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March 13, 2023
Gains in Dangote Cement, MTN Boost Market Cap by N145bn – Thisday |
The stock market of the Nigerian Exchange Limited (NGX) last week extended its positive run for the third consecutive week, primarily driven by the gains in Dangote Cement Plc and MTN Nigeria Communications stocks. Thus, NGX All-Share Index notched a 0.48 per cent week-on-week (W-o-W) gain to close at 55,794.51 basis points as the market capitalisation appreciated by N145 billion W-o-W to close at N30.395 trillion…….. ……………..……..Read More |
Shareholders to get N762b dividends from Dangote Cement, 10 others – Guardian |
Dangote Cement Plc and 10 listed firms on the Nigerian Exchange (NGX) have declared a N762.121 billion dividend payout for the 2022 financial year.The 10 companies are MTN Nigeria Communication (MTNN), Geregu Power, Nigerian Breweries, United Capital, Lafarge Africa, BUA Cement, Nestle Nigeria, Dangote Sugar Refinery, Transcorp Hotel and NASCON Allied Industries (NASCON).. ….. …….. …………….……..Read More |
Economy loses N20tn on CBN’s 70% cash mop-up – Report – Punch |
Nigeria’s economy is grinding to a halt and has lost about N20tn following the over 70 per cent mop-up of cash by the Federal Government through the Central Bank of Nigeria, a new report by an economic think tank, Centre for the Promotion of Private Enterprise said on Sunday. It said the protracted acute cash scarcity had not only crippled economic activities across the country, but was now a major risk to the livelihoods of most Nigerians… ,…. ………………..……..Read More |
PAPSS will boost capital market diversification – SEC – Punch |
The Securities and Exchange Commission has said the implementation of its agreement with the Pan-African Payment Settlement System will encourage intra-African trade and aid diversification within the capital market. A statement by SEC on Sunday quoted the Head of the Office of the Chief Economist of SEC, Dr. Okey Umeano, as saying this in Abuja… . … …………….……..Read More |
MTN, Dangote Cement, 12 Others Pay Revenue Agencies N461.2bn Amid Multiple Taxations – Thisday |
Amid multiple taxations, the audited results released so far by 14 companies listed on the Nigerian Exchange Limited (NGX) revealed that MTN Nigeria Communication Plc, Dangote Cement and 12 others paid a total of N461.2 billion as tax in 2022 to the Federal Inland Revenue Service (FIRS), other tax authorities in Nigeria and African countries where they operate. ’…. … …………….……..Read More |