Transactions on the equities market of the Nigerian Exchange Limited (NGX) opened trading for November on a negative note with the market capitalisation losing N32 billion on profit taking. Specifically, the market capitalisation which resumed for the month at N21.938…
PZ Cussons Nig Plc has announced a dividend of 25kobo per ordinary share, representing N992.62 million payout to shareholders for the financial period ended May 31, 2021. The company in a statement signed by its company’s secretary, Jacqueline Ezeokwelume on…
By Seun Ibiyemi In a bid to curb poor market conduct, the Securities and Exchange Commission (SEC) has resolved to intensify monitoring and surveillance of the market and has vowed to apply stiff sanctions to any operator who engages in…
By Seun Ibiyemi Equities market of the Nigerian Exchange (NGX) Limited appreciated by N982 billion in October 2021 as listed companies submitted nine months result and accounts to the bourse. The month of October, which is the earnings reporting season,…
By Seun Ibiyemi Wema Bank Plc has announced profit before Tax (PBT) of N7.2billion, an increase of 135.8 per cent in nine months ended September 30, 2021 as against N3.1billion reported in nine months ended September 30, 2020. The lender…
By Kayode Tokede The equities market of the Nigerian Exchange Limited (NGX) appreciated by N89.5billion on Thursday to reverse prior day’s losses, lifted by 21 shares. In summary, the overall market capitalisation value gained N89.5 billion to close at N21.898…
By Kayode Tokede Union Bank of Nigeria Plc has announced its unaudited financial statements for the period ended 30th September, 2021 with profit before tax relatively flat at N16billion as against N15.9billion reported in nine months of 2020. The Nigerian…
By Kayode Tokede The board of FBN Holdings Plc has approved the appointment of Mr Nnamdi Okonkwo, as its new Group Managing Director, with effect from Jan. 1, 2022. Okonkwo was the immediate past Managing Director of Fidelity Bank Plc.…
By Kayode Tokede ALAT by Wema, Nigeria’s first fully digital bank, will host the third session of its Talk Series via teleconferencing application, Zoom. The Talk Series is a virtual session for young Nigerians to exchange ideas and insights about…
By Kayode Tokede The equities market of the Nigerian Exchange Limited (NGX) on Wednesday closed on a negative note, bringing the five consecutive gaining streaks to an end with a decline of N12 billion. The bearish sentiment was a result…
