The Securities and Exchange Commission (SEC) has expressed worry over the high level of unclaimed dividends in the market. The Director-General of SEC, Mr Lamido Yuguda, said this at the Post Capital Market Committee (CMC) webinar press briefing on Thursday.…
By Philemon Adedeji The stock market on the Nigerian exchange limited (NGX) closed significantly on positive note amidst sell-offs and buy-interests as the benchmark All Shares Index (ASI) declined largely by 232.65 basis points. The market price was driven by…
Linkage Assurance Plc on Thursday reported a N4 billion loss for the year 2021 on the back of excessive payout, and an increase in underwriting profit during the period. According to the company’s audited financial report, the insurer raked in…
Hogan Lovells advises Sojitz Corporation (“Sojitz”) on its purchase from Helios Investment Partners (“Helios”) of a 25% interest in the holding company of Axxela Limited (“Axxela”), the largest private-sector gas distributor in Nigeria, a transaction which marks the start of…
By philemon Adedeji Transaction on the Nigerian exchange limited (NGX) closed slightly profile yesterday, the slide was occasioned by loss in prestige, Chams, Npfmcrfbk,NIGERINS and others. At the close of marketing activities yesterday, the NGX ASI declined by 11.21 basis…
The Chartered Institute of Stockbrokers (CIS), has launched an Academy to deliver structured professional training for capital market operators, investors and the general public. Speaking at the inauguration ceremony, the Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami …
Conoil oil PLC on Wednesday announced 114 per cent increase in profit for the 2021 full year audited financial statement reporting huge increase in profit from N1.440 billion in corresponding period of 2020 to N3.082 billion in the current period.…
Coronation Merchant Bank Ltd. has announced its Audited Financial Results for the year ended 31 December 2021 and declared a profit before tax (PBT) of N2.796 billion. Commenting on the financial results, Banjo Adegbohungbe, the Managing-Director of Coronation Merchant Bank…
By Philemon Adedeji The Nigerian exchange limited (NGX) on Tuesday closed on a positive note amidst sell-offs and buy-interests as the benchmark All Shares Index (ASI) depreciated by 89.52 absolute points. The market price was driven by price appreciation in…
The Chartered Institute of Stockbrokers (CIS) has inaugurated its academy to ensure minimum standard and efficient capital market activities in the country. Inaugurating the academy on Tuesday during a webinar, Mr Olatunde Amolegbe, the President/Chairman of Council of CIS, said…
