Investors’ buying interests in stocks of Nestle and First Bank of Nigeria Holdings (FBNH) sustained the positive posts at the Nigerian Exchange Ltd. on Friday. Similarly, the market gained N11 billion or 0.04 per cent, making the market capitalisation to…
By Philemon Adedeji The Nigeria equities market yesterday sustained uptrend as investors investments grew by N532 billion, following buying interest in 18 stocks. The All Share Index (ASI) appreciated by 986.63 points, representing a growth of 2.03 per cent to…
Nigeria’s first and largest fully-fledged non-interest or Islamic lender, Jaiz Bank Plc, has gotten shareholders’ approval to raise N150 billion and restructure into a Holding Company in order to achieve the bank’s short-term and long-term growth strategy. The proposed structure…
By Philemon Adedeji At the Nigerian Exchange Limited (NGX), the equities trading yesterday ended five straight sessions of losses and recovered back as the market capitalisation grew by N65 billion. In summary, the All-Share Index (ASI) rose by 120.48 absolute…
Stanbic IBTC Plc has announced an interim dividend of N1.50 per ordinary share of 50 kobo each, subject to deduction of appropriate withholding tax and regulatory approval. In a disclosure filed to the exchange by the company, this will be…
Two leading flour millers operating in the country raked in N590.730 billion in revenue during the half year ended June 30, 2022, which represents a 43.37 per cent growth over N412,020 billion reported in 2021. The flour millers include Flour…
The equity market closed on a bearish note on Tuesday as market capitalisation closed at 26.188 trillion from the N26.614 trillion the previous day, a loss of N426.06 billion. Also, the All-Share Index (ASI) closed at 48,554.76 from 49,370.62 on…
Mutual Benefits Assurance Plc has posted a profit of N3.5 billion profit after tax for the half year of 2022, a significant jump from the loss record of N1.98 billion reported in the same period of last year. According to…
…To launch revised capital market masterplan next month The Securities and Exchange Commission has urged the Federal Government to consider its proposal to exempt corporate bonds from the payment of tax. The Director-General of SEC, Lamido Yuguda said this on…
By Philemon Adedeji Fidson Healthcare plc has reported 127.2 per cent increase in Profit After Tax (PAT) to N2.7 billion in its half year (H1) unaudited financial statement for the period ended June 30, 2022 from N1.2 billion achieved in…
