednesday gained N14 billion as market capitalisation closed at N26.531 trillion from N26.517 trillion recorded on Tuesday.  Also, the All Share Index (ASI) increased marginally by 10.25 basis points or 0.02 per cent gain to...
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Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

By Moses Ebosele, ebosele@hotmail.com   — For the 2021 financial year, Ardova Plc attained a gross revenue of N192.47 billion, representing a 5.95  per cent increase from the 2020 revenue of N181.66 billion, whilst the group revenue closed a...
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Stock Market Rebounds By N87b

Stock Market Rebounds By N87b

The Nigerian Exchange (NGX) was upbeat on Monday as market capitalisation increased by N87 billion or 0.33 per cent to close at N26.532 trillion from N26.445 trillion recorded on Friday.  Also, the All-Share Index (ASI) increased by 162.70 basis points,.....
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UBA Begins Cross-Border Transactions With PAPSS In Q4  

UBA Begins Cross-Border Transactions With PAPSS In Q4  

United Bank for Africa Plc (UBA) is to commence cross-border transactions with the new Pan-African Payment and Settlement System (PAPSS) in the fourth quarter of 2022.    Group Head, Digital Banking, UBA, Mr Kayode Olubiyi, expained on Tuesday at a.....
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Selloffs Persist As Equity Market Drops N19b

Selloffs Persist As Equity Market Drops N19b

Profit-taking continued on Thursday as the market capitalisation of the Nigerian Exchange Ltd. (NGX) lost N19 billion to close at N26.721 trillion as against N26.740 trillion the previous day.  The All Share Index (ASI) also decreased by 35.45 points or.....
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Export Earnings Takes Centre Stage As FICAN Holds Annual Conference

Export Earnings Takes Centre Stage As FICAN Holds Annual Conference

All is now set for the 2022 edition of the up Finance Correspondents Association of Nigeria (FICAN) annual conference. A statement issued by the leadership of the association disclosed that the conference, which will hold on Saturday 17th and Sunday...
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DMO Offers Two New FGN Savings Bonds

DMO Offers Two New FGN Savings Bonds

The Debt Management Office (DMO), on Monday, announced two new Federal Government of Nigeria (FGN) savings bonds offer at N1,000 per unit for September. According to the DMO, on its website, the first one is a two-Year FGN Savings Bond...
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SEC Seeks Tax Exemption On Corporate Bonds

SEC Seeks Tax Exemption On Corporate Bonds

The Securities and Exchange Commission (SEC)  has urged the federal government to consider its proposal to exempt corporate bonds from the payment of tax.  Speaking in Lagos at an interactive session with Journalists on the outcome of the second...
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SEC To Sanction Stakeholders Over Unclaimed Dividends

SEC To Sanction Stakeholders Over Unclaimed Dividends

The Securities and Exchange Commission (SEC) has threatened to sanction stakeholders whose actions are frustrating its efforts toward reducing the volume of unclaimed dividends.  Director-General of SEC, Mr Lamido Yuguda, said this at a post-Capital Marke...
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SEC: Capital Market Master Plan Promotes Transparency, Market Confidence 

SEC: Capital Market Master Plan Promotes Transparency, Market Confidence 

The Capital Market Master Plan (CMMP) initiatives have helped in promoting transparency, protecting investors and enhancing market confidence, the Securities and Exchange Commission (SEC), reiterated at the weekend.   SEC in a statement issued on Sun...
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Investors Recover N81b As Equity Market Closes Positive

Investors Recover N81b As Equity Market Closes Positive

Trading activities at the Nigeria equity market closed in a positive posture, as investors raked in N81.01 billion gain on Friday.  Similarly, the gain made the market capitalisation close at N27.358 trillion from N27.276 trillion recorded on Thursday.&nb...
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DMO Lists Additional FGN Savings Bonds 

DMO Lists Additional FGN Savings Bonds 

The Debt Management Office (DMO) has announced two additional Federal Government of Nigeria (FGN) savings bonds for an offer for the month of August, at N1,000 per unit.  DMO explained on Monday in Abuja that the first offer is a...
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Nigerian Breweries Declares N274.03b Revenue, N19.08b Profit In Six Months  

Nigerian Breweries Declares N274.03b Revenue, N19.08b Profit In Six Months  

For the first half of the year ended June 30, 2022, Nigerian Breweries Plc attained revenue of N274.03 billion, representing a growth of 31 per cent when compared with N209.22 billion posted in the preceding period of 2021.  A statement issued...
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