Capital Market Archives — Page 19 of 62

September 29, 2022 No Responses

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...

September 28, 2022 No Responses

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...

September 27, 2022 No Responses

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,.....

September 20, 2022 No Responses

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.....

September 16, 2022 No Responses

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.....

September 7, 2022 No Responses

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...

September 6, 2022 No Responses

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...

August 22, 2022 No Responses

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...

August 20, 2022 No Responses

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...

August 15, 2022 No Responses

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...

August 6, 2022 No Responses

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...