Coronation MB Lists N25B Bond On NGX

Coronation MB Lists N25B Bond On NGX

Coronation Merchant Bank Funding SPV Plc listed its Twenty-Five Billion Naira (N25Bn) Bond on Nigerian Exchange (NGX) Limited on Wednesday, 30 June 2021.  The 5-year 6.25% Series one (1) Fixed Rate Subordinated Unsecured Bonds due 2025 is under Coronation Mb...
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MasterCard Index Predicts 81% SMEs Growth In Africa, Middle East

MasterCard Index Predicts 81% SMEs Growth In Africa, Middle East

MasterCard on Sunday announced that its latest research shows that Small and Medium Enterprise (SME) confidence in Middle East, North Africa (MENA) is on the rise.  It said the rise was after facing unprecedented changes in the wake of the...
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FG Commends NGX On Capital Market Development

FG Commends NGX On Capital Market Development

The Federal Government has commended the Nigerian Exchange (NGX) Limited for its efforts in ensuring that the Nigerian capital market (NCM) is deepened.   The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, made the commendation ...
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Mixta Real Estate Quotes N1.02b CP On FMDQ

Mixta Real Estate Quotes N1.02b CP On FMDQ

The FMDQ Securities Exchange Ltd. has approved the quotation of Mixta Real Estate Plc’s N1.02 billion Series 36 Commercial Papers (CP)  Issuance on its platform.  FMDQ in a statement on Monday explained that the offer was approved by FMDQ under...
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NGX Unveils Enhanced Brokers Performance Ranking Report

NGX Unveils Enhanced Brokers Performance Ranking Report

By citybusinessnews@yahoo.com — Nigerian Exchange Limited (NGX) has launched an enhanced broker performance ranking report designed to provide detailed insight into the performance of Trading License Holders across asset classes and improve participatio...
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Okomu Oil, Learn Africa Top Gainers’ Table As Nigerian Stock Market Recovers N102b

Okomu Oil, Learn Africa Top Gainers’ Table As Nigerian Stock Market Recovers N102b

Transaction on the Nigerian stock market returned to positive territory on Tuesday with investors’ net worth appreciating by N102 billion.  The bullish performance was due to investors’ buy interest in industrial goods, consumer goods and oil & ga...
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CBN Increases Forex Allocation To Banks

CBN Increases Forex Allocation To Banks

The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly relates to requests of travelers seeking foreign exchange for travel allowances, payment of...
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FMDQ Admits Union Bank N34.96b CPs

FMDQ Admits Union Bank N34.96b CPs

FMDQ Securities Exchange Ltd on Wednesday approved the quotation of Union Bank of Nigeria Plc N2.58 billion Series 8 and N32.38 billion Series 9 Commercial Papers (CPs).  The Chief Executive Officer of the Bank, Mr Emeka Okonkwo, in a statement...
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NGX Opens Trading In June With N12b Loss

NGX Opens Trading In June With N12b Loss

Sentiments on the nation’s bourse turned negative on Tuesday closing the first trading session in June with a loss of N12 billion, amid losses in Seplat and 16 others.  Consequently, the market capitalisation which opened for the month at N20.034...
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NASCON Shareholders Approve N1.06b Dividend For 2020

NASCON Shareholders Approve N1.06b Dividend For 2020

Shareholders of NASCON Allied Industries Plc have approved a total dividend of N1.06 billion declared by the Board of the  company for the financial year ended December 31, 2020, amounting to 40kobo per share.  Speaking at the meeting, the Natio...
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SEC Nigeria Adopts Sustainable Finance Guidelines For CMOs

SEC Nigeria Adopts Sustainable Finance Guidelines For CMOs

The Securities and Exchange Commission (SEC) has adopted the Nigerian Sustainable Finance Principles (NSFP) which was developed by the Financial Services Regulation Coordinating Committee (FSRCC) for Capital Market Operators (CMOs).   A statemen...
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Me Cure Industries Lists N3b Bond On NGX

Me Cure Industries Lists N3b Bond On NGX

By citybusinessnews@yahoo.com — Me Cure Industries Limited commemorated the listing of its N3Billion bond with a digital Closing Gong Ceremony on Nigerian Exchange (NGX) Limited on Friday, 21 May 2021.  The debut listing was the ₦3 billion 5...
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Lagos Cooperatives Capital Base Increases To N33b

Lagos Cooperatives Capital Base Increases To N33b

The Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs Lola Akande, has disclosed that the cooperative service capital base has increased to N33 billion in 2021.  Akande made this known on Monday in Lagos at the 2021 ministerial news...
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Fidelity Bank Declares N10.1B Profit Before Tax In Q1

Fidelity Bank Declares N10.1B Profit Before Tax In Q1

For the first quarter ended March 31, 2021, Fidelity Bank Plc has recorded improvement in its financial performance.  Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from...
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