By Kayode Tokede The Securities and Exchange Commission (SEC) says it will stop operations of the Capital Market Operators (CMOs) yet to renew their registration on May 31. The commission disclosed this in a circular signed by the management on…
By Kayode Tokede The Nigerian Exchange Limited (NGX) gained N60 billion as equities market closed transactions on a bullish note on Monday. In summary, the All-Share Index (ASI) increased by 113.99 basis points, representing a growth of 0.29 per cent…
By Kayode Tokede Dangote Sugar Refinery Plc has reported a profit before tax of N11.95 billion for the first quarter ended March 31, 2021. The profit before tax was higher by 25.79 per cent when compared with N9.5 billion posted…
By Kayode Tokede Cadbury Nigeria Plc has reported profit decline of 62 per cent to N241 million in the first quarter. That follows a huge drop of 73 per cent in pre-tax profit in 2020. Tax credit had enabled the…
By Kayode Tokede In an attempt to reduce the demand for foreign stocks in Nigeria, the Securities and Exchange Commission (SEC) is proposing tighter and stricter regulatory oversight and requirements for foreign stockbrokers in the country. The executive commissioner for…
By Kayode Tokede The equities market of the Nigerian Exchange Limited (NGX) market last week, shed by1.60 per cent amid renewed bearish activity. Investors market sentiment was negative as investors booked profit following the recent rise in share prices amid…
By Kayode Tokede Ardova Plc has released its unaudited interim consolidated financial statements for the period ended March 31, 2021 with 19.98per cent drop in revenue to N41.49 billion from N52.052 billion in Q1 2020. However, profit after tax rose…
By Kayode Tokede Japaul Gold & Ventures Plc has apologized to capital market stakeholders over delayed in 2020 audited financial statement and first quarter (Q1) ended March 31, 2021 results. Company Secretary, Japaul Gold & Ventures Michael Edeko in a…
The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion. Dukia Gold Chiarman, Mr Tunde Fagbemi, said this at…
By Kayode Tokede The equities market of Nigerian Exchange Limited (NGX) on Thursday closed transaction on a negative note with a decline of N167 billion to extend bearish sentiment to three consecutive trading sessions. In summary, the All-Share Index (ASI)…
