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MTN Nigeria rated +Aa as stocks defy $2bn tax case
AN ‘Aa+’ rating has been assigned to MTN Nigeria Communications Plc by Nigeria’s first credit rating agency and a pan African leader in credit reports, Agusto& Co. limited, whose strong credibility presence and ratings are globally…
Total Nigeria assures shareholders of improved returns in 2019
CHAIRMAN, Total Nigeria Plc, Stanislas Mittelman, has assured the shareholders of the company of the board’s commitments towards enduring steady and consistent returns for their investments.Mittelman shared his optimism at the company’s…
Shareholders commend Stanbic IBTC’s performance, dividend payment
Shareholders of Stanbic IBTC Holdings Plc, a member of Standard Bank Group, have commended the financial institution for its outstanding financial performance for the 2018 financial year.The company was also commended for its dividend…
Cadbury Nigeria shareholders applaud dividend increase to N471m
Shareholders of Cadbury Nigeria Plc have applauded the board of the company for increasing its dividend payment from 16 kobo in 2017, to 25 kobo per share in 2018, amounting to N471 million.At the 54th Annual General Meeting (AGM) of…
Ellah Lakes diversifies into oil palm business
With listing of an addition 1.88 billion units of shares on the main board of the Nigerian Stock Exchange (NSE), Ellah Lakes Plc has announced its strategic shift into oil palm business, through the acquisition of Telluria Farms.Ellah…
FG Series II Green Bond oversubscribed by 220%
The Debt Management Office (DMO) has released the second series of Federal Government’s issuance of a green bond which was oversubscribed.According to a statement released following the subscription, the total value of subscriptions…
NSE, partners REDmoney to host IFN Nigeria Forum
The Nigerian Stock Exchange (NSE), in partnership with REDmoney Group, is set to hold the inaugural edition of the IFN Nigeria Forum themed, “Harnessing the Islamic Finance Sector for Infrastructure Development and Economic Growth”, on…
NASCON targets increased market share with innovations
NASCON Allied Industries Plc is targeting a larger market share in the food sector through increased product range and innovation.According to Executive Director, Commercial of NASCON, Fatima Aliko-Dangote, the company, which added…
Presco Plc to pay shareholders N2/share dividend
Shareholders of Presco Plc will soon receive reward for their investment in the company, information revealed by the firm has indicated.The board announced that it was proposing to pay a cash dividend of N2 per share to shareholders of…
Equities market loses N281bn in 3 trading sessions
The stock market lost in all three trading sessions and consequently closed negative 2.05 per cent, week-on-week to close at 30,432.13 points, having been on Eid el-Fitr holiday on Tuesday and Wednesday as declared by the Federal…