By Kayode Tokede Nigerian Exchange (NGX) Limited continued to be the preferred listing destination for companies seeking to raise capital via corporate bonds, including private companies looking to raise public capital. One of such private companies taking advantage of this…
By Kayode Tokede Trading activities on the domestic stock market yesterday closed on a positive note with a gain of N59.01 billion, by extending the current gaining streak to four consecutive trading session. Market watchers contributed to the renewed confidence…
By Kayode Tokede Airtel Africa Plc has signed a new $500 million loan facility with a group of relationship banks to partially refinance the Group’s €750million Euro-denominated bond (c.$880million) due 20 May 2021. The banks are Bank of America, BNP…
By Kayode Tokede Shareholders of five listed banks on the Nigerian Stock Exchange (NSE) are to enjoy a total dividend of N247.5billion in 2020. The shareholders of these banks in 2019 accounts benefited N234billion as dividend to highlight importance of…
By Kayode Tokede AXA Mansard Insurance Plc, a member of the AXA Group, has recorded 56 per cent growth in profit after tax in its full year results for year ended December 31, 2020 to N4.54billion, up 56 from N2.91billion…
By Kayode Tokede Investors on the equities market of Nigerian Exchange Limited on Tuesday closed trading activities on a positive note to extend its bullish run to three consecutive trading sessions, as the market performance indicators grew by 0.43 per…
By Kayode Tokede Pan African financial institution, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines. The bank leveraged…
By Kayode Tokede The Deputy British High Commissioner, Lagos, Mr Ben Llewellyn-Jones OBE, leveraged the Nigerian Exchange (NGX) Limited’s virtual Closing Gong Ceremony to engage capital market stakeholders. Llewellyn-Jones was given the privilege to sound the virtual gong to bring…
By Kayode Tokede Investors on the Nigerian Exchange Limited (NGX) on Monday gained N20.94billion as stocks worth N32.10 billion was traded when the market opened the week on a positive note. In summary, the All-Share Index (ASI) gained 40.01 basis…
Despite reporting significant increase in revenue, Unilever Nigeria Plc reported in its unaudited first quarter (Q1) ended March 31, 2021 N491.99million loss as against N1.11billion reported in first quarter of 2020. The multinational company also reported N110.09million loss before tax…
