Nigerian stocks rally on the back of bank shares’ gains
Investors’ stronger risk appetite means trade volume scaled up by 10 per cent.
Tag: Nigerian Exchange Limited
BUA Foods lists 18 billion shares, now Nigeria’s second biggest consumer goods’ firm by market value
BUA Foods was listed at N40 per unit but appreciated by 10 per cent on the day of its admission, ...
51 Nigeria-listed companies fail to pay dividends in at least five years
Beer-maker Champion Breweries last paid a dividend in 1986, Golden Guinea Breweries 1997, Livestock Feeds 2001 and Union Dicon 2001.
![NEM Insurance [Photo Credit: Independent Nespaper]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2021/12/Independent-Nespaper.jpg?fit=770%2C460&ssl=1)
NEM Insurance announces consolidation of shares, two-week suspension of trading
The company will consolidate every two shares held by each shareholder into one share.
FBN Holdings’ nine-month profit tumble 40% as earnings shrink
The bank's gross earnings came to N427 billion, 2.8 per cent lower than what it reported a year earlier.
MTN Nigeria launches book-building ahead of IPO
Book Building helps companies determine the price of their shares.
UPDATED: MTN Nigeria to launch first public shares sale, offers 575 million units
It is the first time the local unit of Johannesburg-based MTN Group will welcome subscription from the public roughly two ...
Transcorp’s nine-month profit leaps 671% after firm’s venture into nuclear energy
The revenue was 57 per cent bigger than the figure posted in the same period of 2020.
Nestlè Nigeria to pay shareholders N19.8 billion interim dividend
The register of shareholders will be closed on November 22, ahead of the dividend payment on November 26.
PZ Cussons to pay shareholders N992 million dividend
The manufacturer of personal healthcare products and consumer goods moved from a N7.21 billion loss in 2020 to N1.69 billion ...
![Nigerian Breweries HQ [Photo credit: ow.ly]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2016/12/Nigerian-Breweries-Plc-487x274-700x394.jpg?fit=700%2C394&ssl=1)
Nigerian Breweries to pay shareholders interim dividend of N3.2 billion
The firm says those with names in its register by November 16 will qualify.
Access Bank to merge newly acquired Zambian unit with African Banking Corp
The agreement sets in motion the quest to broaden Access Bank’s presence in the Southern African country to 70 branches ...
United Capital’s nine-month profit surges 72% as revenue hits N11.3 billion
Pre-tax profit came to N7.1 billion, relative to the N4.1 billion recorded in the corresponding period of last year.
As banks cut jobs amid COVID, CEOs retained over N1.7 billion as pay
While Zenith’s Ebenezer Onyeagwu took a pay rise of more than four per cent, Innocent Ike of Polaris took N19 ...
Access Bank’s mid-year profit expands 42% as revenue nears N451billion
The bank' will pay shareholders an interim dividend of N0.30 for every share held by them.
NNFM, Meyer, Consolidated Hallmark top stocks to watch this week
Meyer has announced an interim dividend of N1.50, more than two times the price of the stock.
NGX suspends trading in GTBank shares ahead of holdco transition
The transaction is to enable Nigeria's biggest lender by market value consolidate its businesses into a single group.
Dangote Cement to resume purchase of own shares
Dangote Cement hopes the move will help create a lower supply of its common stock, needed to drive up share ...
Access Bank’s first quarter profit jumps 28% as asset hits N9.1 trillion
Profit for the period increased to N52.6 from N41 billion.
Nigerian Stock Exchange becomes public company after 11 years in the works
The shift makes the NSE the 57th exchange in the world to embrace such a transformation since Sweden’s Stockholm Stock ...
