Stock Market – Page 7 – City Business News

June 15, 2021 No Responses

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...

June 11, 2021 No Responses

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...

June 9, 2021 No Responses

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...

June 7, 2021 No Responses

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...

June 3, 2021 No Responses

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...

June 2, 2021 No Responses

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...

May 29, 2021 No Responses

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...

May 24, 2021 No Responses

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...

May 23, 2021 No Responses

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...

May 18, 2021 No Responses

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...

April 29, 2021 No Responses

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...

April 22, 2021 No Responses

Conoil, Lafarge Africa, GTBank Lift NGX Indices By 0.29%

Transactions on the Nigerian Exchange (NGX) Ltd. on Wednesday extended gaining streak to four consecutive trading sessions, appreciating further by 0.29 per cent. The performance was as a result of investors’ interests in Guaranty Trust Bank and Lafarg...

April 18, 2021 No Responses

CSCS Declares N6.93b Profit, N5.85b Dividend For 2020

The Central Securities Clearing System Plc (CSCS) has announced a profit after tax of N6.93 billion for the financial year ended Dec. 31, 2020. The company in a statement explained that profit after tax was 41.43 per cent higher when...

April 17, 2021 No Responses

NGX Market Capitalisation Increases By N124b

Trading on the Nigeria Exchange Ltd ended on a positive note on Friday with the market capitalisation appreciating by N124 billion due to gains in some blue chips. The market capitalisation increased 0.61 per cent to N20.310 trillion, from N20.186...