FG plans domestic foreign currency denominated bonds issuance in Q2 2024
The federal government plans to begin the issuance of domestic bonds denominated in foreign currency starting from the second quarter of this year according to Minister of Finance Wale Edun reported by...
View ArticleFinancial experts predict shift in Nigerian capital market focus in Q2 2024
The primary market for equities may take center stage in Q2’2024 driven by the imminent takeoff of a banking recapitalization exercise. The post Financial experts predict shift in Nigerian capital...
View ArticleUAC Nigeria Plc to pay shareholders N643.749 million dividends in 2023
Shareholders of UAC Nigeria Plc will receive a dividend of N643.749 million for the financial year ended December 2023, representing a total dividend of N0.22 kobo per share declared by the...
View ArticleBinance sets up its first Board of Directors, remains without global...
Binance, the world's largest cryptocurrency exchange has finally established its first board of directors after many years of operating without a board. The post Binance sets up its first Board of...
View ArticleAFDB looks forward to funding a $250 million gold mine in Zimbabwe
The African Development Bank (AFDB) has shown great interest in funding Caledonia Mining Corporation’s planned $250 million gold mine in Zimbabwe. The post AFDB looks forward to funding a $250 million...
View ArticleFidson Healthcare posts N5.9 billion pre-tax profit in 2023 with ethical...
Fidson Healthcare Plc posted a pre-tax profit of N5.9 billion in FY 2023, representing a marginal 2.4% increase from the N5.8 billion posted in 2022. The post Fidson Healthcare posts N5.9 billion...
View ArticleMarket volatility strikes as N252 billion erased from equity valuation
In the latest trading session, the NGX All-Share Index extended its downward trend, shedding 445.24 points to settle at 103,736.08 points. The post Market volatility strikes as N252 billion erased from...
View ArticleStanbic IBTC Pensions records N25.8 billion profits 2023
Stanbic IBTC Pension Managers reported an annual income of N61.09 billion in the year ending December 2023 representing a 16.5% increase from the N52.5 billion reported same period in 2022. The post...
View ArticleStanbic IBTC reports 74% PAT growth in 2023, to pay N28.5 billion final...
Stanbic IBTC has reported a net profit of N140.6 billion in 2023, marking a 74% growth from the N80.7 billion posted in 2022. The post Stanbic IBTC reports 74% PAT growth in 2023, to pay N28.5 billion...
View ArticleNaira gains N821 against the British pound from its February low
Following the Central Bank of Nigeria's reforms, the country's currency has consistently appreciated against the US dollar and other foreign currencies since the first week of March 2024. The post...
View ArticleShareholders of Transcorp Hotels to get N2.048 billion dividends for FY’2023
The dividend is subject to the appropriate withholding tax and will be will be paid to shareholders whose names appear in the Register of Members as at the close of business on 15th of April 2024 The...
View ArticleSolana struggles as 75% of user transactions fail
The Solana blockchain is currently going through a period of turmoil as data shows over 75% of user transactions on the network currently failing. The post Solana struggles as 75% of user transactions...
View ArticleZimbabwe changes its currency to ZiG, as Zimbabwean dollar ceases to exist
Zimbabwe has announced the launch of a new currency, as the country has effectively given up in its effort to salvage the Zimbabwean Dollar. The new currency which will be called ZiG is set to be...
View ArticleExchange rate for Customs cargo clearance drops to N1260/$
The foreign exchange rate for the Nigeria Customs Services’ (NCS) cargo clearance in ports and other goods entry points has dropped to N1260.49/$ from N1330/$ in the past few days. The post Exchange...
View ArticleWema Bank reports 193% PBT growth, proposes N0.50 dividend
Wema Bank has reported a profit before tax of N43.64 billion for the year ended 31 December 2023. The post Wema Bank reports 193% PBT growth, proposes N0.50 dividend appeared first on Nairametrics.
View ArticleCommercial Paper issuance declines by 75% in Q1 2024, as government...
Nairametrics' data tracking reveals a significant 75% year-on-year decline in the issuance of commercial papers in Nigeria. In Q1 2024, CPs totalling N165.36 billion were issued, a significant decline...
View ArticleSWOOTs recorded N17.9 trillion capital gains in Q1 2024
In the first quarter of 2024, stocks worth over one trillion (SWOOTs) listed in the NGX recorded about N17.9 trillion capital gains, as their total market capitalization appreciated by 57.4% from N31.2...
View ArticleNigerian Stock Market sees red from start to finish, suffers N156 billion...
The NGX All-Share Index wrapped up the trading week on a downward trajectory, shedding 298.41 points to close at 103,437.67 points, marking a decrease from the previous close of 103,736.08 points. The...
View ArticleRights Issue: NGX lists 63,342,455 ordinary shares of VFD Group worth N12.499...
With the listing of the additional 63,342,455 ordinary shares, the total issued and fully paid-up shares of VFD has now increased from 190,027,365 to 253,369,820 ordinary shares of 50 kobo each. The...
View ArticleBUA Foods leads as top performing FMCG stocks in Q1 2024
In the face of economic challenges, the consumer goods sector experienced bleak financial outcomes for the 2023 fiscal year. Despite the challenging financial performance in 2023, investors have...
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