By Kayode Tokede The Nigerian Stock Exchange (NSE) market capitalisation on Thursday crossed above N22 trillion mark as a result of price appreciation posted by some blue chips. Accordingly, the market capitalisation inched higher by N124.86 billion or 0.57 per…
By Kayode Tokede The governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele said it has committing N50 billion to reposition the Nigeria Commodity Exchange (NCX), CBN Governor. Emefiele, who disclosed this, on Thursday, at an inaugural meeting of the…
By Kayode Tokede Investors on the Nigerian Stock Exchange (NSE) gained N181 billion on Wednesday as equities market sentiment remains positive. Specifically, the market capitalisation which opened at N21.753 trillion inched higher by N181 billion or 0.83 per cent to…
By Kayode Tokede Coming shortly on the heels of the recent Commercial Paper (CP) Issuances by Total Nigeria PLC, Valency Agro Nig. Ltd. and Mixta Real Estate PLC, FMDQ Securities Exchange Limited (FMDQ Exchange)—following the due diligence of its Board…
By Kayode Tokede Cadbury Nigeria Plc in its unaudited interim financial statement for the year ended December 31, 2020 reported 84 per cent decline in profit. The multinational company reported N172.67million profit in 2020 as against N1.07billion reported in audited…
By Kayode Tokede The management of United Bank for Africa Plc (UBA) met on Tuesday and approved the Group audited consolidated results for year ended December 31, 2020 and dividend payout to shareholders of the bank. The Group Company Secretary,…
By Kayode Tokede Ikeja Hotel Plc, has released its consolidated statement of financial position as at December 31, 2020 with a sharp decline in group revenue to N1.466 billion in the fourth quarter (Q4) from N3.397 billion in same period…
By Kayode Tokede The Nigerian Stock Exchange (NSE) on Tuesday extended growth by N259 billion following interest in Airtel Africa, just as the Monetary Policy Committee (MPC) retained the Monetary Policy Rate (MPR) at 11.5 per cent. Specifically, the market…
By Kayode Tokede International Energy Insurance Plc (IEI) has announced the appointment of Mr. Ebunolu Ayeni as substantive Managing Director. The company in a statement signed by its Company Secretary, Adeyinka Hassan to the Nigerian Stock Exchange (NSE) on Monday,…
By Kayode Tokede UACN Property Development Plc has announced to its bondholders that its N4.35billion Series 1 Bonds will be redeemed on April 26th, 2021 (redemption date) together with accrued Coupon up to, but excluding the redemption date. The Company…
