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Capital Market
Dangote Cement becomes first Nigerian company to report its results using XBRL
Dangote Cement has become the first Nigerian listed company to report its financial results using IFRS taxonomy. It announced that its financial information has been made available to investors in eXtensible Business Reporting Language…
NGX, Greenwich Securities and Africa Prudential collaborate on retail investor workshop
Nigerian Exchange (NGX) Limited continues to promote investor education with its Retail Investor Workshop, the latest of which held on Wednesday, 14 July 2021. The webinar which was hosted in collaboration with Greenwich Securities Limited…
Shareholders of Nova MB applaud N800m dividend
Shareholders of NOVA Merchant Bank has commended the board and management for the impressive performance over the years; approving the payment of N800 million as dividend for the year ended December 31, 2020, despite the challenging…
NGX Group listing indicates strong prospect —Onyema
The Group Managing Director/Chief Executive Officer (CEO), NGX Group Plc, Mr Oscar Onyema, has said there are indications that the listing by introduction of the group on the trading platform will attract dynamic investors.Ahead of its…
FMDQ approves quotation of FBNQuest MB’s N7.34bn
Following its due diligence process, FMDQ Securities Exchange Limited , through its Board Listings and Markets Committee, has approved the quotation of the FBNQuest Merchant Bank Limited N7.34 billion Series 19 Commercial Paper (CP) under…
SEC approves renewal of Dangote Cement’s buyback programme
The Securities and Exchange Commission (SEC) has approved the renewal of Dangote Cement Share Buyback Programme effective until the 21st of January, 2022.According to a notice signed by the deputy secretary of Dangote Group, Edward…
FCMB Pensions acquires 60% of AIICO Pensions
The ownership structure of AIICO Pensions Managers Limited (AIICO Pensions) has changed with the acquisition of 60 per cent of the company by FCMB Pensions Limited (FCMB Pensions).This has now made FCMB Pensions, a subsidiary of the…
‘Lafarge Africa harnesses human, technological advancement to achieve efficiency’
Lafarge Africa Plc, a leading Sub-Saharan Africa building solutions company and member of LafargeHolcim, a world leader in building solutions, accelerating our world’s green transformation has confirmed its commitment of building for people…
Coronation Merchant Bank lists N25bn bond on NGX
THE Nigerian Exchange (NGX) Limited has admitted N25 billion bond issued by Coronation Merchant Bank.The N25 billion Coronation Merchant Bank paper was sold to investors under the company’s N100 billion bond issuance programme. It has a…
Nestle Nigeria Plc to pay N28.14bn dividend to shareholders
NESTLE Nigeria Plc has approved a final dividend payment of N28.14 billion representing N35.50 per share for the 2020 financial year at the 52nd Annual General Meeting (AGM) of the company.According to a document signed by the company’s…