CAPITAL MARKET

Nigerian Exchange Limited (NGX) has urged International Breweries Plc to sustain its commitment to high standards of corporate governance, social impact and shareholder value creation. Mr Jude Chiemeka, Divisional Head, Capital Markets, NGX, commended the management of Int. Brew. for leveraging the Facts Behind the Figures platform of the Exchange...

Shareholders of nation’s total energy provider Conoil Plc, at the weekend, unanimously approved the proposed final dividend payout of N1.734 billion, which translates to N2.50 per share, for the 2021 financial year. The dividend payment ratified at the company’s 52nd Annual General Meeting held in Lagos, represents an increase of...

Investors on equities on the Nigerian Exchange Limited (NGX) on Thursday recorded a loss of N127.1 billion in the day trading transaction, halting the bullish streak of the better part of the week. The market All-Share Index declined by 0.5 per cent to 44,625.18 basis points, leaving the Month-to-Date loss...

    The National Pension Commission (PENCOM) and the Federal Competition and Consumer Protection Commission (FCCPC) have approved the proposed acquisition by First Guarantee Pension Limited (FGPL) and First Ally Asset Management Limited of the entire issued shares of Actis Golf Nigeria Limited (AGNL), owner of Sigma Pension. This is...

Union Bank of Nigeria Plc has notified its shareholders and the Nigerian Exchange Limited that it has received a Mandatory Takeover Offer (MTO) from Titan Trust Bank Limited. A corporate disclosure by Union Bank, explained that the mandatory takeover offer is for Titan Trust to take over ownership of 1,927,532,558...

  The Securities and Exchange Commission (SEC) has commended the Nigerian Exchange (NGX) and NGX RegCo for their efforts towards fostering sustainability and investor resilience in the Nigerian capital market. The Director-General of SEC, Mr Lamido Yuguda, who was represented by the Executive Commissioner, Operations of the Commission, Mr Dayo...

  The NGX All-Share Index and Market Capitalization depreciated by 6.67 per cent to close the week at 44,396.73 and N24.182 trillion respectively. Similarly, all other indices finished lower with the exception of NGX CG, NGX Banking, NGX Pension, NGX AFR Bank, NGX AFR Div Yield, NGX MERI Growth, NGX...

C &I Leasing Plc has reiterated plans to embark on a business expansion drive in the near future to increase market share and ensure enhanced returns to shareholders. The C&I Leasing Group Managing Director/Chief Executive Officer, Mr Lenin Ugoji, stated this at the company’s 31st Annual General Meeting for the...

Polaris Bank has announced that it has been notified of the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank (‘Polaris’ or ‘the Bank’) by Strategic Capital Investment Limited (‘SCIL’). As part of the change in ownership, SCIL has appointed a...

  Polaris Bank now has a new owner as the Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 per cent of the equity in the deposit money bank by Strategic...