Tag: Nigeria Stock

Vitafoam Declares N1.87b Dividend
January 1, 2022 No Responses

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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NGX Recovers N5b
December 8, 2021 No Responses

NGX Recovers N5b

The Nigerian stock market rebounded on Tuesday by five billion naira to halt six days consecutive bearish outing.  Specifically, the market capitalisation which opened at N21.920 trillion inched higher by five billion or 0.02 per cent to close at N21.925....
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eTranzact: Resolving 70m Unbanked Population Will Increase Market Participation
December 7, 2021 No Responses

eTranzact: Resolving 70m Unbanked Population Will Increase Market Participation

The Managing Director/Chief Executive Officer of eTranzact International Plc, Mr Olaniyi Toluwalope, has said that leveraging technology could help close the investment gap in the capital market. Toluwalope said this at the Capital Market Correspondents Associ...
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FBN Holdings Reports N427b Gross Earnings, N40.9b Profit In Nine Months
December 7, 2021 No Responses

FBN Holdings Reports N427b Gross Earnings, N40.9b Profit In Nine Months

By Moses Ebosele, ebosele@hotmail.com — For the nine months ended September 30, 2021, FBN Holdings Plc has declared                        &nbs...
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Osinbajo Harps On Capital Market Innovations Through Technology
December 1, 2021 No Responses

Osinbajo Harps On Capital Market Innovations Through Technology

Nigeria is in a better position to advance its capital market locally and globally through technology and young people. This was the view expressed by Vice President Yemi Osinbajo, SAN, in his keynote speech on Tuesday in Abuja at first Capital Market ...
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NGX Drops Further By N12b
December 1, 2021 No Responses

NGX Drops Further By N12b

The Nigerian stock market ended trading for the month of November on Tuesday still on a bearish note with a loss of N12 billion.  Specificaly, the market capitalisation inched lower by N12 billion or 0.05 percent to close at N22.566...
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NGX Records N20b Loss
November 30, 2021 No Responses

NGX Records N20b Loss

Trading in the domestic equities market started the week on Monday with negative sentiments following sell pressure in 20 stocks.  Speficially, the market capitalisation which opened at N22.598 trillion lost N20 billion or 0.09 per cent to close at N22.57...
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SEC Warns Quoted Firms To Desist From Selective Dividend Payments
November 28, 2021 No Responses

SEC Warns Quoted Firms To Desist From Selective Dividend Payments

The Director-General, Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars to desist from selective payments and distribution of dividends.   Yuguda stated this in his keynote address on Saturday at the Insti...
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SEC Nigeria Urges Corporates to Leverage on Islamic Capital Market
November 10, 2021 No Responses

SEC Nigeria Urges Corporates to Leverage on Islamic Capital Market

As part of its developmental role, the Securities and Exchange Commission (SEC) has reiterated its commitment to encourage corporates to leverage on the Islamic Capital Market by providing and ensuring an attractive enabling environment.    Dire...
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Presco Declares Interim Dividend, N34.2b Revenue In Nine Months
October 29, 2021 No Responses

Presco Declares Interim Dividend, N34.2b Revenue In Nine Months

By Moses Ebosele, ebosele@hotmail.com    — For the nine months period ended September 30, 2021, Presco Plc attained N34.2b (N34,236,781) revenue, compared with N6.5 (N6,577,379) recorded within same period in 2020.    In its ...
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BUA Cement Declares N65.91b Profit In Nine Months
October 26, 2021 No Responses

BUA Cement Declares N65.91b Profit In Nine Months

By Moses Ebosele, ebosele@hotmail.com   — For the third quarter ended September 30, 2021, BUA Cement Plc has declared Profit After Tax of N65.91 billion, 23.22 percent higher than the N53.49 billion attained within same period in 2020.   Within the ...
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Oscar Onyema Resigns From NGX Board
October 15, 2021 No Responses

Oscar Onyema Resigns From NGX Board

By Moses Ebosele, ebosele@hotmail.com   —  The Nigerian Exchange Limited (NGX) has announced the resignation of Mr. Oscar N. Onyema, OON, as Non-Executive Director, with immediate effect. A statement sent to City Business News  by Acting Head, Corpo...
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NGX Group Seeks Global Competitiveness
October 12, 2021 No Responses

NGX Group Seeks Global Competitiveness

The Nigerian Exchange Group Plc (NGX Group) says it will leverage organic and inorganic growth opportunities for business expansion across relevant business categories to increase global competitiveness.  The Group Chief Executive Officer, NGX Group, Mr O...
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NGX: Group Protest Onyema’s Appointment, Listing
October 11, 2021 No Responses

NGX: Group Protest Onyema’s Appointment, Listing

Transparency group, Nigeria for All Nigerians (NAN) has called on the concerned regulatory authorities to stop violation of the Nigerian Investments and Securities Act by the impending listing by the introduction of the shares of Nigerian Exchange Group on th...
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