Capital Market Archives — Page 45 of 60

April 27, 2020 No Responses

FBN Holdings Shareholders Approve N13.64b Dividend For 2019

Shareholders of FBN Holdings Plc on Monday approved a total dividend of N13.64 billion declared by the company for the financial year ended December 31, 2019. The shareholders gave the approval at the company’s eighth Annual General Meeting (AGM) by...

April 23, 2020 No Responses

Nigerian Breweries Declares N83.2b Revenue, N5.5b Profit In Q1

The Board of Directors of Nigerian Breweries has announced a revenue of N83.2 billion for the first quarter ended March 31.The revenue represented a decrease of 0.09 per cent when compared with N83.3 billion achieved in the corresponding period of...

April 23, 2020 No Responses

Dangote Cement’s N100b Bonds Oversubscribed

Dangote Cement Plc, on Thursday, announced the successful issuance of its N100 billion Series 1 fixed rate senior unsecured bonds due April 2025.Mr Michel Puchercos, its Chief Executive Officer of the company, said in Lagos that the N100 billion bonds...

April 21, 2020 No Responses

COVID-19: Capital Market Support Committee To Raise N1b

In a bid to support the fight against COVID-19 and its impact on the Nigerian economy, the capital market community has launched an initiative with the aim of raising N1bn within the shortest possible time. This was stated by the...

April 20, 2020 No Responses

FBN Holdings Explains N4.3trillion Deposits, N28.7billion Profit In Q1

By citybusinessnews@yahoo.com For the First Quarter ended March 31st, 2020, FBN Holdings attained Customer Deposits of ₦4.3 trillion, up 6.7% when compared to the ₦4.0 trillion recorded in December 2019. In...

April 20, 2020 No Responses

DiamondXtra: Access Bank To Reward Customers

Access Bank Plc is set to splash millions of Naira on lucky customers who will emerge winners in the forthcomingDiamondXtra monthly draw scheduled to take place on Wednesday, May 13, 2020. According to Adaeze Ume, Group Head, Retail Products and Seg...

April 20, 2020 No Responses

Market Indicators Resume Week With 0.01% Loss

Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a marginal drop of 0.01 per cent. Speficially, the All-Share Index lost 1.18 points or 0.01 per cent to close at 22,920.41 from the 22,921.59 achieved...

April 17, 2020 No Responses

FBN Holdings Emerges Most Active Stock With 47.69m Shares

Again, FBN Holdings on Friday emerged the most active stock on the floor of Nigerian Stock Exchange (NSE), exchanging 47.69 million shares worth N219.71 million. FBN Holdings had on Wednesday topped activity chart with 74.758 shares valued at N354.24mill...

April 16, 2020 No Responses

PwC COVID-19 Survey: Liquidity, Safety Of Staff Top Concerns Of Businesses In Nigeria

Businesses in Nigeria have identified Liquidity and the safety of their staff among the most pressing business needs they are concerned about as they grapple with the impact of the COVID-19 pandemic. These are some of the findings from a...

April 16, 2020 No Responses

FBN Holdings Tops Activity Chart With 74.758m Shares

FBN Holdings on Wednesday topped activity chart on the floor of Nigeria Stock Exchange (NSE) with 74.758 million shares valued at N354.24 million. Zenith Bank followed with 72.11 million shares worth N1.097 billion, while Guaranty Trust Bank traded 36.77...

April 15, 2020 No Responses

Ecobank To Nigerians: Embrace Instant Account Opening With EcobankMobile *326#

Ecobank Nigeria is encouraging unbanked and underbanked Nigerians which include artisans such as mechanics, carpenters, electricians, small scale retailers, transporters and others who depend on daily earning for survival, to open bank accounts instantly...

April 15, 2020 No Responses

NSE Unveils Guidance On Virtual Meetings For Stakeholders

The Nigerian Stock Exchange (NSE) has published guidance on virtual Board, Committee, and Management Meetings for stakeholders.A statement issued on Wednesday explained that the Guidance is in response to the shift from conventional physical meetings to virtua...

April 14, 2020 No Responses

IMF Projects Recession For Sub-Saharan Africa In 2020

Sub-Saharan Africa’s gross domestic product is expected to contract 1.6 per cent this year, compared with 3.1 per cent growth in 2019, as the coronavirus pandemic wrecks the region’s economies, the International Monetary Fund said on Tuesday.Various Africa...

April 13, 2020 No Responses

SEC Nigeria Clarifies Ban On Sharing Of Gifts At AGM

The Securities and Exchange Commission (SEC) has clarified its position on the sharing of gifts at Annual General Meetings (AGM) as contained in Rule 602 (4) of its Rules and Regulations. According to the SEC, “Rule 602(4) states that ‘’public...