By Esther Agbo The Senate Committee on Capital Market, alongside the Security and Exchange Commission (SEC) and other stakeholders, convened a public hearing during the week to tackle the persistent issue of unclaimed dividends in Nigeria. The discussions culminated in…
By Esther Agbo Abbey Mortgage Bank’s post-tax profit surged by 51per cent to N508 million in the first half of this year, up from N336 million during the same period last year, according to the bank’s unaudited financial statements filed…
Berger Paints Nigeria posted a pre-tax profit of N122 million in the first half of 2024, representing a 72 percent year-on-year decline from the N439.7 million pre-tax profit posted in the corresponding period in 2023. During the period, the…
Total Energies Marketing Nigeria Plc has reported a pre-tax profit of N13.730 billion for Q2 ending June 30, 2024, reflecting a 95 percent year-over-year increase and surpassing its Q2 pre-tax forecast of N6.419 billion. This brought the H1 2024…
By Esther Agbo Cordros Asset Management, a subsidiary of Cordros Capital, will launch the second edition of its Annual Cordros Wealth Summit, themed “The Wealth Revolution,” to empower investors. The event is scheduled for July 31 in Lagos. Cordros Asset…
Shareholders of Fidelity Bank Plc have unanimously approved the absorption of surplus funds arising from the potential oversubscription of its ongoing public offer. A statement from the bank on Monday in Lagos, said this was one of the six resolutions…
Cadbury Nigeria Plc has reported a pre-tax loss of N3.423 billion for Q2 2024, a significant improvement from the N10.457 billion loss recorded in Q1. This has moderated the half-year 2024 loss to N13.880 billion, which is 4.5 percent…
Okomu Oil Palm Plc reported a pre-tax profit of N6.24 billion for Q2 ending June 30, 2024, representing a 22.28 percent year-on-year (YoY) decline and falling short of the company’s Q2 2024 pre-tax profit forecast of N6.699 billion. According to…
By Esther Agbo The Securities and Exchange Commission (SEC) has introduced a new identity management initiative to tackle the persistent issue of unclaimed dividends. This development was announced during a recent workshop on Identity Management for the capital market in…
FCMB Group recorded a profit before tax of N64.2 billion in the first half of 2024, marking a 68 percent year-on-year growth from the N38.2 billion posted in the corresponding period of 2023. The parent group of First City Monument…
