Capital Market – Page 27 – City Business News

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 Listings and Markets...

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....

May 30, 2022 No Responses

2021: TAJBank Reports 433 Per Cent Increase In PBT

TAJBank Limited, the second non-interest bank, recorded more milestones in its second year of operations with its profit before tax (PBT) surging to N1.6 billion in FY2021, representing 433% improvement over the preceding year’s profit. This is even as...

May 29, 2022 No Responses

FBNHoldings Declares N757b Revenue, N166.7b Profit Before Tax In 2021

For the year ended December 31st, 2021, FBN Holdings Plc has attained 28.2% increase in gross revenue to ₦757.3 billion and profit before tax of ₦166.7 billion, an increase of 99.9%.&...

May 28, 2022 No Responses

Market Capitalisation Recovers N504b

The key performance indicators of the Nigerian Exchange closed on Friday with 1.76 per cent growth amid gains in stocks of First Bank of Nigeria Holdings (FBNH), Airtel Africa, amongst others. Specifically, the market capitalisation inched higher by N504...

May 25, 2022 No Responses

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 ...

May 21, 2022 No Responses

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...

May 17, 2022 No Responses

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...