By Kayode Tokede Fidelity Bank Plc says it has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due 2031. Fidelity Bank Chairman, Mr. Mustapha Chike-Obi in a statement on Sunday…
Despite the under-performance of the Nigerian real estate sector last year, as affected by the negative impact of the COVID-19 pandemic, operators in this sector are optimistic that there could be an early rebound in 2021. However, affordability continues to…
By Kayode Tokede Access Bank’s Economic Intelligence Unit (EIU) forecasts headline inflation for January 2021 to rise to 16.64per cent from 15.75 per cent recorded in December 2020. The National Bureau of Statistics (NBS) is scheduled to release the inflation…
By Kayode Tokede The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 3.04 per cent to close the week at 40,439.85 basis points and N21.156 trillion respectively. Similarly, all other indices finished lower with the exception of…
The market indices of the Nigerian Stock Exchange (NSE) closed in red on Friday, dropping by 1.40 per cent due to Dangote Cement price drop. Specifically, the market capitalisation dipped N301 billion or 1.40 per cent to close at N21.155…
By Kayode Tokede The Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu, on Thursday said that Nigeria needs appropriate policies that will attract Foreign Direct Investment (FDI) into the country. Chukwu in his presentation at a virtual workshop organised…
By Kayode Tokede After days of persistent profit-taking by investors, transactions on the Nigerian Stock Exchange (NSE) rebounded on Thursday by 0.78 per cent following buying interest in Dangote Cement Plc, Unilever Nigeria Plc, others. Specifically, the All-Share Index rose…
Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group has announced the co-option to its Board of Directors of Hervé S. Assah, as Independent Non-Executive Director from the CEMAC Region. The Group Head, Corporate Communications, ETI, Adenike Laoye in…
Shareholders of PZ Cussons Nigeria Plc had approved a dividend of N397million at the rate of 10k per share for the year ended May 31, 2020 which was declared out of the profits for the year ended May 31, 2020.…
By Kayode Tokede The shareholders of 11 PLC have approved voluntary delisting from the Nigerian Stock Exchange (NSE). The downstream petroleum company in a notice said shareholders at a Annual General Meeting (AGM) held on the 14th of October, 2020,…
