As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these announcements to know who is eligible to collect the dividend, when it will be approved, and when it will be paid. Dividend payment also affects […]
United Bank for Africa (UBA) Plc, has assured its shareholders and investors of excellent performance in the 2022 financial year, as the bank continues to deepen its foothold to reap the benefits of its investments in strong and innovative digital product offerings and expanded scope over the past few years. The Group Managing Director/Chief Executive […]
Buxly Paints Limited (PSX: BUXL) was established as a private limited company in 1954 under the Companies Act, 1913 (now Companies Act, 2017). Later in 1985, it was converted into a public limited company. The company manufactures and sells paints, pigments, protective surface coating, varnishes and other related products. It does so under a toll […]
[FILES] Photo/facebook/ngxgroup The bears maintained dominance on the equities sector of the Nigerian Exchange Limited, (NGX) for the second successive session yesterday, as many blue-chip stocks depreciated in price, resulting in a further decline in market capitalisation by N47 billion. In summary, the All-Share Index (ASI) declined by 87.81 absolute points, representing a decrease of […]
The federal government’s earnings from the solid minerals sector climbed to N624.45 billion in the last 13 years, a new report by the Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday indicated. However, NEITI revealed in the document covering the year 2020, that 2,119 companies operating in the sector in the country’s solid minerals space still […]
By Adedapo Adesanya MRS Petroleum, one of the importers accused of importing adulterated Premium Motor Spirit (PMS) into the country, has appeared before the House of Representatives Committee on Downstream sector and insisted that imported fuel is not adulterated. MRS representative at the meeting insisted that all fuel imported into the country were not out […]
By Adedapo Adesanya More than 2,000 companies in the solid minerals sector owe the Nigerian government about N2.76 billion, the Nigeria Extractive Industries Transparency Initiative (NEITI) has alleged. The agency disclosed this in a statement issued by its Deputy Director/Head of Communications and Advocacy, Mrs Obiageli Onuorah. The NEITI Independent Solid Minerals Industry Report tracked […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited suffered a marginal 0.02 per cent loss on Monday following sell-offs in some equities like Eterna, MTN Nigeria, CWG, GTCO and others. Eterna and CWG closed the trading session as the worst-performing stocks after losing 10.00 per cent each to settle at N5.04 and 99 kobo respectively. […]
The latest monthly oil and gas report of the Nigerian National Petroleum Company Limited has revealed that the combined deficit of the headquarters of the NNPC and the three refineries under its management from January to September 2021 is N123.64bn. Figures contained in the September 2021 report indicated that while the cumulative deficits of the […]
Top stocks to watch this week The market was up by 0.36 per cent last week as investors continued to be drawn by stocks following a good number of strong full-year corporate results as well as dividend declarations by some companies. More annual reports are due this week and next including those of big lenders […]
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