Category: Capital Market

  The private sector led Coalition Against COVID-19 (CACOVID) has donated fully equipped isolation centres and medical equipment running into several millions of naira to the Ondo and Kwara state governments.   The donation was in response to plea by state governors and to strengthen the partnership with governments at all levels to help contain the coronavirus pandemic in the country.   The group, which comprises leading private sector operators, had earlier donated similar items to the governments of Rivers and Enugu states, apart from the distribution of food palliatives,…

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Nigerian Stock Exchange yesterday sustained its positive outlook for the ninth consecutive trading session as the overall performance measures, NSE ASI and market capitalisation, rose further by 0.87 per cent each.   Market watchers attributed the development to renewed confidence as bargain hunters leverage on undervalued stocks.   Consequently, the All-Share Index rose by 210.88 basis points or 0.87 per cent to close at 24.354.25 index points as against 24.143.37 recorded the previous day while market capitalisation of equities appreciated by N110 billion or 0.87 per cent to close higher…

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    Shareholders of FCMB Group Plc have approved payment of a cash dividend of 14 kobo per ordinary share, which translates to N2.77 billion, for the year ended December 31, 2019.   The shareholders, who gave the endorsement at the 7th Annual General Meeting (AGM) of the group in Lagos, also applauded the financial institution for its resilience, dynamism and impressive performance recorded last year despite the challenging operating environment.   The AGM was held by proxy, following the outbreak of Coronavirus pandemic, and streamed live via www.fcmb.com/AGM to…

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      Members of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) have been assured of continued support for Quickteller Paypoint Agents during the ongoing global COVID-19 crisis.   This assurance was given by Titilola Shogaolu, Divisional CEO, Interswitch Financial Inclusion Services (IFIS), at a virtual forum organised recently by the Association, for its members.   Expressing her profound gratitude to AMMBAN, she commended the association for putting the forum together at a time like this, when the COVID-19 pandemic has disrupted so many businesses across…

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    The equities market closed yesterday on a positive note to commence weekly trading activities on the upswing after the market also closed green last Friday.   The market performance indices, NSE ASI, appreciated by 0.30 per cent with market breadth closing negative with 15 gainers as against 19 losers.   The upswing, according to market watchers, was driven by bargain hunting activities on the back of undervalued stocks following renewed appetite in anticipation of share appreciation.   Consequently, the All-Share Index grew by 68. 85 basis points or…

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  The Nigerian equities market yesterday closed negative to begin the trading week on the downtrend over sell pressure, producing only 16 losers and only 14 gainers.   Key market indicators, the NSE ASI, declined by 0.005 per cent as investors sell off their shares following the Coronavirus global threat.   The All-Share Index had dropped by 1.18 basis points or 0.005 per cent from 22,921.59 index points last Friday to 22,920.41while the market capitalisation of equities depreciated by N613 million to close at N11,945.042 trillion from N11,945.655 trillion.  …

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Private Sector Coalition Against Covid-19 (CACOVID-19) has stepped up its complimentary efforts towards freeing the nation of the Pandemic. The Coalition which is being spearheaded by Aliko Dangote Foundation (ADF) and Access Bank Plc, according to ADF CEO, Zouera Youssoufou and Head of Corp Communication of Access Bank, Amaechi Okobi, is already building isolation centres across the country and will begin the training of medical personnel for speedy action and also provide relief packages to cushion the effect of the pandemic. The duo in a briefing at the weekend noted…

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FMDQ Securities Exchange Limited has admitted to its platform, the Flour Mills of Nigeria PLc’s Series 3 N12.49 billion Tranche A and N7.50 billion Tranche B Fixed Rate Senior Unsecured Bonds under the N70.00 billion Bond Issuance Programme. The exchange also admitted for listing on its platform, the Chapel Hill Denham Nigeria Infrastructure Debt Fund Series 6 162.72 million Units of N100.00 each at N109.72 under the N200.00 billion Issuance Programme. The exchange had in December 2018 admitted the Flour Mills of Nigeria Series 1 & 2 N20.11 billion bonds.…

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The Nigerian Stock Exchange has extended the due date for the submission of the audited financial statements for listed companies with March 31, year end by 60 days from June 29, 2020 to August 28, 2020. The extension follows an earlier circular of March 23, 2020, with reference number NSE/RD/LRD/CIR5/20/03/23 wherein listed companies were granted a sixty day grace period for the submission of their audited financial statement for the year ended December 31, 2019. “Further to the provisions of Rule 17:20 (g): Financial Reporting and Periodic Disclosure, Rulebook of…

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