The apex regulator of the Nigeria capital market, theSecurities and Exchange Commission, (SEC), has announced a surplus of N2.5 billion in the first half of 2022. The Commission had projected an annual deficit of N1.6 billion for 2022 at the beginning of the year. Speaking at the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper, MTEF/FSP […]
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Dangote Industries Limited (“DIL” or the “Group”), one of the leading, diversified and fully integrated conglomerate in Nigeria and Africa, is pleased to announce the successful completion of its ₦187.6bn Series 1 Bond Issuance (the “Transaction”), which is the largest corporate bond ever issued in the history of the Nigerian capital market This landmark transaction […]
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Dangote Sugar Refinery Plc has restated its commitment to the achievement of Sugar Backward integration projects, describing it as the best thing that happened to the sector. Speaking to shareholders at the 16th Annual General Meeting (AGM) of Dangote Sugar Plc, in Lagos the Chairman of the Company, Aliko Dangote, said that despite the harsh […]
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Shareholders of Dangote Cement Plc have commended the Management of the company for an impressive performance by the company for the year ended December 31, 2021, despite the economic challenges in the year. Unanimously, the shareholders approved N20 per share for the year ended December 31, 2021 as against the N16 paid in the preceding […]
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The United Bank for Africa (UBA) on Wednesday, redeemed its debut $500 million 5-year Eurobond notes with the maturity date of June 8, 2022. Issued in 2017, the five-year bond was offered at a coupon rate of 7.75%, and raised to support the Bank’s business in key sectors of the economy. As part of UBA’s […]
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Guaranty Trust Bank Ltd (GTBank), the banking subsidiary of Guaranty Trust Holding Company Plc (GTCO Plc or the Group), emerged winner in four major categories at the 12th annual Brand Africa 100: Africa’s Best Brands 2022 rankings of the Top 100 Most Admired Brands in Africa. The award is an initiative by Brand Africa aimed […]
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The Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has stated that the identity management system being developed by stakeholders would tackle problem of unclaimed dividend in the capital market. He disclosed further that the initiative is expected to create room for scalability as technology evolves. Recieving members of the Committee on identity management for the Capital Market in Abuja at the weekend, […]
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Pan-African financial services giant, United Bank for Africa Plc (UBA) has announced its audited results for the full-year ended December 31, 2020, recording impressive growth across its top and bottom lines. The 2020 audited financials filed at the Nigerian Stock Exchange (NSE) on Monday, showed that bank’s gross earnings grew by 10.8 percent to N620.4 […]
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Activity on the Nigerian Stock Exchange (NSE), on Tuesday, August 25 2020, defied the negative Gross Domestic Product (GDP) recorded in the second quarter of 2020 to rev upward to positive zones. Thus, the total market value( market capitalization) increased further by N33 billion or 0.25 per cent to N13.194 trillion against N13.161 trillion posted […]
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Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer (CEO) of the company, Mr. Roger Brown, will improve on the fortunes of company and deliver more value to all stakeholders. Roger, who was the chief financial officer (CFO) of Seplat, resumed office as CEO August 1, 2020, following […]
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Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the investing public of the appointment of Mrs Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective January 1, 2021. The bank made the announcement in a notice on the NSE website, signed by Ezinwa Unuigboje, its Company Secretary. The notice said […]
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