CAPITAL MARKET NGX Reiterates on Investors’ Diversification of Portfolios in Capital Market The Nigerian Exchange Limited (NGX) has emphasized on the need for investors to diversify portfolios in the capital market in order to ensure enhanced return on investment. According to NGX, portfolio diversification is the process of investing one’s money in different asset classes and securities…
CAPITAL MARKET Abbey Mortgage Bank lists additional 3.69bn ordinary shares on NGX One of the foremost financial services institutions, Abbey Mortgage Bank Plc, has announced on the Nigerian Exchange Limited (NGX) its listing of additional shares of 3,692,307,692 ordinary shares of 50 kobo each via a rights issue. In an official statement from the management…
CAPITAL MARKET United Capital Record 50% Increase in PBT, Proposes N1.50 Dividend United Capital Plc has announced its audited financial statements for the year ended December 31, 2021 with profit before tax increasing by 50 per cent to N11.92billion as against N7.95billion reported in 2020. The audited result and accounts on the Nigerian Exchange Limited…
CAPITAL MARKET DMO to auction N150bn FG bonds to investors tomorrow Barring any last minute change, the Debt Management Office (DMO) will tomorrow auction N150 billion Federal Government bonds to investors. DMO announced this recently in a circular on its website. Nigerians can now work and earn dollars DAILY from home. Regular individuals can earn…
CAPITAL MARKET Market Cap Down N42bn WoW on Investors’ Profit-taking The positive activities in the stock market of the Nigerian Exchange Limited (NGX) witnessed a halt as investors profiting emerged in trading last week. In line with the bearish trend, the NGX All-Share Index moderated Week-on-Week (WoW) by 0.16 per cent to close at 47,202.30…
CAPITAL MARKET Jaiz Bank posts N4.21bn annual profit Jaiz Bank Plc has released its unaudited financial results for 2021 which show that the bank recorded a profit before tax of N4.21bn last year. Its pretax profit rose by 37.17 per cent from the N3.07bn recorded in 2020. The bank also declared a 31.76 per cent…
CAPITAL MARKET SEC wants capital market to attract more Nigerians The Securities and Exchange Commission has said it is committed to making the capital market attractive to all Nigerians. The Director-General, SEC, Mr Lamido Yuguda, said this during a meeting with a team led by the British Deputy High Commissioner in Abuja on Friday, according…
CAPITAL MARKET Popoola: Technology, Partnership, Others Top on NGX’s 2022 Agenda The Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr. Temi Popoola, has stated that technology, partnership and sustaining the momentum it has created in its digital journey will top the NGX agenda in 2022. He stated this yesterday in Lagos while presenting the NGX’s…
CAPITAL MARKET Conoil, three other marketers post N622.42bn revenue Four of the major oil marketing companies in Nigeria saw their combined revenue surged by 46.96 per cent last year as fuel demand recovers from the impact of the COVID-19 pandemic. The companies, namely Conoil Plc, TotalEnergies Marketing Nigeria Plc, MRS Oil Nigeria Plc and Eterna…
CAPITAL MARKET Airtel Africa Joins FTSE100 January 31 The London Stock Exchange has announced that Airtel Africa plc will be joining the FTSE100 on Monday 31 January 2022. Through its mobile telecoms and mobile money services, Airtel Africa plc is transforming lives of over 122 million people across the 14 African markets in which it…