Browsing Category
Capital Market
Local market dips by 13.49% amidst global equities slump
The Nigeria equity market last week went on decline in four of the five trading sessions amid fear of the impact of Covid-19 and oil-price slump.The Nigerian Stock Exchange (NSE) All Share Index commenced the trading week on a negative…
Union Bank to pay dividend after 11 years, increases profit by 33%
FOR the year ended December 31, 2019, having posted 33 per cent increase in its Profit before Tax, The board of Union Bank of Nigeria Plc has proposed to pay shareholders of the company a dividend 25 kobo per share, after 11 years.…
AFEX and FMDQ sign MoU to promote product innovation for Nigeria’s capital market
IN an event at the AFEX Commodities Exchange Limited (AFEX) offices in Abuja, FMDQ Holdings PLC and AFEX formalised their partnership by executing a Memorandum of Understanding (MoU), solidifying their mutual interest in developing products…
Neimeth shareholders approve capital restructuring
SHAREHOLDERS of Neimeth International Pharmaceutical PLC has unanimously approved the the restructuring plan of the company’s share capital by N898.164 million.At the Annual General Meeting (AGM) of the company on Thursday in Lagos,…
Access Bank proposes 40 kobo final dividend Increases profit by 11.8%
ACCESS Bank Plc has declared a final dividend of 40 kobo per share, bringing he total dividend payout for the financial year ended December 31, 2019, to 65 kobo per share, after it declared an interim dividend of 25 kobo per share for the…
MTN Nigeria to pay N7.92k dividend for year 2019
LEADING telecommunications company, MTN Nigeria Communications Plc, has announced the payment of N4.97 as final dividend for the year ended December 31, 2019. This is in addition to an interim dividend of N2.95, bringing its total dividend…
UBA increases profits to N111bn, proposes 80k final dividend
PAN-African financial institution, United Bank for Africa Plc (UBA) has announced its audited results for the full-year ended December 2019, recording impressive growth across top and bottom lines.According to the 2019 financials filed…
NSE admits AIICO’s 4.4bn additional shares
THE Nigerian Stock Exchange (NSE), says it admitted additional 4,400,000,000 ordinary shares of AIICO Insurance Plc onto its Daily Official List at N1.20 per share.The additional shares, which increased the company’s fully paid up…
International Breweries reiterates strategy on finance cost, indebtedness reduction
FOLLOWING the recently concluded Rights Issue and the subsequent listing on the Nigerian Stock Exchange (NSE), members of the Board and Management team of International Breweries Plc., a part of ABInBev, paid a courtesy visit to the Lagos…
Equities investors trade N17.9bn shares on negative sentiment
THIS week, the bears dominated the domestic equities market, amidst continued risk-off sentiments and the absence of positive market catalysts. Consequently, after four trading days of losses, the benchmark index dipped by 1.32 per cent…