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Nigerian Stock Exchange

Firm cautions Nigerian government over sale of national assets

Agusto Consulting has cautioned the federal government over its plan to relinquish national assets to private hands, saying, the risk involved is unquantifiable.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX Group to launch stock market campaign

The Nigerian Exchange Group (NGX Group) Plc is set to launch a campaign to project its new positioning and commitment to the African financial markets.
Nigeria’s renowned musicians, Innocent ‘2Baba’ Idibia and Chike, ‘boo of the booless’ crooner, are to perform at the launch of the Nigerian Exchange Group (NGX Group) Plc’s campaign.

2Baba, Chike to perform at NGX Group’s launch

Nigeria’s renowned musicians, Innocent ‘2Baba’ Idibia and Chike, ‘boo of the booless’ crooner, are to perform at the launch of the Nigerian Exchange Group (NGX Group) Plc’s campaign.
Access Bank Plc has urged its customers and the general public to disregard social media report of its shutting 340 branches nationwide.

Grobank formally becomes Access Bank South Africa

Following the completion of all regulatory procedures, Grobank Limited has been officially renamed Access Bank South Africa Limited. The deal was finalised after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX records N419 billion growth in April

The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies.
Nigeria Naira

11 Nigerian banks pay N308.2 billion dividends to shareholders

A total of 11 listed banks have declared a cumulative N308.206 billion dividends to their numerous shareholders in their respective 2020 financial year, in a move to give these investors good returns on investment, according to a report.
A Zenith Bank logo is seen on a sign on top of the bank in Freetown, Sierra Leone August 19, 2017. REUTERS-Afolabi Sotunde

Zenith Bank pumps N11.3 trillion loans into economy in five years

Leading Tier-1 deposit money bank (DMB), Zenith Bank Plc granted expansive facilities in loans and advances totaling N11.3 trillion in the past five years: 2016-2020, data from its annual reports has revealed.

Abuja chamber seeks presidential commission on cryptocurrency policy

The Abuja Chamber of Commerce and Industry (ACCI) has called on the Federal Government to immediately set up a Presidential Commission on Cryptocurrency in view of recent developments in the digital and Cryptocurrency space in Nigeria and internationally.

SEC: Capital market operators get deadline to renew licences

The Securities and Exchange Commission, SEC, has given Capital Market Operators, CMO, April 30, 2021, as deadline to renew their operation licences.
Debt Management Office (DMO)

DMO lists N150 billion Nigerian government bonds for auction

The Debt Management Office (DMO) announced the auctioning of three federal government bonds of N150 billion at N1,000 per unit.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian Exchange launches new corporate identity

Nigerian Exchange Group (NGX Group) Plc, a leading integrated market infrastructure in Africa, has launched of its new corporate brand identity and website today, 13 April 2021.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

44 companies to face NSE’s sanctions over default filing

A total of 44 companies quoted on the Nigerian Stock Exchange, NSE, may face sanctions from the Exchange for failing the timeline in rendition of 2020 audited financial results.
The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, on Monday restated the exchange’s commitment to the implementation of various initiatives aimed at promoting gender diversity and empowering women.

Oscar Onyema completes tenure as NSE chief

The Nigerian Stock Exchange says Oscar Onyema has completed his tenure as its chief executive officer after spending 10 years in the saddle.

Mastercard buys $100 million stake in Airtel Africa’s mobile money

Mastercard has sealed a pact with wireless operator Airtel Africa that will see it procure a minority interest in the telco’s mobile money division, Airtel Mobile Commerce BV (AMC BV).

SEC cautions potential investors against ‘high returns’ fraud schemes

The Securities and Exchange Commission (SEC) has cautioned potential capital market investors against putting their monies in fraud schemes that promise unwarranted high returns.

Ekiti reduces stake in Wema Bank

Ekiti State, one of the shareholders of Wema Bank Plc, has reduced its stake in the bank by 666.670 million from 1.191 billion shares. Ekiti, Oyo, Ogun, and Osun States are shareholders in Wema Bank. While Oyo, Osun, and Ogun held 666.670 million or 1.73 per cent each, Ekiti held 1.191 billion or 3.09 per cent as at December 31, 2019.

Dangote Cement records higher volumes, operating efficiency

The company, in its audited results for 2020 released on the Nigerian Stock Exchange (NSE), reported a 37.7 per cent year-on-year (YoY) growth in profit after tax to N276.1 billion. Earnings were notably bolstered by stellar revenue growth, improved operating efficiency and lowered net finance expense.

Dangote: We will continue to come up with strategies to boost business opportunity in...

Dangote Industries Limited has expressed its determination to always come out with strategies that will boost business opportunities in Nigeria.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Monetary policy, corporate results spur equity performance

The stock market swung back into positive territory yesterday following the retention of the Monetary Policy Rate, MPR, at 11.5 per cent by the Central Bank of Nigeria, CBN, in its second Monetary Policy Committee, MPC, meeting of the year.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Expert: NSE listing on exchange will boost economy

The authorization for the Nigeria Stock Exchange (NSE) to list at the Exchange will deepen the market and boost the economy, Mr. Boniface Okezie, a Capital Market Operator, says.

Dangote Cement announces N273 billion dividend for shareholders

Nigeria’s biggest public company Dangote Cement Plc said it would pay shareholders N16 for every share held in the company for the 2020 financial year, translating to a total dividend payout of N272.648 billion, a note published by the Nigerian Stock Exchange (NSE) on Friday.
Debt Management Office (DMO)

DMO raises N362.5 billion through Sukuk initiative

The Debt Management Office (DMO) has listed its third Sovereign Sukuk “N162.557 BILLION 7-YEAR 11.200% AL IJARAH SOVEREIGN SUKUK DUE 2027” on The Nigerian Stock Exchange and the FMDQ Securities Exchange.

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Fire guts INEC headquarters in Enugu

The Independent National Electoral Commission (INEC) headquarters in Enugu was on Sunday night gutted by fire barely one week after the office in Obollo-Afor, Udenu was razed.
Sheikh Ahmad Gumi says the easiest and safest way to end insecurity in the north is to negotiate peace with the bandits that have turned the region into a killing field.

Sheikh Gumi: Many Boko Haram commanders willing to surrender

Kaduna-based Islamic cleric, Sheikh Ahmad Gumi, has revealed that several Boko Haram commanders are willing to surrender and urged the federal government to use proper engagement to negotiate with the group.
Paris St Germain clung on to their hopes of winning a fourth consecutive Ligue 1 title with a 4-0 home win against 10-man Stade de Reims as Lille’s lead was cut to a single point with one game remaining on Sunday.

Ligue 1: PSG cling on to title hopes as leaders Lille held

Paris St Germain clung on to their hopes of winning a fourth consecutive Ligue 1 title with a 4-0 home win against 10-man Stade de Reims as Lille’s lead was cut to a single point with one game remaining on Sunday.

Edwin Clark cautions against agitation for Nigeria’s break-up

An elder statesman and former Minister of Information, Chief Edwin Clark, has cautioned against calls for secession in some parts of the country.
President Muhammadu Buhari has arrived in Paris for the Financing Africa Summit.

President Buhari arrives Paris for Financing Africa Summit

According to Buhari’s spokesperson, Garba Shehu, the summit will draw major stakeholders in the global finance institutions and some Heads of Government, who will, collectively, discuss external funding and debt treatment for Africa, and private sector reforms.

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Yoruba nation: Security operatives seal off Osogbo rally venue

There was a heavy presence of police, men of Nigeria Security and Civil Defence Corps, at Nelson Mandela Freedom Park, Osogbo, the venue of the Yoruba Nation Mega Rally on Saturday.
Mrs Monica Ugwuanyi’s Ugo-Touch of Life Foundation (U-TOLF) that donated to the ENS–PHCDA large quantities of multivitamins, de-worming drugs, other drugs and medical consumables for the ongoing programmes.

Enugu first lady calls for prayers over nation’s security challenges

The wife of Enugu State Governor, Mrs. Monica Ugochi Ugwuanyi has called on women to pray fervently for God’s intervention in the security and economic challenges confronting the nation.
Nigeria Customs Service (NCS) has listed some communities inKwara and Niger as notorious for smuggling activities over the years.

Four killed in customs clash with ‘smugglers’ in Oyo

Four people have been killed in a crossfire between the Nigeria Customs Service operatives and unknown gunmen suspected to be smugglers in Iseyin.
Hope Uzodinma

Eid-el-Fitr: Imo governor urges Muslims to spare some time for the needy

The Imo state governor, Hope Uzodinma, yesterday asked Muslims in the country to use the opportunity of the celebration of Eid-el-Fitr, to assist the needy in society.

Court sets aside conviction of companies ‘linked’ to Patience Jonathan

The Lagos Division of the Court of Appeal yesterday set aside the conviction of four companies allegedly connected with the former first lady, Patience Jonathan.