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Capital Market
Q1: Domestic transactions of equities increase by 89%
THE total domestic transaction of equities on the Nigerian Stock Exchange (NSE) increased by 89.01 per cent in the first quarter of year 2020 compared to transactions in the corresponding period of 2019.
According to the report by the…
NSE commits N100m to support the fight against COVID-19
THE Nigerian Stock Exchange (NSE) has committed N100 million to support the fight against Coronavirus (COVID-19) in Nigeria. N60million out of this sum will be donated to the Capital Market Support Committee for COVID-19 (CMSCC), while the…
Seplat recorded $33.1m gross profit in Q1:2020
Nigerian oil and gas company, Seplat Petroleum, for the first three months of this year, has recorded a 59 per cent decline in gross profit to $33.1 million from $81.4 million in Q1 2019 just as revenue also declined by 18.2 per cent from…
Q1’2020: MTN Nigeria PAT increase by 5.6% to N51.1bn
MTN Nigeria Plc grew its profit after tax by 5.6 percent to N51.1 billion in the first quarter of 2020 compared with N48.4 billion reported during the same period in 2019.
According to the interim financial statement submitted to the…
Transcorp assures shareholders of improved dividend
Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have been assured of improved dividend as the management unveils new strategic vision for the conglomerate
The President/Group Chief Executive Officer (CEO) of…
COVID19: Nigerian Breweries’ revenue dips marginally by 0.09%
Nigerian Breweries Plc has made revenue of N83.2 billion for the first quarter of 2020, a marginal decline of 0.09 per cent when compared to the preceding year’s revenue.
According to the unaudited and provisional results filed…
Dangote Cement bonds oversubscribed by 50%
Dangote Cement Plc has announced the successful issuance of its N100 billion Series 1 Fixed Rate Senior Unsecured Bonds.
In a statement by the company, the bond issuance was said to have been oversubscribed by a wide range of investors…
Access Bank posts M40.9bn PAT in Q1’2020
Access Bank Plc records profit after tax of N40.9 billion for the first quarter of 2020, lower than the N41.2 billion declared in the same time of last year by 0.73 per cent.
In the financial statements of the bank, filed to the Nigerian…
COVID19: WAPIC Insurance Plc to refund motor vehicle insurance premiums
Wapic Insurance Plc, one of Nigeria’s leading underwriters has become the first Nigerian motor insurer to offer customers refunds on their insurance premiums. This act of empathy is made in line with Wapic’s understanding that most drivers…
COVID-19: GTBank gives 90-days moratorium on SMEs loan
TO reduce the effect of the Coronavirus Pandemic on Small and Medium Enterprises (SMEs) amid the lockdown, Guaranty Trust Bank, Africa’s foremost financial institution, has placed a hold on its loan repayment plan for all Small and Medium…