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 […]
Tag: XNSA
Meyer, Ecobank, Access Bank top stocks to watch this week
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 […]
Ecobank to pay $40m dividends to shareholders
The Pan-African banking group, Ecobank Transnational Incorporated (ETI), is set to pay its shareholders dividends of $0.16 per share totaling $40 million for the year ended December 31, 2021. This implies approximately CFA90, N66.6, or 1.08 Ghana Cedi per share. For Nigerian and Ghanaian investors, this represents 5.5 times and 8.3 times, respectively, the most […]
Nigeria: UBA’s Diversified Business Model, Enhanced Digital Platforms Key to Financial Gains – Uzoka
United Bank for Africa Plc is Africa’s global bank with a presence in the United States of America, the United Kingdom and France and more recently the United Arab Emirates Africa’s global bank, United Bank for Africa (UBA) Plc, has assured its shareholders and investors of excellent performance in the 2022 financial year, as the […]
Nigeria: More Nigerian Banks Limit Foreign Currency Spending On Naira Cards
A person holds cash in different currencies. <i>Customers will not be able to spend above $20 or $50 a month on their naira cards.</sub> More Nigerian banks have reduced their monthly international spending limit on naira cards. The banks informed their customers they were reducing the limit from $100 to either $20 or $50 a […]
Gains in 30 stocks lift capitalisation further by N69 billion
Transactions on the Nigerian Exchange Limited (NGX) continued in an upbeat mood yesterday, as gains in 30 stocks lifted market capitalisation further by N69 billion. Specifically, market capitalisation of listed equities increased by 0.27 per cent to N25.480 trillion from N25.411 trillion reported on Wednesday. Also, the NSE All Share Index, which measures the performance […]
GTCO to pay shareholders N88 billion total dividend
Guaranty Trust Bank (GTB) Guaranty Trust Holding Company PLC will pay shareholders a total dividend of N88.293 billion, translating to N3.0 for every share. of 50kobo, the firm said in a document published on the Nigerian Exchange Limited website and seen by PREMIUM TIMES on Friday. GTCO paid 30 kobo interim dividend for the first […]
Top performing stockbroking firms on NGX in February 2022
EFG Hermes Nigeria, Cordros Securities, and Rencap Securities led the list of top-performing stockbroking firms in February 2022, jointly trading in stocks worth N45.6 billion in the month under review. This is contained in the broker performance report released by the Nigerian Exchange Group (NGX) for the month of February 2022. According to the report, […]
Five Top Nigerian Banks with Largest Customers Deposit As GTCO, UBA Record Outstanding 2021
The year 2021 was an outstanding one for Nigerian banks despite the economic challenges in the country The banks were not only able to post outstanding profits they recorded an increase in customers deposit Customer deposits remain one of the most competitive items in the banking sector since it is from this medium that loans […]
Nigeria: Trading in Fixed Income, Currency Markets Slumps to N14trn
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]