The Association of Securities Dealing Houses of Nigeria (ASHON) has called for a more integrated capital market in West African to take advantage of emerging trading opportunities. ASHON Chairman, Chief Onyenwechukwu Ezeagu, made the call in a statement on Wednesday…
By Kayode Tokede Following the successful demutualisation of The Exchange, Mr. Onyema has transitioned into the Group Chief Executive Officer (GCEO), Nigerian Exchange Group (NGX Group) Plc. Speaking at the Closing Gong Ceremony, the Chairman, Nigerian Exchange Group (NGX Group)…
By Kayode Tokede The Nigerian stock market on Tuesday commenced the new week on a bearish note as the index fell by 0.39 per cent or N78.53billion. Investors came back from a short Easter break to extend the persistent bearish…
By Kayode Tokede FMDQ Securities Exchange Limited has announced that the implementation of its derivatives market development project on its platform is nearing completion. The exchange disclosed this to capital market correspondents during its Academy Derivatives Market Webinar series themed;…
By Kayode Tokede Unilever Nigeria Plc released its audited report for the year ended December 31, 2020 with N3.97billion loss from N7.42billion loss reported in 2019. The multinational company also reported N4.74billion loss before tax in 2020 from N10.07billion reported…
By Kayode Tokede Fidelity Bank Plc proposed a total dividend of N6.4 billion to shareholders, even as it recorded profit before tax of N28.1 billion for the financial year ended December 31, 2020. The performance, which capped a remarkable year,…
By Kayode Tokede Global Credit Ratings (GCR) has awarded Dangote Cement Plc its highest ratings with a reconfirmation of the stability of the outlook of Nigeria’s largest quoted company and Africa’s largest cement producer. In its latest ratings report, GCR…
By Kayode Tokede Arbico Plc has reported about 22 per cent in profit to N413.8million in 2020 from N527.62million reported in 2019. With about N642.23million operating income in 2020 from N57.6million reported in 2019, the company’s profit before tax moved…
By Kayode Tokede Chemical and Allied Products Plc (CAP), a leading paints and decorative companies, announced its audited results for the year ended December 31, 2020 with profit dropping by 29.1 per cent. The company profit for the year was…
By Kayode Tokede The equities market of the Nigerian Stock Exchange (NSE) depreciated by 0.76 per cent week-on-week (w/w) to 38,916.74 basis points from 39,216.20 basis points it opened for trading amid investors profit-taking. The market opened for four trading…
