Investors in the Nigerian equities market ended the week with a N52 billion gain on Friday. This followed an increase in the share price of Guinness, etranzact, and Unity bank amongst others on the trading floor today. After five hours…
Wema Bank says it has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for the allotment of its N40 billion rights issue. Its Managing Director, Mr Moruf Oseni, disclosed this in a statement…
Ecobank Transnational Incorpora ted (ETI) will raise $600 million through senior secured debts and tier-2 debts over the next year. This was one of the resolutions from the group’s Annual General Meeting which took place in Lome, Togo on June…
…Total dividend yields hit 13.6% Shareholders at the 31st Annual General Meeting (AGM) of Presco Plc, approved a final dividend of N24.30 per ordinary share of 50 Kobo, totaling N24.3 billion, as recommended by the Board of Directors for the…
Investors in the Nigerian equities market went home with N49 billion at the end of trading on Friday. This followed an increase in the share price of CHAMS, ETI, and INTENEGINS, amongst others on the trading floor. After five hours…
By Opeyemi Abdulsalam Oando Plc has announ ced the resumption of its stock on the Johannesburg Stock Exchange. This is coming less than three months after the equity was suspended from listing on the JSE. In a corporate notice signed…
By Ifeoluwa Adebayo Nigeria, Africa’s economic giant has been facing a lot of troubling exodus as six multinationals exited in 10 months. These multinationals are Kimberly-Clark, Procter & Gamble (P&G), GlaxoSmithKline Consumer (GSK) Nigeria, Equinor, Sanofi, and Bolt Food. Within…
Investors extended sell-off on Nigerian equities market on Tuesday leaving the market marred with losses. The trading day witnessed selloffs in UBA (-4.11 percent), FBNH (-1.57 percent), ZENITHBANK (-3.03 percent), and ETI (-1.41 percent). Meanwhile, the All-Share Index (NGX-ASI) declined…
The naira ended the week on a negative note, depreciating further against the dollar at the official foreign exchange market. FMDQ data showed that the naira depreciated to N1485.99 per dollar compared to N 1484.75 traded on Thursday. This represents a marginal…
Dangote Cement Plc has announced an increase of 50 per cent on dividend payout to the shareholders, from N20.00 per share paid in the 2022 financial year to N30.00 for the last financial year 2023. This is as the Cement…
