By Philemon Adedeji An investment opportunity has been unveiled for risk-averse investors with appetite for steady income with the launch of Marble Halal Fixed Income Fund (MHFIF), worth N500 Million by Marble Capital Limited, a frontline Ethical and Islamic Fund…
The board of United Bank for Africa (UBA) Plc has announced a delay in the release of its Half-Year (HY) financial results. This was disclosed in the company’s statement to the Nigerian Exchange Limited (NGX). According to the statement signed…
By Philemon Adedeji The Nigerian equities market continue for the second day of the week in an optimistic note, as bullish sentiment remained predominant. Consequently, the NGX All-Share Index (NGXASI) appreciated by 286.26 basis points or 0.44 per cent during…
Cadbury Nigeria Plc incurred an unrealised foreign exchange loss of almost N21 billion in the second quarter, creating a net loss of roughly N18 billion for the quarter – which has more than consumed the company’s entire equity funds. The…
The board of Stanbic IBTC Holdings Plc has announced a delay in the release of its Half-Year (HY) financial results as it seeks the approval of the Central Bank of Nigeria. This was disclosed in the company’s statement to the…
A foreign exchange loss of N123.8 billion has created a net loss of roughly N50 billion for Nestlé Nigeria Plc in the half year of 2023, throwing shareholders’ funds into a negative of N48.6 billion. The interim financial report of…
By Philemon Adedeji Opening the week yesterday, trading activities on the Nigerian Exchange Limited (NGX) closed in green zone driven by buy interests in BUAFOODS (+9.29 per cent), alongside Tier-1 banks, GTCO (+0.14 per cent) and STANBIC (+1.74 per cent)…
The Nigerian Exchange Limited (NGX) has admitted additional 641 million ordinary shares of MTN Nigerian Plc into its platform arising from the company’s scrip dividend scheme. NGX in the report said, “Trading License Holders are hereby notified that additional 641,047,053…
By Philemon Adedeji The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and market capitalization depreciated by 0.93 per cent and 0.42 per cent to close the week at 64,721.09 absolute points and N35.422 trillion respectively. Similarly, all other indices finished…
By Philemon Adedeji The Chairman of the Chams Holding Company PLC, Sir Demola Aladekomo, had pledged that the Company shall ensure value delivery to its shareholders and the financial services industry during a send-off party to celebrate some retiring directors.…
