Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday closed transactions on a negative note, as investors’ sell-off in Seplat Petroleum Plc, 17 other stocks down the market by 0.01 per cent. Specifically, the NGX All-Share Index declined by six basis points or 0.01 per cent to close at 47,262.61 basis points […]
Kayode Tokede On the heels of increasing prices of Premium Motor Spirit (PMS) and other related products, a total of four listed Petroleum marketing companies on the Nigerian Exchange Limited (NGX) generated an increase of 47 per cent in revenue in 2021. These four companies, according to THISDAY investigations are Conoil Plc, Eterna Plc, Juli […]
Halima Aliko-Dangote (PHOTO CREDIT: Official Facebook Page_Dangote Industries) Dangote Cement has appointed Halima Aliko-Dangote, the daughter of the company’s owner and founder, Aliko Dangote, as a non-executive director. The company said the appointment took effect from February 26, 2022, according to its notice to the Nigerian Exchange Limited. Ms Aliko-Dangote will apparently be filling the […]
Nigeria’s listed banks are beset with liquidity challenges as the Central Bank of Nigeria (CBN) continues to enforce its cash reserve requirement (CRR) regime, while some face capital challenges in the shape of Basel III. Yet the sector’s shares appear resilient. The answer? Dividends. FX Last week, the exchange rate at the Investors and Exporters […]
With the second month of the year rounded up, the Nigerian stock market recorded a total of N3.246 trillion capital appreciation on investors’ investment in the first two months of the year, 2022. Analysts attributed the development to the impressive earnings by major bellwethers and positive corporate actions. Also, market participants found significant value in […]
The Nigerian equity market has continued its bullish start to the year as it posted gains in February, despite global macro-economic worries. The All-Share Index (ASI) in the month of February has gained 1.65% for the month starting at 46,624.67 basis points to ending at 47,394.53 basis points. The market capitalization also grew in similar […]
Determined to improve the fuel supply situation in Nigeria, the Nigerian National Petroleum Corporation Limited (NNPC) Monday identified 48 fuel stations where motorists living in the Abuja city and its environs could get petrol irrespective of the time. The stations are to begin operation Monday night. A statement signed by Group General Manager, Group Public […]
Airtel Africa completes early repayment of its $505 million senior secured loan In a regulatory filing seen by Business Insider Africa, the company explained that it used cash balances available at group level to repay the debt which, by the way, was not due for maturity until March 7th, 2023. "Settlement includes all outstanding accrued […]
Vice-President Yemi Osinbajo has lauded the Chartered Institute of Bankers of Nigeria (CIBN) for its contribution to the growth of the Nigerian banking sector and the private sector. Speaking at the commissioning of the new Bankers’ House in Abuja, Osinbajo noted that the banking industry contributed about N53.3 trillion to the country’s economy in 2020. […]
By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited closed bullish on Thursday with a 0.85 per cent growth inspired by Oando, which appreciated by 10.00 per cent. The company led the price gainers’ chart of 23 members yesterday after its share price closed at N5.17 compared with the preceding day’s […]
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