Capital Market Archives — Page 26 of 62

November 8, 2021 No Responses

FMDQ, Luxembourg Seal Dual Listing Partnership

As part of measures to boost international visibility and facilitate dual listing of green bonds, FMDQ Securities Exchange Limited has entered into a strategic partnership with Luxembourg Stock Exchange (LuxSE). This was revealed during the signing of the listing agent...

November 4, 2021 No Responses

SEC Nigeria Urges Sustained Green Investments In Capital Market

The Securities and Exchange Commission (SEC) has reiterated the need to facilitate the issuance of green and sustainable instruments in the Nigerian capital market, saying such issuances will go a long way to assist in financing solar energy and other...

November 4, 2021 No Responses

SEC DG Canvasses Support For Non-Interest Finance

The Director-General, Securities and Exchange Commission (SEC), Lamido Yuguda has stated that the Non-Interest finance segment holds great potentials in furthering the development of the capital market and the growth of the Nation’s economy.The SEC DG wh...

November 3, 2021 No Responses

JAMB Remits N3.51billion 2021 Operating Surplus

By Moses Ebosele, ebosele@hotmail.com The Joint Admissions and Matriculation Board (JAMB) has remitted N3.51 billion to the national treasury as part of its 2021 operating surplus. In a statement isued by its spokesperson, Dr Fabian Benjamin, ...

November 3, 2021 No Responses

Transcorp Hotels Reports N14.6b Revenue In Q3

TRANSCOHOT.LG, owner of Transcorp Hilton Abuja, Transcorp Hotels Calabar and Aura by Transcorp Hotels, has announced its unaudited Q3 results showing 115 percent growth in revenue year-on-year (YoY) to N14.6 billion and a gross profit growth of 149 percent to....

November 3, 2021 No Responses

Adeniyi Falade Joins Custodian Investment Board

By Moses Ebosele, ebosele@hotmail.com The Board of Custodian Investment Plc at the Board meeting held on October 27, 2021, approved the appointment of Mr. Adeniyi Falade as a Director on the Company’s Board with effec from January 1,...

October 31, 2021 No Responses

Okomu Oil Reports N31.04b Turnover In Nine Months

By Moses Ebosele, ebosele@hotmail.com — For the nine-month ended September 30, 2021, Okomu Oil Palm Company Plc has declared N31.04 billion turnover, representing increase of 66.79 percent when compared with N18.61 billion attained within same pe...

October 29, 2021 No Responses

Presco Declares Interim Dividend, N34.2b Revenue In Nine Months

By Moses Ebosele, ebosele@hotmail.com — For the nine months period ended September 30, 2021, Presco Plc attained N34.2b (N34,236,781) revenue, compared with N6.5 (N6,577,379) recorded within same period in 2020. In its ...

October 29, 2021 No Responses

FBN Holdings Appoints Okonkwo GMD

By Moses Ebosele, ebosele@hotmail.com — The Board of FBN Holdings (FBNH) Plc has approved the appointment of the immediate past Managing Director of Fidelity Bank Plc, Mr Nnamdi Okonkwo, as its new Group Managing Director, with effect from Janu...

October 28, 2021 No Responses

SAHCO Attains N6.4b Revenue In Nine Months

By Moses Ebosele, ebosele@hotmail.com — For the nine months period ended September 2021, Skyway Aviation Handling Company Plc (SAHCO) attained N6.2b (N6,423,637) revenue, compared with N4.9 (N4,955,544) recorded within same period in 2020.&n...

October 26, 2021 No Responses

BUA Cement Declares N65.91b Profit In Nine Months

By Moses Ebosele, ebosele@hotmail.com — For the third quarter ended September 30, 2021, BUA Cement Plc has declared Profit After Tax of N65.91 billion, 23.22 percent higher than the N53.49 billion attained within same period in 2020. Within the ...

October 26, 2021 No Responses

Q3: Nestle Nigeria Attains N33.58b Profit, To Pay 25k Interim Dividend

By ebosele@hotmail.com — For the third quarter ended September 30, 2021, Nestlé Nigeria Plc attained profit after tax (PAT) of N33.58 billion from N31.93 billion in the same period of 2020, representing a five percent increase. The company’s revenu...

October 22, 2021 No Responses

Bua Cement, MTNN, Airtel, lift NGX By N237b

Bullish sentiments persisted on the Nigerian Exchange (NGX) Ltd on Thursday with the market capitalisation increasing further by N237 billion due to investors’ sentiment in bellwethers. The bellwethers are BUA Cement, MTN Nigeria Commnuciations (MTNN) ...

October 19, 2021 No Responses

NGX Opens Week With N153b Loss On MTNN, Nestle Loses

Trading in the domestic bourse resumed for the week on Monday with bearish sentiments due to profit-taking in bellwether stocks – MTNN and Nestle. Specifically, the market capitalisation lost N153 billion or 0.71 percent to close at N21.471 trillion from.....