Shareholders of Transcorp Hotels approve N2.05 billion dividend
Shareholders of Transcorp Hotels Plc have endorsed the recommendation of the board of directors for a dividend of N2.05 billion for the financial year ending December 31, 2023. The post Shareholders...
View ArticleAccess Holdings blows past N30 trillion in total assets in first quarter of 2024
Access Holdings has maintained its position as Nigeria's largest banking group, with assets reaching N32.6 trillion as of March 31, 2024. The post Access Holdings blows past N30 trillion in total...
View ArticleNaira trades at April low as U.S dollar near six month high
The Nigerian naira traded near its April low, while the dollar index approached a six-month high as the anticipation of a Federal Reserve meeting kept traders largely biased towards the greenback. The...
View ArticleBitcoin drops below $62,000 as Hong Kong ETFs disappoint
Bitcoin drops Below $62,000 as Hong Kong ETFs Disappoint pulling in only $11 million from expected $100 million The post Bitcoin drops below $62,000 as Hong Kong ETFs disappoint appeared first on...
View ArticleBitcoin drops below $60K, down 13% in April
Bitcoin’s price broke below the 60K mark after falling over the past five days, hitting a low of $59.1K at the time of writing. The post Bitcoin drops below $60K, down 13% in April appeared first on...
View ArticleFCMB’s Pre-tax profit surges by 193% in Q1 2024
FCMB Group Plc released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N31.344 billion, marking a significant 193% increase year-on-year The post FCMB’s Pre-tax profit...
View ArticleFCMB Group to seek shareholders’ approval for N150 billion capital raise
The Group will also seek shareholders’ endorsement for the increase of the Company's issued share capital from N9,901,355,390.50 divided into 19,802,710,781 ordinary shares of 50k each to...
View ArticleNaira opens May with slight decline, trades at N1,360/$ in parallel market
The Naira opened the month of May on a negative note, trading at N1,360/$ at the parallel market, representing a slight decline of 0.74% from the naira-dollar exchange rate seen the previous day. The...
View ArticleSeplat to pay N46.2 billion for 2023 final, special dividend
Seplat Energy Plc is set to disburse a total of N46.2 billion for its 2023 final and special dividends, representing a dividend payout ratio of 57%. This allocation aligns with the company's net income...
View ArticleCPPE to CBN: Adopt quarterly FX rate for customs duty collection
The Centre for Promotion of Public Enterprise, (CPPE) has asked CBN to adopt a specific quarterly exchange rate for import duty collection as a measure towards addressing the problems associated with...
View ArticleQ1 2024: Eternal Oil reports a pre-tax loss of N3.3 billion driven by FX losses
Eternal Oil Plc has released its financial performance for Q1 2024, disclosing a pre-tax loss of N3.302 billion, a stark contrast to the N1.29 billion pre-tax profit reported in Q1 2023. The post Q1...
View ArticleFX gains ease inflation pressure on businesses as Nigeria’s PMI jumps to...
Exchange rate gains in the naira during the month of April led to a slowdown in inflation pressure according to the Stanbic IBTC Nigeria Purchasing Managers Index (PMI) in the month of April. The post...
View ArticleNGX fines three companies N49.5 million for default filings
The companies include African Alliance Insurance Plc, NCR (Nigeria) Plc, and eTranzact International Plc. The post NGX fines three companies N49.5 million for default filings appeared first on...
View ArticleNigerian Court adjourns case against Binance and its executives to May 17
A Federal High Court sitting in Abuja on Thursday morning adjourned the case against Cryptocurrency exchange Binance and its two executives to May 17. The case borders on Money laundering and Tax...
View ArticleFCMB Group to pay N9.901 billion dividend to shareholders for FY 2023
Shareholders of FCMB Group Plc will receive a total dividend of N9.901 billion for the financial year ending December 2023, representing a reward of 50 kobo for each share held. The post FCMB Group to...
View ArticleSeplat Energy Plc sets Naira exchange rate at N1,309.88/$ for 2023 dividend
Seplat Energy Plc declares N1.309.88/$1 as applicable currency exchange rate for 2023 dividend payout The post Seplat Energy Plc sets Naira exchange rate at N1,309.88/$ for 2023 dividend appeared first...
View ArticleBUA Cement continues with its profit decline streak in Q1 2024
BUA Cement Plc has released its financial results for Q1 2024, marking yet another period of profit decline with a pre-tax profit down 39.97% to N21.286 billion, compared to N35.461 billion reported in...
View ArticleNaira drops to N1,402.67 in latest official market trading
In the opening trading session of May at the NAFEM window, the Naira experienced a slight decline, settling at N1,402.67 to the dollar, which is a 0.83% decrease from the previous close of N1,390.96 in...
View ArticleNGX starts May on bullish note as investors gain N300 billion
The NGX kicked off the month of May on a bullish note with the All-Share Index appreciating by 0.55%, gaining 537.15 points to close at 98,762.78 points. Investors also gained N300 billion as the...
View ArticleBREAKING: FBNH, UBA, GTCO, Access Bank, drop out of trillion market cap club
As of December 2023, Nigeria's largest banks had a total net asset value of N9.7 trillion but only a combined market capitalization of N4.2 trillion ($ billion), translating to a price-to-book ratio of...
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