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 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 […]
As investors react to GDP, earnings results STOCK market investors have continued repositioning their portfolios following the release of a positive Gross Domestic Product, GDP, last Thursday showing fourth quarter 2021 economic growth at 4.0 percent and full year at 3.4 per cent, the highest since 2014. Consequently, the Nigerian Exchange Limited, NGX, All Share […]
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 […]
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 […]
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 […]
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
No doubt, barely one month after, the market has not proven us wrong as year-to-date (YtD) positive return stayed at +10.18percent At the beginning of the year, we showcased Nigerian stocks investors should buy in this year 2022 as a guide to those seeking both capital appreciation and long term returns in form of dividend […]
Analysts have said trading activities on the Nigerian stock market will be driven by the outcome of the Monetary Policy Committee (MPC) meeting. The MPC is expected to hold its first meeting of the year on the 24th and 25th of January 2022. Analysts expect the Committee to assess global growth prospects for the year […]
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