Investors with Chams, Stanbic and IBTC pocketed N260 billion at the close of trading on Monday. This followed the growth in the market capitalization from N36.88...
In a bid to forestall the circumstances that led to Central Bank of Nigeria (CBN) clamping down on FBN Holdings in 2015 when Oba Otudeko was...
Barbican Capital has acquired 4.77 billion shares of First Bank of Nigeria (FBN) Holdings. FBN Holdings confirmed the development in a notice sent to the Nigerian...
The billionaire businessman, Femi Otedola’s exit from Transnational Corporation (Transcorp) has resulted in a 9.93 percent drop in shareholders’ investment value. Ripples Nigeria had reported that...
Dangote Cement shareholders will be paid N340 billion in April 2023 as their dividends for investing in the company’s shares for the period of 2022. The...
Oando Plc has obtained a court order for extension to develop and submit Scheme of Arrangement Document for the purchase of minority stake from shareholders. Oando’s...
The management of Nigerian Exchange (NGX) Group Plc failed to tender the request to raise funds from the equity market at their 61st Annual General Meeting...
Despite the need for more income, many Nigerian owners of publicly traded firms have elected to forego dividend payments as a hedge against growing inflation. Although...
McNichols Consolidated, an indigenous consumer food and beverage company, has resolved to undertake a rights issue for its shareholders amid a bullish run in the capital...
This week’s stocks to watch list consist of three firms with debt threatening their shareholders’ dividend, and another that’s entering a new market beyond its traditional...
As investors exited their investment in Guinness, demand for Champion Brew, International Breweries and Nigerian Breweries in the capital market rose, as rivals gained from Guinness’...
MTN Nigeria share rallied on Thursday, exiting the loss it suffered on Tuesday, following approval of its dividend payment at the Annual General Meeting of the...
Shareholders’ investment in Dangote Cement grew by 2.37% after four days of trading this week while its market competitor, BUA Cement, didn’t offer its investors much...
Shareholders total investment in the Nigerian capital market dropped by 0.05 percent at the close of trading on Friday. The equity capitalization dropped by N14.80 billion...
Wema Bank is to raise N40 billion from its sharesholders as the company seeks funds from the capital market, the board of directors revealed in a...
MTN Nigeria share slumped last week as sell pressure continued among shareholders engaging in profit-taking. Analysis showed that the capital market has been pricing the y’ello...
Access Bank investors cashed in on the positive sentiment that greeted the acquisition of African Banking Corporation of Botswana Limited (BancABC Botswana) last week. The Nigerian...
MTN Nigeria is going ahead to borrow almost N90 billion from the debt market to fund its domestic operations. The credit will be obtained through bond...
Fidelity Bank shareholders will go without dividend in the First-Half of 2021 despite the financial institution reporting revenue growth during the same period. In its financial...
As the capital market sets to enter a new week, Africa Prudential stock is in a bearish state, and it will be carrying a red flag...
The major indices of the Nigerian stock market recorded marginal growth on Wednesday, the taking the bourse positive output to four consecutive trading sessions. This followed...
The market value of BOC Gases Nigeria Limited has crashed by 18.9 percent just one week after the company approved its Audited Financial Statements for the...
This week hasn’t been good for shareholders of Dangote Cement, as the company has been in a losing phase, while trading on the manufacturer’s stock has...
The Nigerian capital market reacted negatively to report of Access Bank acquiring a commercial bank in Mozambique, crashing the Nigerian lender’s stock value in two days....
Insider dealings by UAC Nigeria’s Chief Executive Officer, Folasope Aiyesimoju, has increased investors’ interest in the company’s stock as share value increased by N0.15kobo within days...
11 plc has extended its timeframe for exit consideration for shareholders as it nears delisting date from the Nigerian Stock Exchange (NSE). The extension will give...
Despite reconstructing its total shares to look appealing to investors, existing shareholders are dumping their holdings in Lasaco to protect their losses – this shows the...
Dangote Cement Plc Monday said it would next week commence the first phase of the plan to buy a portion of its ordinary shares back from...
AIICO Insurance Plc declared on Friday it would offer one bonus share for every five held by the company’s shareholders by November 30. “These shares will...
Wireless operator, MTN Nigeria Communications Plc said it would pay shareholders an interim dividend of N3.50 per share subject to deduction of withholding tax following the...
In a bid to ensure that unclaimed dividends are cleared, the Securities and Exchange Commission (SEC) at the weekend said there is no timeline yet for...
The board of directors of United Bank for Africa (UBA) Plc has recommended distribution of N29.1 billion to shareholders as cash dividend for the 2017 business...
Nigeria’s highest-priced stock-Nestle Nigeria Plc will distribute its entire net profit of N33.7 billion in 2017 as cash dividend to shareholders. The board of directors of...
Shareholders of Money Deposit Banks (MDBs) and discount houses in Nigeria expecting dividends for their investments have had their hopes dashed. The Central Bank of Nigeria...
Shareholders of Seven-Up Bottling Company Plc will today Thursday January 11, vote on a bid by Affelka SA, the foreign majority core investor in Seven-Up Bottling...
Lafarge Africa Plc has announced plans to raise N131.65 billion from existing shareholders through a rights issue. At the end of an extraordinary meeting by directors...
SHAREHOLDERS in the nation’s capital market have taken a swipe on the Financial Reporting Council of Nigeria, FRCN, over alleged waiver fees it places on Chief...
Embattled Uber CEO Travis Kalanick is stepping down after being put under heavy pressure from a large group of the company’s shareholders. Despite a reputation for...
Nigeria’s oldest surviving and largest conglomerate, UAC of Nigeria (UACN) Plc on Wednesday secured the crucial approval of its shareholders to raise N15.4 billion in new...
Shareholders of Lafarge Africa Plc on Wednesday approved a proposal to raise N140 billion in new capital for the cement group. The new capital raising will...
Lafarge Africa Plc plans to raise N140 billion from existing shareholders to deleverage its balance sheet and provide additional working capital. The board of directors of...
Shareholders of Unilever Nigeria Plc have approved the plan by the consumer goods company to raise N63 billion in new equity funds from the existing shareholders....
Union Bank of Nigeria (UBN) Plc plans to use part of the balance in its share premium account to write off about N248 billion deficit in...
Shareholders of Access Bank Plc have approved a total dividend payout of N18.8 billion for the 2016 business year. At the annual general meeting in Lagos,...
The board of directors of Zenith Bank International Plc has recommended distribution of a total of N63.4 billion to shareholders of Nigeria’s second most capitalised bank...
Shareholders of Guinness Nigeria Plc on Tuesday approved the plan by the company to raise N40 billion in new equity funds. At the extra-ordinary general meeting...
Shareholders of Guinness Nigeria Plc will today meet to discuss plan by the company to raise N40 billion in new equity funds. At the extra-ordinary general...
The board of directors of Guaranty Trust bank (GTB) Plc has recommended distribution of about N7.36 billion to shareholders as interim dividend for the first half...
Ecobank Transnational Incorporated (ETI) Plc, the holding company for the pan-African Ecobank Group, plans to cancel about 95 per cent or 17.4 billion ordinary shares of...
The board of directors of GlaxoSmithKline Consumer Nigeria (GSK Nigeria) Plc is proposing to pay a special dividend of N716 million to shareholders under the proposed...
