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…
By Kayode Tokede Sterling Bank Plc has reported six per cent increase in profit to N11.2billion in its audited accounts for full year ended December 31, 2020 from N10.6billion reported in 2019. With growth in profit, the management of Sterling…
By Kayode Tokede Fidelity Bank plc has reported 7.6 per cent drop in profit before tax to N28.1billion in its audited result and accounts for full year ended December 31, 2020 from N30.4billion reported in 2019. The Board has proposed…
By Kayode Tokede The Securities and Exchange Commission (SEC) has approved the appointments of the chief executives officers of the demutalised exchange and their operating subsidiaries. Chairman of Nigerian Exchange Group Plc (NGX Group) Board of Directors, Otunba Abimbola Ogunbanjo…
By Kayode Tokede FBN Holdings Plc has reported 22 per cent increase in profit to N89.73billion in its audited result and accounts for full year ended December 31, 2020. The Holdings financial institution on the Nigerian Stock Exchange (NSE) on…
By Kayode Tokede The Ex-Officio, National Council, The Nigerian Stock Exchange (NSE), Mr. Aigboje Aig-Imoukhued, was hosted to a digital Closing Gong Ceremony in celebration of his years of meritorious service and contributions to the growth of the NSE on…
By Kayode Tokede Trading activities on the Nigerian equities market on Wednesday sustained the previous day’s negative sentiment as the market performance indices dropped by 0.57 per cent, amidst profit-taking on Banking and Industrial Sectors. The downturn was supported by…
By Kayode Tokede Cadbury Nigeria Plc on Tuesday reported 73 per cent decline in profit before tax to N408.1million in its audited result and accounts for full year ended December 31, 2020 from N1.54billion reported in 2019. The financial statements,…
By Kayode Tokede Investors on the Nigerian Stock Exchange (NSE) equities market on Tuesday lost N118 billion as the market reverse its previous session gains on renewed profit-taking. In summary, the All-Share Index (ASI) dipped by 226.26 basis points, representing…
By Kayode Tokede The shareholders United Capital Plc have authorized their directors to raise additional capital of up to N100 billion through the issuance of tenured bonds, notes, commercial papers, debt instruments, or loans in any currency by way of…
