…To pay N25.9bn as interim dividend Stanbic IBTC Holdings has declared a pre-tax profit of N84.2 billion in its recent results for the 3 months period. The group also recorded an increase in gross earnings by 77.44 percent, profit before…
Oando Plc has been initiated into the N1 trillion list on the Nigerian stock market. The oil company joins MTN , Airtel Africa, Dangote Cement, BUA Foods, BUA Cement, GT, Zenith Bank, Seplat Energy, First Bank, Geregu and TransPower. This…
By Esther Agbo For Nigeria’s investment landscape develop ment, the Securities and Exchange Commission (SEC) has granted an approval-in-principle to DreamCity Capital, a digital platform that aims to reshape how Nigerians invest in real estate. This approval is a preliminary…
By Esther Agbo PremiumTrust Bank, Nigeria’s rapidly ascending commercial banking institution, has marked a significant milestone by holding its inaugural Annual General Meeting (AGM) in Lagos. The event, which brought together key stakeholders, served as a platform for the bank’s…
Opening the week, investors’ interest in Tier-one banking stocks further extended gains of the Nigerian stock market capitalisation by N123 billion or 0.22 per cent. Gains in Zenith Bank, United Bank For Africa (UBA), Guaranty Trust Holding Company (GTCO), Fidelity…
BUA Cement has announced a dividend payment of N2 per ordinary share to its registered members during the 8th Annual General Meeting held on August 29, 2024. The company also ratified the appointment and re-election of members to key positions…
Soap manufacturer, PZ Cusson has posted a loss after tax of N76.02 billion in the financial year ending 31 May 2024. This is according to the company’s audited financial statement posted on the NGX in which revenues increased by 34…
Equity investors gained a total of N349 billion week-on-week, as the Nigerian Exchange Ltd.(NGX) market capitalisation appreciated by 0.63 percent to close the week. Specifically, the All-Share Index closed at 96,579.54 points, having opened at 95,973.45 points, while the market…
The manage ment of BUA Cement Plc said it recorded revenue growth of 27.4 percent in 2023. The company also announced an increase in net revenue of N460 billion within the period from N361 billion in 2022. The Chairman, Board…
The Securities and Exchange Commission (SEC) has granted two digital assets Exchanges “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program (ARIP). Ms Efe Ebelo, the spokesperson of the commission announced this in a statement on Thursday in Lagos.…
