Capital Market – Page 29 – City Business News

April 18, 2022 No Responses

Presco: Sustaining Growth Through Expansion

No doubt, Presco Plc is one of the most fundamental stocks on the Nigerian Exchange Limited (NGX). In its unaudited 2021 financial statement for the period ended December 31, 2021, Presco Plc improved on profitability as the management expanded in the business...

April 15, 2022 No Responses

FX Repatriation: CBN Releases N3.5b Incentive To Exporters

The Central Bank of Nigeria (CBN) has released N3.5 billion rebate incentive to various exporters who sold goods through the Importers and Exporters Window. The CBN Governor, Mr Godwin Emefiele, made the announcement at the Bankers’ Committe...

April 11, 2022 No Responses

SEC Nigeria Receives FSD Africa Delegation, Harps On Technology-Driven Market

The Securities and Exchange Commission has restated its commitment to ensuring that technology plays a major role in enabling the nation’s capital market attain its full potentials. Director General of the SEC, Mr. Lamido Yuguda stated this durin...

April 8, 2022 No Responses

Neimeth Explains Agenda For N5b Fresh Capital

Shareholders of Neimeth International Pharmaceuticals PLC have approved the plan of the Board to raise the sum of N5 billion through a hybrid offering of Rights to existing shareholders and private placement. The money will be used to finance major...

April 8, 2022 No Responses

SEC Concludes ISA Review

April 8, 2022 No Responses

IOSCO Seeks Feedback On Market Liquidity, Corporate Bond Markets, Others

The Board of the International Organization of Securities Commissions (IOSCO) is publishing its report on corporate bond markets – drivers of liquidity during COVID-19 induced market stresses and invites stakeholder feedback on the analysis. &...

April 5, 2022 No Responses

Presco Issues N34.5b Series 1 Bond

By Moses Ebosele, ebosele@hotmail.com — Market leader in the supply of specialty fat and oils, Presco Plc has announced successful issuance of N34.5billion Series 1 seven-year Fixed Rate Bonds under its N50 billion Bond Issuan...

April 4, 2022 No Responses

SEC Nigeria Holds First CMC Meeting In 2022

The Securities and Exchange Commission (SEC) has announced that the first Capital Market Committee (CMC) meeting in 2022 will hold on Wednesday April 6, 2022.The meeting is scheduled to hold virtually through Zoom with key stakeholders in the capital market...

April 1, 2022 No Responses

Investdata Q2 Master Class On Opportunities In Volatile Market Holds Saturday

Investdata Consulting Limited will on Saturday hold its regular quarterly master class on 2022 titled Trading opportunities in a volatile market and defensive sectors in a pre-election year, between 9am and 4pm, on Saturday, April 2, 2022, via Zoom. A...

March 28, 2022 No Responses

SEC To Partner ABU On Capital Market Development

The Securities and Exchange Commission (SEC) is set to collaborate with Ahmadu Bello University, Zaria in a bid to further deepen the Nigerian capital market. Director-General of the SEC, Mr. Lamido Yuguda stated this when the Vice-Chancellor of ABU Prof ...

March 17, 2022 No Responses

Fidelity Bank Sensitizes Customers on Emerging Opportunities In Non-Oil Exports, CBN RT200 FX Policy

The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop for exporters and investors in...

March 16, 2022 No Responses

Ecobank Votes $40m For 2021 Dividend

Ecobank Transnational Incorporated (ETI) is set to pay shareholders dividends of $0.16 per share totaling $40 million for the year ended December 31, 2021, amounting to approximately CFA90, N66.6, or 1.08 Ghana Cedi per share. The Bank in a statement...

March 11, 2022 No Responses

Oando, UACN, Others Lift Market Capitalisation By N42b

Gains recorded by some large and medium capitalised stocks on Thursday lifted market capitalisation by N42 billion. The stocks include Oando, UACN, Jaiz Bank and R.T Briscoe. Specifically, the market capitalisation rose to N25.527 trillion, represe...

March 7, 2022 No Responses

2021: Dangote Increases Sugar Production To 811,962 Tonnes

For the full year ended December 31, 3021, the Management of Dangote Sugar has revealed that the group’s production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes, in the corresponding period of 2020. A statement....