28
Jul
July 28, 2023
| Selloff in NB, 37 other stocks drags capitalisation by N111 billion – Guardian |
| Transactions on the equities sector of the Nigerian Exchange Limited (NGX) continued on a downturn, yesterday, as selloff in Nigerian Breweries, Cadbury and others dragged market capitalisation by N111 billion. At the close of transaction, the all-share index shed by 204.25 per cent, representing a loss of 0.31 per cent, to close at 65,482.91 points. Similarly, the overall market capitalisation value lost N111 billion to close at N35.635 trillion……………. .. …… .. …. . ……….. ………. …………. . ….. . … …………….……..Read More |
Airtel loses $151m to foreign exchange rates harmonisation – Punch |
| Airtel Africa Plc, on Thursday, reported that it lost $151m due to the harmonisation of foreign exchange rates in Nigeria. It disclosed this in its second quarter report filed with the Nigerian Exchange Limited. The telecom company said, “Profit after tax was negative ($151m), driven largely by a foreign exchange loss of $471m recorded in finance cost.. …………….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Inflation, others push Ecobank’s operating expenses to $563m – Punch |
| The group operating expenses of Ecobank Transnational Incorporated rose to $563m in the first half of 2023, representing an 11 percent increase when compared to figures recorded during the same period in 2022. The bank disclosed this in its half-year financial report released on ThursdayEcobank said its “group operating expenses for the first half of 2023 was $563m, increasing by 11 percent or 27 percent at constant currency.. …,….. ………. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Shareholders get N208m dividend from gas producer – Punch |
| The shareholders of Industrial and Medical Gases Nigeria Plc, have been rewarded with N208m as dividend for the 2022 financial year, as the management of the firm moves to reduce its costs and optimise production. A statement from the firm stated that the cash dividend of N208m for the 2022 financial year… … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Jaiz Bank grows profit by 68 per cent – The Nation |
| Despite a challenging operating environment in 2022, Jaiz Bank PLC has recorded growth in key financial indicators. At its 11th Annual General Meeting (AGM) held in Kano yesterday, the bank reported a 29 percent increase in revenue on an annual basis, as well as a significant 33 percent rise in income, which is the highest in many years…. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
NGX Group declares interim dividend payment – Dailytrust |
| Following the emergency meeting of the Board of Directors on Tuesday, Nigerian Exchange Group Plc yesterday announced an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to shareholders for the first half of the financial year 2023. This dividend, which is the first since the demutualisation of the Nigerian Stock Exchange will be paid to shareholders whose names appear in the Shareholders’ Register as of close of business Monday, 31 July 2023… … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |