Nigerian Market News

• Dangote Cement proposes final dividend of N16 per share February 26, 2020
  Dangote Cement Plc has proposed final dividend of N16 per share for the period ended December 31, 2019. The full year revenue of the largest cement maker came in lower in 2019 at N891.671billion against N901.213billion in 2018, representing a decline of 1.06percent. Profit before tax (PBT) of N250.479billion in 2019 as against N300.806billion in […]
• NSE ASI plunge intensifies as stock market suffers further loss February 26, 2020
  Nigeria’s stock market rout continued on Wednesday February 26, pushing the All Share Index (ASI) lower by 0.22percent and year-to-date (Ytd) return down to +0.49percent. A combination of factors –the impact of coronavirus which continues to shake the global market and not too impressive corporate scorecards at the local bourse – spooked investors and caused […]
• Nigeria’s equities market closes in red as sell pressure persists February 26, 2020
  Nigeria’s equities market closed negative on Tuesday February 25 as investors continued to sell stocks. Trading session on the 9th floor of the Exchange was dominated by relatively calm mood as dealers priced in fragile macroeconomic environment as well as fears of slowing global economy. Only 8 stocks gained as against 21 losers. As a […]
• SEC to hold international commodities conference   February 26, 2020
  In a bid to further deepen the capital market and have a vibrant commodities exchange, the Securities and Exchange Commission (SEC) is set to host an international conference on the Nigeria commodities market The conference with the theme, “Commodities Trading Ecosystem: Key to Diversifying Nigeria’s Economy” is scheduled for March 16 and 17, 2020 in […]
• Neimeth records impressive performance February 26, 2020
  Neimeth International Pharmaceuticals Plc is riding on the strength of operating and finance efficiency to grow its bottom-line as the leading pharmaceutical company continues to improve its market share in the highly competitive healthcare sector. Full-year audited report and accounts for the 2018/2019 business year and the first quarter results for the current financial year […]
• Uduk, Onyema, Koko others conferred ICMR honorary fellowship awards February 25, 2020
  The acting director-general of the Securities and Exchange Commission (SEC), Mary Uduk; and the chief executive officer, Nigerian Stock Exchange (NSE), Oscar Onyema, were among recipients of the honorary fellowship awards by the Institute of Capital Market Registrars (ICMR). Bola Onadele. Koko, chief executive officer, FMDQ OTC Securities; Daisy Ekineh, one time acting, SEC and […]
• Nigeria stock market defies analysts’ sentiment February 24, 2020
  Nigeria’s stock market started this week on a negative note, thereby defying some analysts’ earlier sentiment in favour of bargain hunting. The market decreased by 1.27percent at the sound of trade closing gong on Custom Street, Lagos. Following four weeks of consecutive losses, Afrinvest research analysts expected to see some bargain hunting in early trades […]
• C&I Leasing plc: Reaping fruits of a growing leasing market February 24, 2020
  The Nigerian leasing industry has come of age as it continues to provide succor to many organizations across all sectors in the economy. The industry has achieved consistent double-digit growth rate over the years, buoyed by market opportunities, and lease awareness among corporates. A report released by the Equipment Leasing Association of Nigeria, ELAN in […]
• Avuru increases his equity interest in Platform Petroleum to 37.11% February 24, 2020
  Austin Avuru, CEO, Seplat Petroleum Development Company Plc has now increased his equity interest in Platform Petroleum from 23percent to 37.11percent interest. Platform Petroleum Limited is an indigenous oil and gas company that is into exploration and production of crude oil and gas. It is the current operator of the Egbaoma field joint venture with […]
• Foreign revenue grows by 17% as Zenith Bank declares N78bn dividend for shareholders February 23, 2020
  Shareholders of Zenith Bank Plc will earn N78 billion or N2.50 per share as the final dividend for the year ended December 31, 2019, the Nigerian lender has announced. Subject to approval and the appropriate withholding tax, the final dividend will be paid electronically on March 16, 2020. Earlier, the bank had paid N0.30 per […]