Capital Market – Page 22 – City Business News

April 26, 2023 No Responses

Investors Gain N137b On Capitalised Stocks

Equities market opened the week on Tuesday on a green note with a gain of N137 billion. Market capitalisation gained N137 billion to close at N28.1 trillion as against the N27.963 trillion posted at the last trading session on Thursday....

April 21, 2023 No Responses

Access Holdings Declares N1.4tri Gross Earnings For 2022

Access Holdings Plc has announced gross earnings of N1.39 trillion for the 2022 financial year. The company disclosed this in its Consolidated and Separate Financial Statement for the year ended December 31, 2022, released on Thursday in Lagos. The gross...

April 19, 2023 No Responses

Afriland Properties Shareholders Okay N137m Dividend For 2022

For the financial year ended December 31, 2022, the shareholders of Afriland Properties Plc, a property management and investment company, have approved a total dividend of N137 million. A statement issued by rhe company on Tuesday after its10th Annual General...

April 18, 2023 No Responses

Stock Market Investors Lose N418b

The equities market on Monday opened the week on a negative note, shedding N418 billion due to losses in largely capitalised stocks. The All-Share Index decreased by 766.56 per cent, representing a decline of 1.48 per cent, to close at...

April 15, 2023 No Responses

GTCO Declares N214b PBT For 2022

Guaranty Trust Holding Company Plc (GTCO) on Friday announced a profit before tax (PBT) of N214.2 billion in its Audited Consolidated and Separate Financial Statements for the year ended, December 31, 2022. The decrease in profit before tax, according to...

April 14, 2023 No Responses

NGX, Stakeholders To Unfold Opportunities In ETFs Market

Nigerian Exchange (NGX) in collaboration with key stakeholders in the capital market is to address major challenges and unfold opportunities in the Exchange Traded Funds (ETFs) market. Mr Clifford Akpolo, Head, Marketing and Corporate Communications, NGX in a ...

April 6, 2023 No Responses

Stock Market Investors Lose N553b

The domestic equity market on Wednesday recorded its third consecutive loss in the week, bringing down the benchmark Index by 1.88 per cent as investors sold off Airtel Africa and 13 others. The All Share Index (ASI) decreased by 1,016.42...

April 4, 2023 No Responses

Losses In Banking Stocks Push Indices Down By N76b

The equity market on Monday extended a negative position as it recorded N76 billion in losses, following sell-offs in Tier-one banking stocks. The market capitalisation lost N76 billion or 0.09 per cent to close at N29.517 trillion compared to N29.543...

March 30, 2023 No Responses

Capital Market Gets Major Boost As Senate Passes Investments Bill

The nation’s capital market received a major boost Wednesday as the Senate of the Federal Republic of Nigeria passed into law, the Investments and Securities Bill 2023. The Bill which is expected to aid the functioning of the capital market and...

March 16, 2023 No Responses

Presco Bags Company Of The Year Award

Presco Plc has emerged winner of the year 2022 company of the year award in recognition of its c contribtions to the agricultural sector in Nigeria.. Speaking at the 2023 Investors’s summit held on thursday in Ibadan, Oyo State, the org...

March 14, 2023 No Responses

DMO Re-Opens Auction For N360b FGN Bonds

The Debt Management Office (DMO) on Tuesday offered four Federal Government of Nigeria (FGN) Bonds valued at N360 billion for subscription through auction. According to the DMO, the first offer is a February 2028 FGN Bond valued at N90 billion...

March 14, 2023 No Responses

Naira Loses Further To Dollar

Naira lost further to the dollar on Monday as it exchanged at N461.67 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.04 per cent, compared to the N461.50 for which it exchanged to the dollar at...

March 14, 2023 No Responses

Shareholders Hold Investors Summit Thursday

All is now set for the 2023 Investors’ Summit organized by members of the Proactive Shareholders Association of Nigeria (PROSAN). Under the chairmanship of former chairman, NAHCO AVIANCE, Alhaji Sulaiman Yahyah, the event is scheduled to hold on Thursday, Ma...

March 13, 2023 No Responses

CBN To Banks: Comply With Supreme Court’s Judgement On Naira Notes

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson in a statement said, “In compliance with the established tradition of obedience to court orders...