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Capital Market
FMDQ admits Axxela’s N11.5bn bond
THE FMDQ Group, through its subsidiary, FMDQ Security Exchange Limited, has admitted the Axxela Funding 1 PLC N11.50 billion Series 1 Bond on its platform.This was disclosed by the FMDQ Group in a statement in Lagos.The statement…
Dollar falls as yuan leads charge in risk-on trades
The dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency.China’s yuan rose to a four-month high against the greenback,…
Nigerian Breweries shareholders approve N16.1bn dividend for 2019
SHAREHOLDERS of Nigerian Breweries Plc have approved a total dividend of N16.1 billion for the year ended December 31, 2020 at the Company’s 74th Annual General Meeting (AGM) held in Lagos.The total dividend translates to a dividend per…
H1: 10 broking firms trade N597.4bn shares
DESPITE the downtrends in the economy as a result of the novel Coronavirus and the decrease in oil price globally, ten stockbroking firms in Nigeria traded a total of N597.4 billion worth of shares between January and June 2020.The top…
NSE upgrades data portal for easy access
The Nigerian Stock Exchange (NSE) has upgraded its Data Portal (X-DataPortal).The revamped X-DataPortal, accessible via https://dataportal.nse.com.ng, provides a more efficient, user-friendly experience for subscribers. The new features…
Guinness Nigeria @ 70: CEO assures of improved performance
AS Guinness Nigeria celebrates 70th year of establishment and 55th year of being listed on the Nigerian Stock Exchange (NSE), the brewing company has assured its shareholders of improved performance in the years to come.The Chief…
Nigerian Breweries Shareholders approve N16.1bn dividend for 2019
SHAREHOLDERS of Nigerian Breweries Plc have approved a total dividend of N16.1 billion for the year ended December 31, 2020 at the Company’s 74th Annual General Meeting (AGM) held in Lagos.The total dividend translates to a dividend per…
CBN will unify exchange rate
Governor of the Central Bank of Nigeria, Godwin Emefiele says the bank will pursue the unification of the naira exchange rate around its NAFEX.This is as the bank’s director of corporate communication, Isaac Okorafor insisted that…
Access Bank CEO increases stakes in company with 3.1m shares
ACCESS Bank’s Chief Executive Officer and Managing Director, Herbert Wigwe purchased 3.1 million shares worth N21.4 million.According to a disclosure filed at the Nigerian Stock Exchange (NSE), the transaction, was carried out via…
COVID-19: IFC invests $100m in Zenith Bank to support SMEs
IFC, a member of the World Bank Group, has announced an investment of up to $100 million in Nigeria’s Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the…