Tag: Capital Market

Lafarge Africa Declares 30.8% Growth In 2020
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 on Friday in a statement that the growth...
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NASCON Shareholders Approve N1.06b Dividend For 2020
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...
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Seplat’s Shareholders Get $344m Dividend In Eight Years
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)...
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Lagos Cooperatives Capital Base Increases To N33b
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...
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Eternal, ABC Transport, Others Lift Market Capitalisation With N25b
May 15, 2021 No Responses

Eternal, ABC Transport, Others Lift Market Capitalisation With N25b

Transactions resumed on the Nigerian Exchange (NGX) on Friday after the public holdiays to mark the Eid-el-Fitr celebration with a growth of N25 billion.  Speficially, the market capitalisation rose by N25 billion or 0.12 per cent to close at N20.552...
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Company Income Tax increases by N97.05b In Q1
May 13, 2021 No Responses

Company Income Tax increases by N97.05b In Q1

The National Bureau of Statistics (NBS) has disclosed that  N392.77 billion was generated as Company Income Tax (CIT) in Quarter One, 2021 (Q1, 2021) an increase of N97.05 billion over N295.72 billion generated in Q4 2020.  This is revealed in t...
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NGX Opens Week With N59b Growth
May 11, 2021 No Responses

NGX Opens Week With N59b Growth

The nation’s bourse opened trading for the new week on Monday on a positive note with a growth of N59 billion, following interests in Tier 1 banks.  Specifically, the market capitalisation which opened at N20.431 trillion inched higher by N59 billi...
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Listing On LCFE: Heritage Bank-Dukia Gold Set To Unlock N344trillion Market Worth Of Gold
May 10, 2021 No Responses

Listing On LCFE: Heritage Bank-Dukia Gold Set To Unlock N344trillion Market Worth Of Gold

Heritage Bank for being part of valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited is set to unlock the over N344trillion market worth of gold investible instruments in the solid minerals sector with the concluded....
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CBN Decries Low Participation Of South-East In Economic Programmes
May 5, 2021 No Responses

CBN Decries Low Participation Of South-East In Economic Programmes

The Central Bank of Nigeria (CBN) has decried the low participation of the South-East in its economic intervention policies and programmes. The acting Director, Corporate Communications Department of the bank, Mr Osita Nwanisobi, explained on Tuesday during CB...
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NGX Records N419b Growth In April
May 3, 2021 No Responses

NGX Records N419b Growth In April

The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies.  Specifically, the market capitalisation which closed trading in March at N20.428 trillion...
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Access Bank Explains Q1 30% Increase In Profit Before Tax
April 30, 2021 No Responses

Access Bank Explains Q1 30% Increase In Profit Before Tax

Access Bank Plc has posted a profit before tax (PBT) of N60.1billion  representing an increase of 30 per cent for the first quarter ended March 31.  The Chief Executive Officer of the group, Mr Herbert Wigwe, disclosed in an unaudited financial....
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FBN Holdings Shareholders Okay N16.15b For 2020 Dividend
April 28, 2021 No Responses

FBN Holdings Shareholders Okay N16.15b For 2020 Dividend

Shareholders of FBN Holdings Plc, on Tuesday, endorsed a total dividend of N16.15 billion declared for the financial year ended December 31, 2020.  The shareholders approved the dividend at the company’s ninth Annual General Mee...
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SEC Nigeria, FSD Africa To Develop ICT Transformation Strategy
April 28, 2021 No Responses

SEC Nigeria, FSD Africa To Develop ICT Transformation Strategy

The Securities and Exchange Commission (SEC) with the support of FSD Africa is to develop an Information Communication and Technology (ICT) transformation strategy to improve market regulatory efficiency.  A document published on the commission’s websit...
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TAJBank Declares N845m Profit In 2020
April 26, 2021 No Responses

TAJBank Declares N845m Profit In 2020

For the year ended December 2020, TAJBank has declared N845million Profit After Tax (PAT) and total assets of N50 billion.   In a statement on Sunday, TAJBank explained that result attained within its first year of operation “ highest earning per.....
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