Capital Market – Page 48 – City Business News

July 6, 2020 No Responses

Market Capitalisation Opens Week With N162b Loss

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a loss of N162 billion in a day. Specifically, the market capitalisation which opened at N12.695 trillion lost N162 billion to close at N12.533 trillion. Also, the...

July 3, 2020 No Responses

PwC Nigeria Admits Eight New Partners

PwC Nigeria has admitted eight professionals into its partnership, with effect from July 1, 2020. According to PwC, this is a record number for “the leading professional services firm, demonstrating its commitment to diversity, inclusion, and developin...

July 1, 2020 No Responses

Conoil Records N139.8b Turnover, Declares N2 Dividend For 2019

For the financial year ended December 31, 2019, Conoil Plc recorded a turnover of N139.8 billion, representing an increase of 14.4 per cent when compared with N122.21 billion achieved in the corresponding period in 2018. In a statement on Tuesday,...

July 1, 2020 No Responses

NSE Reviews Pension Index

The Nigerian Stock Exchange (NSE), on Tuesday, announced the review of the eligibility criteria for the NSE Pension Index in line with changes in the regulatory and market requirements. Chairman, Index Governance Committee, Mr Abimbola Babalola, explained...

June 30, 2020 No Responses

SAHCO Shareholders Approve N223.34m Dividend For 2019

Shareholders of Skyway Aviation Handling Company PLC (SAHCOL) on Tuesday approved a total dividend of N223.34 million for the financial year ended December 31, 2019, translating to 16.50k per share. The shareholders unanimously gave the approval at the co...

June 30, 2020 No Responses

Fidelity Bank Lauds NNPC, OilServ, Pledges Support For $2.8b AKK Gas Project

Fidelity Bank Plc, Tuesday commended the Nigerian National Petroleum Corporation (NNPC) and Oilserv, contractors to the $2.8bn Ajaokuta – Kaduna – Kano (AKK) Gas Pipeline Project, which was flagged off Tuesday, June 30, 2020, with the ground breaki...

June 30, 2020 No Responses

Court Okays Suits Against Uni Abuja VC, DG SEC

The Federal High Court Abuja on Tuesday, granted the Centre for Social Justice leave to file a suit against the Vice Chancellor of the University of Abuja. The court equally gave the centre permission to commence legal action against the Director-.....

June 29, 2020 No Responses

Cutix, Okomu Oil Top Gainers’ Table As Market Capitalisation Records N15b Growth

Activities on the Nigerian Stock Exchange (NSE) resumed on Monday for the week on a positive note with key indicators improving by 0.12 per cent. Specifically, the All-Share Index (ASI) increased by 29.87 points, indicating a growth of 0.12 per...

June 26, 2020 No Responses

Airtel Africa, Nestle Top Gainers’ Table As Market Capitalisation Recovers N107b

After days of bearish trend, transactions rebounded on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation increasing by N107 billion, The market capitalisation closed at N12.952 trillion, compared with N12.845 trillion achieved on Thurs...

June 26, 2020 No Responses

First Bank Empowers Women Through First Gem online Community

First Bank of Nigeria Limited has unveiled all-female online community www.firstgem.com.ng, offers mentoring, support and capacity building opportunities for all to create a new generation of financially literate women. With the aim to increase its engagement...

June 24, 2020 No Responses

Nigerian Breweries Shareholders Approve N16.1b Dividend For 2019

Nigerian Breweries shareholders have approved N16.1 billion as dividend for the financial year ended December 31, 2019, translating to N2.01 per share.. Chairman of the company,Chief Kola Jamodu in a statement on Wednesday explained that the approval was sec...

June 24, 2020 No Responses

Berger Paints Declares N3.59b Revenue, N448.7m Profit In 2019

For the year ended December 31, 2019, Berger Paints Nigeria Plc recorded a revenue of N3.59 billion as against N3.3 billion attained in the preceding year, an increase of six per cent. Also, gross profit for the year grew by...

June 24, 2020 No Responses

NSE Market Capitalisation Drops Further By N50b

Weak sentiments and sell pressure continued on the Nigerian Stock Exchange (NSE) on Wednesday with the indices extending loses for the fifth consecutive trading session. Consequently, the key performance indices dropped further by 0.38 per cent due to sell-off...

June 24, 2020 No Responses

Stockbrokers Task FG On Fixed Income Securities

Stockbrokers on the Nigerian Stock Exchange have called for more issuance of fixed income securities by the government to finance infrastructure deficit. They described the recent over-subscription of Sukuk Ijarah, issued by the Federal Government, as a clear ...