Stock Business – Page 2 – City Business News

March 7, 2022 No Responses

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). In a statement at the weekend, the Group explained that its balance sheet rem...

February 20, 2022 No Responses

United Capital Proposes 114% Increase In Dividend

United Capital Plc, an investment bank and pan-African financial services group, has proposed 114 per cent dividend increase to N1.50 for every 50k ordinary share for the financial year ended Dec. 31, 2021. The Group Chief Executive Officer of the...

February 8, 2022 No Responses

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,...

January 27, 2022 No Responses

NGX Market Capitalisation Crosses N25trillion

Transactions on the nation’s bourse sustained positive momentum on Wednesday with the market capitalisation growing by N318 billion to cross over N25 trillion mark. At the end of the day’s transaction, the market capitalisation rose b...

January 21, 2022 No Responses

DMO’s Bond Auction Records N300b Over Subscription

The Debt Management Office (DMO) has revealed that the just concluded Federal Government of Nigeria (FGN) bond auction for January was oversubscribed. In a statement on Thursday, DMO explained that the auction received a total of 160 bids, adding that...

January 1, 2022 No Responses

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...

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...

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...

November 18, 2021 No Responses

NGX Outlines Benefits Of Special Purpose Acquisition Firms

The Nigerian Exchange Ltd (NGX) has identified the Special Acquisition Compaines (SPACs) as a timely solution that will offer an alternative route to increasing the number of listings in the capital market. The Head, Listing Business of the NGX, Mr...

October 30, 2021 No Responses

Guinness, Custodian Insurance, AIICO Top Gainers’ Chart As Bulls Sustain Dominance On NGX

The bulls maintained dominance on the Nigerian Exchange Ltd (NGX) on Friday with the All-Share Index crossing 42,000 mark on sustained gains. Specifically, the index inched higher by 77.46 points or 0.18 per cent to close at 42,038.60 from 41,961.14...

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 ...

October 19, 2021 No Responses

NGX Opens Week With N153b Loss On MTNN, Nestle Loses

Trading in the domestic bourse resumed for the week on Monday with bearish sentiments due to profit-taking in bellwether stocks – MTNN and Nestle. Specifically, the market capitalisation lost N153 billion or 0.71 percent to close at N21.471 trillion from.....

October 7, 2021 No Responses

NGX Market Indices Extend Gain By 0.12%

Activities on the domestic equities market closed Wednesday on a positive note, extending the gaining streak to five consecutive trading sessions. The positive outcome was buoyed by investors’ buy-interests in banking and industrial sectors, with marke...

August 9, 2021 No Responses

Virgin Atlantic Considers Stock Market Listing

Sir Richard Branson’s Virgin Atlantic is exploring a possible listing on the London stock market to raise money to repair the airline’s finances. The move could see shares offered to private investors as well as big City firms, but mean...