By Kayode Tokede S&P Global Ratings stated that Seplat Petroleum Development Company Plc (Seplat) outlook remained stable, stressing that the company plans to issue benchmark-size senior unsecured notes to refinance its $350 million notes due 2023 may reduce drawings on its…
By Kayode Tokede Investors’ profit-taking in shares of Industrial Goods, consumer good, among others indices down equities market by 0.69per cent in its wee-on-week (wow) performance. The equities market closed for trading last week at 38,382.39 basis points from 38,648.48basis…
By Kayode Tokede Union Bank of Nigeria (UBN) Plc has declared a dividend of 25kper share to its shareholders for the financial year ended Dec. 31, 2020. The bank said this in its audited financial statements for the year ended…
By Kayode Tokede Dangote Cement Plc said it would pay shareholders N16 for every share held in the company for the 2020 financial year, translating to a total dividend payout of N272.648 billion, a note published on the Nigerian Stock…
By Kayode Tokede The Debt Management Office (DMO) has listed the N162.557billion, 7-year, FGN Ijarah Sukuk with a rental rate of 11.20% on the floor of the Nigerian Exchange (NGX) Limited on Thursday. The third Sovereign Sukuk was issued on…
By Kayode Tokede Transactions in the Nigerian stock market on Thursday closed in the positive region to reverse previous day’s loss, as All-Share Index (ASI) increased by 0.54 per cent. The price appreciation was buoyed by buy-interest in Banking and…
By Kayode Tokede Airtel Africa Plc has announced the signing of an agreement of $200 million investment in Airtel Mobile Commerce BV (AMC BV) by TPG’s Rise Fund, a global impact investing platform. The Group Company Secretary, Airtel Africa, Mr…
By Kayode Tokede Negative sentiments resurfaced on the Nigerian Stock Exchange (NSE) on Wednesday with the key indicators dropping by 0.04 per cent due to profit taking in banking stocks. Specifically, the All-Share Index lost 14.68 points or 0.04 per…
By Kayode Tokede Shareholders of Zenith Bank Plc on Tuesday approved the payment of proposed N94.2 billion dividend for the year ended December 31, 2020. The shareholders commended the board and management of the bank for the improved financial results…
By Kayode Tokede The Board of Directors of Vitafoam Nigeria Plc has approved the appointment of Abdul Bello as independent non-executive director. According to a notice filed by the firm with the Nigerian Stock Exchange, Bello’s appointment is effective March…
