Capital Market – Page 27 – City Business News

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 Market Committee (CMC) news conference...

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...

August 2, 2022 No Responses

DMO Lists Additional FGN Savings Bonds

The Debt Management Office (DMO) has announced two additional Federal Government of Nigeria (FGN) savings bonds for an offer for the month of August, at N1,000 per unit. DMO explained on Monday in Abuja that the first offer is a...

August 1, 2022 No Responses

Nigerian Breweries Declares N274.03b Revenue, N19.08b Profit In Six Months

For the first half of the year ended June 30, 2022, Nigerian Breweries Plc attained revenue of N274.03 billion, representing a growth of 31 per cent when compared with N209.22 billion posted in the preceding period of 2021. A statement issued...

July 30, 2022 No Responses

FBN Holdings Declares N359.2b Gross Earnings, N56.5b Profit In Six Months

FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with a gross earnings of N359.2 billion. In a statement on Friday, the company explained that the gross earnings indicated an increase of 22.4...

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,...