United Capital Plc’s half year 2023 results revealed a mix of positive performance indicators and challenges impacting profitability. The company’s growth in earnings and consistent operating income provides a solid foundation for future growth. However, factors such as increased tax…
By Philemon Adedeji Amid bullish sentiments seen in Nigeria’s stock market recently, the Board and Management of Nigerian Exchange Group Plc (NGX Group) have said that they are open to working with the Federal government, as well as stakeholders towards…
By Philemon Adedeji The Nigerian stock exchange concluded the week with a downward trend, as market bears continued to exert control, resulting in a 29 basis points decrease for the NGX All-Share Index (NGXASI). The index closed the week at…
NEM Insurance Plc generated an after-tax profit of roughly N2.9 billion in the first quarter, which towers at 52.4 per cent of the 2022 full-year profit of N5.4billion. The general business underwriter is gaining speed from recovery in 2022 to…
By Philemon Adedeji At the Nigerian Exchange Limited (NGX) the bearish sentiment continued to dominate the local equities market as the NGX All-Share Index (ASI) succumbed to a second successive loss, falling by 1,297.99 basis points representing 2.03 per cent…
By Philemon Adedeji The Director General of the West African Monetary Institute, Dr. Olorunsola Olowofeso has stated that one of the aims of the West African Capital Markets Integration (WACMI) Phase II Project is to deepen West African markets as…
To address the infrastructure deficit currently affecting capital markets in the West African region, Nigerian Exchange Limited (NGX) has stated that a harmonised regulatory environment as well as smart infrastructure will help to drive Africa’s competitiveness in the global market.…
By Philemon Adedeji Equities market on the Nigerian Exchange Limited (NGX) closed bearish yesterday ending its five-day winning streak amid selloffs in index heavyweight, Dangote Cement (-9.62 per cent) alongside Nestle Nigeria (-1.34 per cent) and Access Corporation (-4.16 per cent)…
VFD Group PLC (‘VFD Group’ or ‘the Group’), a leading proprietary investment company with investments in banking, non-banking financial institutions, market infrastructure, technology, real estate, hospitality, media, entertainment, and energy, has received shareholder approval to raise an additional N32.5 billion…
Officers of the Federal Road Safety Corps (FRSC) have been urged to avoid Ponzi schemes and only invest in entities registered with the regulatory body. The Securities and Exchange Commission (SEC) gave the advice during an investor enlightenment programme tagged…
