SEC Receives CIS Delegation, Harps On Cooperation To Bridge Infrastructure Gap 

SEC Receives CIS Delegation, Harps On Cooperation To Bridge Infrastructure Gap 

By Moses Ebosele, ebosele@hotmail.com   — The Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has challenged relevant stakeholders to cooperate with the Securities and Exchange Commission (SEC) in its desire to help bridge the infrastructure gap in the country.  Speaking...
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CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends

CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends

In keeping to its commitment of ensuring strong and sustainable returns to its shareholders, the Board of Central Securities Clearing System (CSCS) Plc has proposed a total dividend of N3.7Billion to its shareholders, reinforcing the value accretion to its equ...
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MTN Nigeria Shareholders Get N13.12b Dividend For 2021

MTN Nigeria Shareholders Get N13.12b Dividend For 2021

For the year 2021, MTN Nigeria Communications Plc paid N13.12 billion as dividends to shareholders.  Its audited Financial Statement for the year released in Lagos on Friday showed that the company paid N8.57k per shareholding.  The statement also in...
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Oando, UACN, Others Lift Market Capitalisation By N42b

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...
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GTCO Explains N5.4Tri Total Assets, ₦221.5b PBT In 2021

GTCO Explains N5.4Tri Total Assets, ₦221.5b PBT In 2021

For the year ended December 31, 2021, Guaranty Trust Holding Company Plc (GTCO) has released its audited consolidated and separate financial statements to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).&nbs...
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GTCO Acquires Wealth Management Firm  

GTCO Acquires Wealth Management Firm  

Guaranty Trust Holding Company Plc (GTCO Plc) has acquired 100 per cent shares in Investment One Funds Management Limited, a wealth management company.  GTCO in a notice signed by Erhi Obebeduo and sent to the Nigerian Exchange Limited on Monday,...
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2022:FMDQ Group Lists Priorities For Growth

2022:FMDQ Group Lists Priorities For Growth

FMDQ Group has listed priorities to be pursued by the company in 2022 to enhance the growth and development of the fixed income markets.  Ms Kaodi Ugoji, Group Chief Operating Officer, FMDQ Group, said the top priorities were the launch...
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NGX Loses N281b Amid Profit-Taking On Dangote Cement

NGX Loses N281b Amid Profit-Taking On Dangote Cement

The bears resurfaced at the nation’s bourse on Thursday as a result of profit taking in Dangote Cement and 17 other stocks.  Accordingly, the All-Share Index declined by 520.76 per cent or 1.12 per cent to close at 46,009.23 from...
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DMO Lists $4b Oversubscribed Eurobond In FMDQ Exchange

DMO Lists $4b Oversubscribed Eurobond In FMDQ Exchange

Debt Management Office (DMO) has listed its 2021 $4 billion Federal Government of Nigeria (FGN) Eurobonds on the FMDQ Group Securities Exchange.  This is in a bid to build investors’ confidence and also secure their investments.  The DMO revea...
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SEC Lauds NGX, CSCS, Others On Market Development

SEC Lauds NGX, CSCS, Others On Market Development

The securities and Exchange Commission has commended the Nigerian Exchange Limited, the Central Securities Clearing System and other capital market stakeholders for professionally working to develop the Market while pulling through the challenges brought by Co...
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NGX Sustains Growth By N130b On BUA Foods Rally

NGX Sustains Growth By N130b On BUA Foods Rally

The bulls sustained trading on the nation’s bourse on Friday with the market capitalisation extending growth by N130 billion.  Specifically, the market capitalisation which opened at N23.497 trillion rose by N130 billion to close at N23.627 trillion.&nb...
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SEC Implores Fund Managers On Regulatory Fees Payment

SEC Implores Fund Managers On Regulatory Fees Payment

The Securities and Exchange Commission has reminded all fund managers that payment of the annual supervisory fee to the Commission becomes due from the 1st January 2022 and full payment must be made on or before 31st January 2022.  &nb...
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NGX Closes 2021 Last Trading Day With N471b Gain

NGX Closes 2021 Last Trading Day With N471b Gain

The nation’s bourse rebounded on Friday to close the last trading day of 2021 with a growth of N471 billion due to gains posted by some blue chips.  Speficially, the market capitalisation inched higher by N471 billion or 2.16 per...
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Vitafoam Declares N1.87b Dividend

Vitafoam Declares N1.87b Dividend

Vitafoam Nigeria Plc has posted a profit before tax (PBT) of N6.78 billion for the full year ended Sept. 30, 2021  The company’s Group Managing Director, Mr Taiwo Adeniyi, disclosed in this in its audited financial statement sent to Nigerian...
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