I will reinvest 100% of my dividends in right issues – Elumelu tells UBA...
UBA shareholders have been urged to reinvest their dividends in the bank’s upcoming rights issue. The post I will reinvest 100% of my dividends in right issues – Elumelu tells UBA shareholders appeared...
View ArticleShareholders approve Champion Breweries’ 559 million shares allotment plan
These shares according to the company would be distributed to shareholders listed in the company's Register of Members as of the close of business on May 10, 2024. The post Shareholders approve...
View ArticleBanking stocks plummet as investors anticipate right issues
The Nigerian equities market witnessed a downturn this week, as the NGX All-Share Index (NGXASI) declined by 0.52% week-on-week (WoW) to settle at 97,612.51 points. The post Banking stocks plummet as...
View ArticleFX turnover surges by 231.99% as CBN raises N1.16 trillion from OMO bill auction
Nigeria’s foreign exchange market has seen the turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window surge by an astonishing 231.99% on May 24, 2024 The post FX turnover surges by...
View ArticleNaira holds N1500/$ line amid EFCC clampdown on street trading
The naira held its ground on the unofficial market, appreciating against the dollar on the parallel market as the dollar index posted some losses amid profit-taking. The post Naira holds N1500/$ line...
View ArticleNGX delists Arbico Plc’s shares from daily official list
The Nigerian Exchange Limited (NGX) has delisted the Shares of Arbico Plc from its Daily Official List of NGX. The post NGX delists Arbico Plc’s shares from daily official list appeared first on...
View ArticleNigeria’s forex policy is “suicidal”, Stockbrokers warn
The CIS has expressed concerns about the impact of recent foreign exchange reforms on companies with significant foreign exchange components The post Nigeria’s forex policy is “suicidal”, Stockbrokers...
View Article2023 FY: VFD Group reports first loss as a publicly listed company
VFD Group released its 2023 full-year results showing gross earnings rose 31.9% to N45.1 billion. The post 2023 FY: VFD Group reports first loss as a publicly listed company appeared first on...
View Article2024 Q1: VFD Group reports N3 billion in pre-tax profits
VFD Group Plc, a leading proprietary investment company, has released its financial statements for the first quarter of 2024. The post 2024 Q1: VFD Group reports N3 billion in pre-tax profits appeared...
View ArticleShareholders throw weight behind Fidelity Bank’s recapitalisation plan
Shareholders have expressed readiness to massively support and mobilise for the ongoing recapitalisation of Fidelity Bank Plc amid commendations for the impressive performance of the bank over the...
View ArticleEmbrace technology to solve unclaimed dividend issues in Nigerian capital...
The Securities and Exchange Commission (SEC) has called on companies’ registrars to embrace technology as one of the ways of ensuring that the issue of unclaimed dividends in the capital market becomes...
View ArticleExchange rate for customs duties stays at N1,480/$
The exchange rate for customs duties collection has risen from N1467/$ to N1,480 just below the official market rate of the NAFEM window which stood at N1,482.81 to the USD. The post Exchange rate for...
View ArticleFBN Holdings Plc declares 40 kobo dividend per share for FY 2023
Shareholders of FBN Holdings Plc will receive a total dividend of N14.35 billion for the financial year ended December 2023, representing a total dividend of 40 kobo per share declared by the group....
View ArticleCrypto investment firm founder says Ethereum could hit $4.5k before first ETF...
Arthur Cheong, a crypto expert and founder of crypto-focused investment firm DeFiance Capital has stated that the price of Ethereum could hit $4.5k before the first Ethereum Spot Exchange Traded Fund...
View ArticleHow to mine Hamster Combat coins and earn money from it
The interest of Nigerians in Web 3 projects significantly increased following the very successful airdrop campaign by Notcoin which had many Nigerians earning money. The post How to mine Hamster Combat...
View ArticleFBN Holdings posts 325% profit growth in first quarter of 2024
FBN Holdings Plc has released its unaudited financial results for the first quarter of 2024, posting a pre-tax profit of N238.5 billion, which marks 325% year-on-year growth from the N56.1 billion...
View ArticleNaira appreciates to N1,339.33/$1 on official market, best in 2 months
The exchange rate between the Naira and the Dollar at the official window saw a significant appreciation of 10.71% on Monday, closing the day at N1,339.33/$1. The post Naira appreciates to N1,339.33/$1...
View ArticleTizeti declares 0.03 kobo dividend per share for FY 2023
One of Nigeria’s Internet Service Providers (ISPs), Tizeti, has declared to pay its shareholders a dividend of 0.03 kobo per share to its shareholders for the financial year ended December 2023. The...
View ArticleAnalysis: Why Ethereum ETF isn’t seeing global price spikes after May approval
The United States Securities and Exchange Commission (SEC) recently approved the much-anticipated spot Ethereum Exchange Traded Funds (ETFs). The post Analysis: Why Ethereum ETF isn’t seeing global...
View ArticleTotal transactions in Nigerian equities market fall 36% in April to N346...
Nigerian Exchange Limited (NGX) says that the total domestic and foreign portfolio transactions in Nigeria’s equity market amounted to N346.23 billion in April 2024. The post Total transactions in...
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