CAPITAL MARKET Cadbury, University Press, others lift NGX index by 0.4 per cent Equities market, yesterday, reversed losses to close on 0.4 per cent high, as occasioned by gains in major blue chip companies, especially Cadbury Nigeria and University Press. The All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) appreciated by 171.55 absolute points,…
CAPITAL MARKET Shareholders Commend Guinness Nigeria for Returning to Profitability, Approve N0.46 kobo Dividend The board and management of Guinness Nigeria Plc has received commendations from its shareholders for leading the company back to profitability after trouncing a loss in prior year’s financial. The commendations came during the 71st Annual General Meeting (AGM) of the…
CAPITAL MARKET FBN Holdings Tops Stock Market Activity Chart with 73.06m Shares Transactions in the shares of FBN Holdings (FBNH) topped the activity chart with 73.062 million shares valued at N906.755 million on the Nigerian Exchange Limited (NGX) yesterday. Followed was Guaranty Trust Holding Company with 25.039 million shares worth N715.263 million, while Universal Insurance…
CAPITAL MARKET PZ Cussons Nigeria Reports N1.7nbn Profit in 2021 FY PZ Cussons Nigeria Plc has migrated from N7.21billion loss in 2020 financial year to N1.69billion in full year ended May 31, 2021. The company’s made available by the Nigerian Exchange Limited (NGX) revealed that it recorded N3.44billion profit before tax in 2021 financial year…
CAPITAL MARKET Otedola: Shareholders, analysts foresee spike in FBNH share price Shareholders and analysts in the Nigerian capital market have projected a rise in the share price of FBN Holdings Plc as the tussle for controlling interest by the major investors in the company looks set to heighten. FBN Holdings, in a statement released to…
CAPITAL MARKET CSCS reappoints CEO, aims to diversify business The board of the Central Securities Clearing System has approved the re-appointment of the Chief Executive Officer, Mr Haruna Jalo-Waziri, for another five-year term. CSCS disclosed this in a statement on Tuesday, saying the company had seen a major boost in its revenue base and had…
CAPITAL MARKET Equities rebound as market capitalisation rises by N54 billion The equities market reversed bearish sentiment to close in an upbeat yesterday, occasioned by renewed bargain hunting in major industrial goods and insurance sectors, as market capitalisation increased by N54 billion. Specifically, the All-Share Index (ASI) appreciated by 105.04 absolute points, representing a rise…
CAPITAL MARKET Fidelity Bank to Raise $500m Unsecured Notes From International Market The management of Fidelity Bank Plc has expressed decision to raise $500million capital from the international debt capital market through unsecured notes insurance. The Company Secretary, Fidelity Bank, Ezinwa Unuigboje in a statement on the Nigerian Exchange Limited (NGX) said the intended capital…
CAPITAL MARKET CHI Microinsurance begins operations, eyes retail users CHI Microinsurance Limited has officially commenced operation with plans to insure about 100 million uninsured grassroots dwellers in the country. A statement issued by the company said that while speaking at the official launching of the micro-insurance firm, the Group Managing Director/Chief Executive Officer, Consolidated Hallmark…
CAPITAL MARKET CHI Microinsurance begins operations, eyes retail users CHI Microinsurance Limited has officially commenced operation with plans to insure about 100 million uninsured grassroots dwellers in the country. A statement issued by the company said that while speaking at the official launching of the micro-insurance firm, the Group Managing Director/Chief Executive Officer, Consolidated Hallmark…