Nairobi — Family Bank Group has recorded a 131.6 per cent growth in earnings for the year ended 31 December 2021 to post a Sh3.3 billion profit before tax. The growth in earnings was largely driven by an increase in interest income, marginal growth in interest expenses and operating expenses coupled with a reduction in […]
Nairobi — Equity’s business transformation through digitization efforts has continued to face off its’ legacy banking model, in that for every transaction via a bank branch, 30 transactions take place on digital channels. In 2021, the number of transactions taking place via digital channels stood at 1.24billion while 40.8 million transactions accounted for branches and […]
Alhaji Aliko Dangote Aliko Dangote gained $915 million during the first three months of 2022, according to the Bloomberg Billionaires Index. He is now worth $20 billion and is the 79th richest person in the world. Alhaji Dangote is also the only African among the top 100 richest people in the entire world. When you […]
MTN AND Dangote Cement Kayode Tokede Despite economic challenges, investors’ in the Nigerian capital market has continued to enjoy mouthwatering return on investment as most highly capitalised declares improved dividends. For instance, Dangote Cement Plc, MTN Nigeria, Zenith Bank Plc, among five other companies listed on the Nigerian Exchange Limited (NGX) have proposed a total […]
Access Bank Access Bank Plc will pay shareholders a total dividend of N35. 545 billion translating to N1 for every share of 50 kobo for the 2021 financial year, the firm said in a notice to the Nigerian Exchange Limited. Access Bank paid an interim dividend of N0.30 and will now pay a final dividend […]
By Dipo Olowookere Last week, investors transacted 457.0 million shares of Fidelity Bank, UBA and GTCO worth N4.5 billion in 4,982 deals, contributing 38.85 per cent and 26.92 per cent to the total weekly trading volume and value respectively. According to data from the Nigerian Exchange (NGX) Limited, a total of 1.2 billion shares worth […]
Access Bank Shareholders of Access Bank Plc has endorsed the company’s board changes in furtherance to the completion of the scheme of arrangement between the bank and holders of its fully paid ordinary shares of 50 kobo each, resulting in the listing of Access Holdings Plc and related companies on the Nigerian Exchange Limited (NGX). […]
.Airtel market capitalisation now N4.735trn .Dangote Cement adds N219.8bn Kayode Tokede On the backdrop of aggressive profit-taking by investors’, the market capitalisation of 10 top losers on the Nigerian Stock Exchange Limited (NGX) depreciated by N135.42billion in the month of February 2022, market data has revealed Among the top losers on the Exchange in February […]
Naira to dollar exchange Nigeria’s exchange rate risks surpassing N600/$1 at the unofficial FX market as foreign investors who were paid dividends for the 2021 financial year seek to repatriate their earnings. Naira currently trades at a record high of N588/$1 at the black market, as demand pressure continues to drive the rate higher. Similarly, […]
MRS Oil Nigeria Plc At the end of transactions on the equities sector of the capital market, losses in Cornerstone Insurance, SCOA and MRS dragged the all-share index and market capitalisation by 0.3 per cent to close the week at 47,282.67 and N25, 483 trillion. Cornerstone Insurance shed 21.62 per cent to close at 58 […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.
We would like to show you notifications for the latest news and updates.