NGX Loses N519billion

NGX Loses N519billion

The negative sentiment continued on the Nigerian Exchange Ltd., (NGX) on Tuesday with the market capitalisation declining further by N519 billion to close at N28.006 trillion against N28.525 trillion on Monday.  In the same vein, the All-Share Index lost by...
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Fidelity Bank Partners Edo, GIZ To Host CBN RT200 FX Exports Roundtable 

Fidelity Bank Partners Edo, GIZ To Host CBN RT200 FX Exports Roundtable 

Fidelity Bank Plc has announced plans to host an exports roundtable and policy sensitisation workshop for businesses in Benin-City, Edo State capital in partnership with the Edo State Investment Promotion Office (ESIPO) and GIZ on Tuesday, 24 May 2022. &n...
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Dangote Cement Declares N413.2b Revenue,  ₦105.9b Profit In Q1

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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SAHCO Wins Best Performing Stock Award

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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DMO Lists N225b FGN Bond For Subscription By Auction

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

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  

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

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

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

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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Shell Records $9.13b Profits In Three Months

Shell Records $9.13b Profits In Three Months

Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the...
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Oluwole Adeosun Emerges President Of Stockbrokers’ institute

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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Access Bank Partners FG, To Roll Out Loans For Farmers, SMEs

Access Bank Partners FG, To Roll Out Loans For Farmers, SMEs

Access Bank Plc has partnered the Ministry of Humanitarian Affairs, Disaster Management and Social Development to roll out a loan scheme for poor farmers aged 18 years to 55 years and other vulnerable groups.   In  statement on Thursday, the ban...
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Dangote Cement Ramps Up Production At Okpella Plant, Attains N105.9 b Profit In Q1

Dangote Cement Ramps Up Production At Okpella Plant, Attains N105.9 b Profit In Q1

Dangote Cement Plc, has ramped up production at its newest plant, in Okpella, Edo State as its earnings per share rose by 16.8 per cent to N6.18 for the first quarter ended March 31, 2022.  Chief Executive Officer, Dangote Cement,...
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