By Kayode Tokede The NASD OTC Securities Exchange Index closed last week with a negative return on NSI. The NSI return decreased by 1.24% to close the week at 768.42 basis points against 778.03 basis points on prior week’s trading.…
By Kayode Tokede The equities market of the Nigerian Exchange Limited (NGX) gained 0.72 per cent in three days to close (week-on-week) at 39,481.89 basis points from 39,198.75 basis points it opened for trading. It was a brief trading week…
By Kayode Tokede Unilever Nigeria Plc has announced that its Board of Directors had approved the steps required to implement the separation of its tea business in Nigeria. The approval on April 30, 2021 followed the announcement made on Feb.…
By Kayode Tokede Cornerstone Insurance Plc reported 29 per cent increase in claims expenses to N3.96billion in 2020 from N3.07billion reported in 2019. The insurance company in the year under review also reported 34 per cent increase in gross premium…
Airtel Africa Plc on Wednesday reported a 14.2 per cent ($3.91billion) growth in income in its Q1 2021 earnings. The company said it recorded revenue growth across all its regions: Nigeria by 21.9 per cent; East Africa by 23.5 per…
Niger Insurance Plc said its awaits National Insurance Commission (NAICOM) approval on unaudited financial statements for the first quarter ended March, 31st 2021. The Company Secretary, Tolg Nominees in a statement on Nigerian Exchange Limited on Wednesday said, “The Board…
By Kayode Tokede Access Bank Plc, United Bank for Africa Plc and four other big banks in Nigeria reported N235.4billion profit in first quarter (Q1) ended March 31, 2021. This is an increase of 6.03 per cent from N222.02billion reported…
By Kayode Tokede FMDQ Securities Exchange Ltd., has approved the listing of FSDH Funding SPV Plc N7.05 billion tranche A and N4.95 billion tranche B series 1 fixed rate bonds on its platform. FSDH Funding SPV Plc is a special…
By Kayode Tokede Nigerian Exchange Group (NGX Group) Plc is set to launch a campaign to project its new positioning and commitment to the African financial markets as a leading capital market infrastructure provider, connecting Nigeria, Africa and the world.…
By Kayode Tokede Trading activities on the Nigerian Exchange Limited (NGX) on Tuesday closed on a positive note, extended the bullish run to two consecutive trading sessions, as investors’ investment gained by N36.59 billion. The positive performance was spurred by…
