Presco Plc has announced the issuance of N34.5 billion Series 1 seven-year Fixed Rate bonds under its N50 billion bond issuance programme. This is contained in a statement by the company’s Managing Director, Mr Felix Nwabuko, made available to journalists on…
By Philemon Adedeji Transaction on the Nigerian Exchange Limited (NGX), closed marketing activities yesterday on negative note, this is due to losses in REGALINS, JAPAULGOLD, WAPIC INSURANCE PLC, JAIZBANK and 15 others, as market capitalisation dropped further by 84 billion.…
The Securities and Exchange Commission (SEC) has announced that the first Capital Market Committee (CMC) meeting in 2022 will hold on Wednesday April 6, 2022. The meeting is scheduled to hold virtually through Zoom with key stakeholders in the capital…
At the end of March 2022, the consumer goods index of the NGX experienced a decline by 5.76% from 588.00 points to 554.16 points during the period under review. The negative performance of the Index can be attributed to the…
As part of the preparation for commencement of its full blown trading, Lagos Commodities and Futures Exchange (LCFE) has inducted 102 Commodities brokers. The Exchange had inducted 50 senior Commodities Brokers earlier in March and concluded the induction with other…
Transactions on the Nigerian equity market on Friday closed negative, reversing the previous day’s gain. The NGX-ASI declined by 0.26 per cent to 46,842.86 from 46965.48 posted on Thursday. This indicated a year-to-date increase of 9.66 per cent. The performance…
Fidelity Bank Plc announced at the close of the week a dividend payment of N0.35 kobo per 50 kobo ordinary share for the financial year ended 31 December, 2021. The dividend declared for the period is a 59 per cent…
AXA Mansard Insurance Plc at the close of the week reported N3.7 billion profits for the year 2021, a 17 per cent decline from N4.5 billion seen in 2020. According to the audited financial statement by the firm, the excessive…
By Philemon Adedeji The stock market on the Nigerian Exchange Limited (NGX) closed flat yesterday on a positive note, as market price was driven by price appreciation in large and medium capitalised stocks amongst which are Meyers, Mansard, and others,…
UAC Nigeria Plc has announced a dividend payment of N0.65 kobo per 50 kobo ordinary share for the financial year ended 31 December 2021. This dividend payment will be subject to shareholders’ approval at the Annual General Meeting (AGM) and…
