Capital Market Archives — Page 30 of 62

June 24, 2021 No Responses

NCDMB, NEXIM Seal $30m Capital, Capacity Building Fund Agreement

The Nigeria Content Development and Monitoring Bank (NCDMB) and the Nigeria Export Import Bank (NEXIM) have signed agreement on 30 $30million Capital and Capacity building Fund for the oil and gas sector servicing. Mr Simbi wabote, the Executive Secretary of...

June 17, 2021 No Responses

Dangote Cement Issues N50b Bond

By citybusinessnews@yahoo.com — Dangote Cement Plc has announced the successful issuance of N50 billion series 1 fixed rate senior unsecured bonds, under its new N300 billion multi-instrument issuance programme. Chief Executive Officer, Dangote Ce...

June 16, 2021 No Responses

Airtel, Okomu Oil Top Losers‘ Chart As Investors Lose N340b

Transaction at the domestic bourse opened the week on a bearish mood with the market capitalisation losing N340 billion in one day, due to drop in large and medium capitalised stocks Specifically, the market capitalisation, which opened at N20.409 trilli...

June 9, 2021 No Responses

Okomu Oil, Learn Africa Top Gainers’ Table As Nigerian Stock Market Recovers N102b

Transaction on the Nigerian stock market returned to positive territory on Tuesday with investors’ net worth appreciating by N102 billion. The bullish performance was due to investors’ buy interest in industrial goods, consumer goods and oil & ga...

June 8, 2021 No Responses

ETI To Raise $300m From Capital Market

Ecobank Transnational Incorporated (ETI) Plc has announced plans to raise $300million from the International Debt Capital Markets (IDCM), through the issuance of tier 2 qualifying sustainability notes. Ms Adenike Laoye, Group Head, Corporate Communicatio...

June 7, 2021 No Responses

CBN Increases Forex Allocation To Banks

The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly relates to requests of travelers seeking foreign exchange for travel allowances, payment of...

June 3, 2021 No Responses

FMDQ Admits Union Bank N34.96b CPs

FMDQ Securities Exchange Ltd on Wednesday approved the quotation of Union Bank of Nigeria Plc N2.58 billion Series 8 and N32.38 billion Series 9 Commercial Papers (CPs). The Chief Executive Officer of the Bank, Mr Emeka Okonkwo, in a statement...

June 2, 2021 No Responses

NGX Opens Trading In June With N12b Loss

Sentiments on the nation’s bourse turned negative on Tuesday closing the first trading session in June with a loss of N12 billion, amid losses in Seplat and 16 others. Consequently, the market capitalisation which opened for the month at N20.034...

June 1, 2021 No Responses

MRS Oil, Vitafoam Top Gainers’ Table As Investors Earn N94b On NGX

Transactions on the Nigerian Exchange (NGX) closed Monday upbeat with a N94 billion growth. Specifically, the market capitalisation returned to the N20 trillion mark, increasing by N94 billion to close at N20.034 trillion from N19.940 trillion on Friday....

May 29, 2021 No Responses

FMDQ Lists TrustBanc Holdings Maiden Commercial Paper

FMDQ Securities Exchange Ltd has approved the quotation of TrustBanc Holdings Ltd., N0.20 billion series 1 Commercial Paper (CP), under its N10 billion CP issuance programme. The company in a statement on Friday explained that TrustBanc Holdings is a reg...

May 29, 2021 No Responses

Lafarge Africa Declares 30.8% Growth In 2020

By citybusinessnews@yahoo.com — Foremost cement manufacturers, Lafarge Africa Plc has posted 30.8 per cent growth in its recurring earnings before interest and taxes (EBIT). Chairman of the company’s board, Prince Adebode Adefioye, explained o...

May 29, 2021 No Responses

NASCON Shareholders Approve N1.06b Dividend For 2020

Shareholders of NASCON Allied Industries Plc have approved a total dividend of N1.06 billion declared by the Board of the company for the financial year ended December 31, 2020, amounting to 40kobo per share. Speaking at the meeting, the Natio...

May 21, 2021 No Responses

Seplat’s Shareholders Get $344m Dividend In Eight Years

By citybusinessnews@yahoo.com — Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE), on Thursday held its 8th Annual General Meeting (AGM)...

May 18, 2021 No Responses

Lagos Cooperatives Capital Base Increases To N33b

The Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs Lola Akande, has disclosed that the cooperative service capital base has increased to N33 billion in 2021. Akande made this known on Monday in Lagos at the 2021 ministerial news...