Capital Market Archives — Page 20 of 62

July 30, 2022 No Responses

Unity Bank Posts N27.6b Gross Earnings In Six Months

Unity Bank Plc has announced a gross earnings of N27.6 billion for the first half of 2022 ended June 30. According to the result, the figure represented a growth of 17.09 per cent compared with N23.6 billion posted in the...

July 20, 2022 No Responses

Dangote Industries Completes Issuance Of N187.6b Bonds

Dangote Industries Limited (DIL) has announced the successful completion of the company’s N187.6 billion series 1 bond issuance. The bond is the largest corporate bond ever issued in the history of the Nigerian capital market. The company in a statemen...

July 20, 2022 No Responses

CBN Increases Benchmark Interest Rate To 14%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday increased the Monetary Policy Rate (MPR) to 14 per cent from its initial 13 per cent. Reading a communiqué after the committee’s meeting in Lagos, Mr...

July 19, 2022 No Responses

DMO Raises N123b In July FG Bond Auction

The Debt Management Office (DMO) has raised N123.85billion in its July Federal Government of Nigeria (FGN) bond auction. A statement issued by DMO on Monday explained that the three instruments auctioned were valued at N75 billion each, totalling N225 bi...

July 7, 2022 No Responses

Ardova Declares N1.54b Profit For 2021

For the financial year ended December 31, 2021, Ardova Plc (AP) has reported a profit of N1.54 billion. In its audited financial statements and first quarter (Q1) 2022 unaudited financial results which were released on Thursday, Ardova Plc explained that...

July 7, 2022 No Responses

FG Targets N720b in Q3 As DMO Unveil Bond Issuance Calendar

The Federal Government is set to generate about N720 billion in the third quarter of 2022 from FGN Bonds. This is according to “FGN Bond Issuance Calendar For Third Quarter, 2022” as released by the Debt Management Office (DMO). The...

July 2, 2022 No Responses

FMDQ Exchange Lists Presco’s N50b Bond

The FMDQ Securities Exchange Ltd has approved the listing of oil palm processing company, Presco Plc’s N50 billion bond on its platform. In a statement issued on Friday, FMDQ said: “Following the due diligence of the Exchange’s Board Lis...

June 29, 2022 No Responses

Unclaimed Dividends Hit N180b

Lamido Yuguda, the Director-General, Security and Exchange Commission (SEC), on Tuesday, said the commission is working to ensure it reduces the level of unclaimed dividends to zero per cent. Speaking at an interactive session with editors on Tuesday in Lagos,...

June 28, 2022 No Responses

Finance Minister Receives Revised Nigerian Capital Market Master Plan

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has received the Revised Nigerian Capital Market Master Plan (2021-2025). Receiving the report on Monday in Abuja, the Minister reiterated the commitment of the Federal Government to...

June 27, 2022 No Responses

SEC Receives CIS Delegation, Harps On Cooperation To Bridge Infrastructure Gap

By Moses Ebosele, ebosele@hotmail.com — The Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has challenged relevant stakeholders to cooperate with the Securities and Exchange Commission (SEC) in its desire to help bridg...

June 22, 2022 No Responses

SEC Nigeria Identifies Critical Factors For Successful Capital Market Inclusion

Availability, affordability, accessibility, awareness and adequacy of capital market products will drive inclusion in the market across the country, the Securities and Exchange Commission (SEC), has said Mr Lamido Yuguda, the Director-General of SEC, out...

June 6, 2022 No Responses

Shareholders Laud NASCON’s N2.97b Net Profit In 2021

National Salt Company of Nigeria (NASCON) Allied Industry Plc, a subsidiary of Dangote Industries (DIL) Ltd., recorded a net profit of N2.97 billion, while profit before tax rose from N3.9 billion to N4.3 billion for the year 2021. A statement issue...

June 5, 2022 No Responses

DMO Lists Two New FGN Bonds

The Debt Management Office (DMO) has listed two new Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to the DMO, the first one is a two-year savings bond maturing on June 15, 2024, at an...

June 1, 2022 No Responses

Market Capitalisation Loses N422b

The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28.567 trillion from N28.989 trillion on Monday. The All-Share Index (ASI) also dipped by 1.45 per cent to 52,990.28 points from 53,772.14 points....