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March 3, 2023
Gains in Geregu, Airtel Africa others lift capitalisation by N88 billion – Guardian |
| Despite price losses that outweighed gains, the bulls resurfaced on the equities sector of the Nigerian Exchange Limited (NGX), yesterday, as gains in Geregu, Airtel Africa, others lifted market capitalisation by N88 billion.. ……………..……..Read More |
Unify exchange rate to encourage foreign investors’ participation in capital market – CIS to Tinubu. – Nairametrics |
| The chartered Institute of Stockbrokers (CIS) has called on the incoming administration of President-elect Senator Bola Ahmed Tinubu to address thr issue of the exchange rate of the Naira to help ginger more international investors’ participation in the local bourse… …….. …………….……..Read More |
NGX Group Earned N7.5bn In 2022 – Dailytrust |
| The Nigerian Exchange Group (NGX) has announced a 10.3 per cent growth in gross earnings in its audited financial report for the year ended in the top-line double-digit growth was as a result of the persistent growth in revenue of 82.3 per cent in gross earnings and a 30.1 per cent increase in other income.. …………………..……..Read More |
United Capital grosses N26.90 billion in 2022, declares N1.50 dividend – Guardian |
| United Capital Plc has posted improved financials for the year ended December 31, 2022. A breakdown showed that the company’s gross earnings rose by 49 per cent year-on-year to N26.90 billion, while profit before tax (PBT) appreciated by 13 per cent year-on-year to N13.50 billion… ………………..……..Read More |
Transcorp Hotels Plc delivers exceptional growth with outstanding performance achieving – 172% PBT growth and N31.4bn revenue – Nairametrics |
| Transcorp Hotels Plc (NGX: TRANSCOHOT), a leading hospitality brand, has reported its financial results for the full year 2022. The Group reported a profit before tax (PBT) of N4.5billion, a 172 percent increase year – on – year, having ended with a PBT of N1.7billion. Transcorp Hotels Plc also reported a 47 percent growth in revenue in revenue to N31.4 in 2022 from N21.4billion the previous year. The Group also reported an N2.6billion profit after tax… …………….……..Read More |
Vitafoam Shareholders Get N1.9bn Dividend – Dailytrust |
| Vitafoam Nigeria PLC, has rewarded its shareholders with a dividend payout of N1.9 Billion, translating into N1.52 per ordinary share of 50 kobo each for the 2022 financial year. This is just as the firm announced the retirement of its Chairman, Dr Bamidele Makanjuola after serving for 10 years…….. …………….……..Read More |