NASD OTC Securities Exchange Index, the NSI return decreased by 0.01per cent to close the week at 746.12 points against 746.19 on last Friday. In addition, week 24 saw NASD Investors lose N0.05 Billion in value. NASD OTC market capitalization…
By Kayode Tokede The board Capital Hotels Plc, owner of Sheraton Abuja Hotels has agreed to partner with 11 Plc to offer the right competition in the Abuja hospitality market, and resolved to sell 51per cent stake in Capital Hotels…
By Kayode Tokede FBN Holdings (FBNH) Plc has advised investors in the nation’s capital market to always seek financial advice for investment decision to maximise returns. The Chief Financial Officer of FBNH, Oyewale Ariyibi, said this at the Capital Market…
By Kayode Tokede Transactions on the Nigerian Exchange Limited (NGX) on Thursday closed in a northward direction, to extend the gaining session to the second consecutive day with a gain of 0.13 per cent. The positive sentiment was a result…
By Kayode Tokede The Securities and Exchange Commission (SEC) has granted NG Clearing Limited (NG Clearing) registration to perform the function of a central counterparty with effect from June 7, 2021. This registration now permits NG Clearing to clear and…
By Kayode Tokede Presco Plc, a Benin City based fully-integrated agro-industrial establishment with oil palm plantations, palm oil mill, palm kernel crushing plant and vegetable oil refining and fractionation plant has announced plans to acquire all the shares of an…
By Kayode Tokede Securities and Exchange Commission (SEC) has granted NG Clearing Limited (NG Clearing) registration to become a central counterparty (CCP). The registration permits NG Clearing to clear and settle exchange traded derivative products. The registration took effect from…
…under its new NGN300bn Multi-Instrument Issuance Programme By Kayode Tokede Under its new NGN300 billion Multi-Instrument Issuance Programme, Africa’s largest cement producer, Dangote Cement Plc has announced the successful issuance of 50 billion Series 1 Fixed Rate Senior Unsecured Bonds. Despite…
By Kayode Tokede Stanbic IBTC Bank, a member of Standard Bank Group, has upgraded its USSD platform with innovative features. The platform tagged, “Bigger and better” will enable customers to make seamless transactions. Some of the new features on the…
By Kayode Tokede Trading activities on the Nigerian Exchange Limited (NGX) rebounded on Wednesday with a gain of 0.15 per cent due to interest in MTN Nigeria Communications (MTNN). Specifically, the All-Share Index increased by 57.41points or 0.15 per cent…
