UAC of Nigeria PLC has announced the successful completion of its N18.7 billion Series 1 and 2 Commercial Paper issuance, the debut issuance under its recently established N45 billion commercial paper programme. According to disclosures filed to the Nigerian Exchange,…
Flour Mills of Nigeria (FMN) Plc has proposed a total dividend of N8.8 billion for the 2022 financial year as against N6.8 billion recorded in 2021. The dividend represents N2.15 per share, a 30 per cent growth over last year…
By Philemon Adedeji The Nigeria equities market closed yesterday marginally on negative performance for the third day of week as overall market capitalisation value dipped further by N9 billion to close trade at N28.558 trillion from N28.567 trillion it closed…
By Philemon Adedeji First Bank Holding of Nigeria has declared its unaudited financial statement for the first quarter ended 31st March 2022, declaring increase in profit to 108 per cent which rose significantly from the sum of N15.599 billion in…
AIICO Insurance Plc has declared a dividend of 2 kobo per share amounting to N732 million in respect of and out of the profit after taxation for the year ended 31st December 2021. This was contained in a disclosure on…
The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28.567 trillion from N28.989 trillion on Monday. The All-Share Index (ASI) also dipped by 1.45 per cent to 52,990.28 points from 53,772.14 points…
Dutch dairy company, FrieslandCampina WAMCO Nigeria has announced a turnover of N268.4 billion for the financial year ended Dec. 31, 2021. Ben Langat, Managing Director, FrieslandCampina WAMCO Nigeria Plc and Sub-Saharan Africa Cluster, said that the turnover represented an increase…
Honeywell Flour Mills has posted a loss amounting to N983 million for the year ended 31st March 2022, making an unimpressive report compared to the previous year when the company reported a N1.1 billion profit According to its financial report,…
The Nigeria Exchange (NGX) Ltd., on Monday returned to negative path with key market indicators declining marginally by 0.58 per cent amid profit taking in highly capitalised equities. Specifically, the market capitalisation, which opened at N29.158 trillion on Monday declined…
Presco PLC’s interim first quarter 2022 results released to the investing public on NGX, show that Q1 2022 profit after tax for the period ended March 31, 2022, grew by 53 per cent to N5.889 billion from N3.844 billion reported…
