Insurance Companies in Nigeria and Africa have acquired capacity to underwrite agribusiness towards the support for food security in the continent following a partnership deal between Africa Reinsurance Corporation and IFC, a member of World Bank Group, DMD/COO Africa Re, Ken Aghoghovbia has said. In a statement, he added, "In order to address the challenges […]
Nigeria’s Stock Exchange Remains in Bears’ Zone with 0.01% Loss By Dipo Olowookere It was another day in the bears’ territory for Nigeria’s stock exchange on Tuesday as it marginally depreciated by 0.01 per cent at the close of transactions. Mild profit-taking in Zenith Bank, Access Bank, Axa Mansard and 12 other equities contributed to […]
Darasimi Adebisi Guinness Nigeria Plc Monday in Lagos declared a final dividend of N0.46k per 50 kobo ordinary share, translating to N1.01 billion for the financial year ended June 30, 2021. The company’s secretary, Rotimi Odusola in a statement on Nigerian Exchange Limited (NGX) explained that, “On 20th October 2021, dividends will be paid electronically […]
By Adedapo Adesanya AG Mortgage Bank Plc has said due to its capital impairment, it won’t be able to pay dividends to shareholders for the fiscal year ended December 31, 2020. This information was disclosed in its Annual Report and Accounts for the year. The firm is skipping the dividend payment despite growth in its […]
The Nigerian equities market closed the trading week last Friday on a positive note as the Nigerian Exchange Limited (NGX) All Share Index or ASI rose by 0.23 per cent to close at 38,962.28pts. Similarly, the NGX-ASI closed up by 0.05 per cent week-to-date (WTD). At the close of trade last Friday, market breadth index […]
NGX Group trading floor The Nigerian bourse touched its peak volume level in months on Friday, with strength coming from tremendous trade activities in the shares of First Bank Holdings, which also reported its biggest daily volume since the inception of the year, accounting for 76 per cent of the total number of shares traded. […]
By Taofik Salako, Deputy Group Business Editor Total Nigeria Plc has formally concluded its change of name to TotalEnergies Marketing Nigeria Plc with the listing of the new name at the Nigerian Exchange (NGX) Limited. The change of name was in line with the approval obtained from the company’s shareholders at its extra-ordinary general meeting […]
Nigerian Stock Exchange Investors Earn N733bn Dividends In Nine Months Investors have received over N732 billion from dividend payout by 58 companies across 10 sectors listed on Nigerian Exchange Limited (NGX) in nine months. A breakdown of the N732.91 billion dividend paid so far by listed firms on the exchange showed that out of the […]
The Nigerian Exchange Limited All-Share Index posted the worst gains among African stock markets at -2.53 per cent year-to-date as of September 7, according to African Markets. African Markets is a provider of financial market data, news, analysis, and research with a focus on Africa. Data from the website showed that among 17 stock exchanges […]
We retain Outperform rating on Total shares Total’s Q2 ’21 results were strong across the P&L. Sales were up 132% y/y to NGN84.6bn, driven by a recovery in all segments. Although we had expected sales to compare favourably with last year because of lockdowns in Q2 ’20, the magnitude of the y/y increase was surprising. […]
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