24
Apr
April 24, 2024
| Domestic Players Dominate Transactions at Equities Marker by 86.23% as Foreign Participation Wilts – Thisday |
| Domestic investors have continued to dominate transactions in the equities segment of the Nigerian Exchange Limited (NGX), contributing about 86.23 per cent in first quarter of 2024, as against 13.77 per cent contributed by foreign investors. In Q1 2023, domestic investors contributed about 89.87 per cent, while foreign investors contributed 10.13 per cent in Q1 2023………………………………………………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… .. …. . ……….. ………. …………. . ….. . … …………….……..Read More |
| Shareholders set agenda for new SEC leadership, seek end to legacy challenges – Guardian |
| Following the recent appointment of new management and board for the Securities and Exchange Commission (SEC), shareholders have stressed the need for the members to accelerate the development of the capital market by improving the response time to complaints and monitoring listed firms’ compliance with extant rules……………………………………………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… .. …. . ……….. ………. …………. . ….. . … …………….……..Read More |
| Berger Paints’ Shareholders to Earn N232 Million Dividend – Thisday |
| Despite the inclement operating environment in Nigeria, a leading manufacturer of coated paints and allied products, Berger Paints Nigeria Plc has proposed a dividend of 80 kobo per share for its shareholders for approval at its upcoming 64th Annual General Meeting (AGM), which will be held in Lagos. The dividend, which amounts to a total of N232 Million, up from N203 Million paid in 2022, will bring the final dividend for the review period to N1 per share. At the AGM… .,…. . . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| Oando promises to raise oil production, cash inflow – Punch |
| Oando Plc has promised to increase its oil production and cash inflows as the company steps up efforts to return back to profitability. The Group Chief Executive, Oando Plc, Wale Tinubu, said this while reacting to the release of its 2022 Annual Reports Consolidated and separate financial statements The results were filed seven months after the energy group released its audited results for the financial period ending December 31, 2021, on the Nigerian Exchange Limited.. . …… . . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| MRS Oil plans delisting from NGX – Punch |
| MRS Oil Plc has revealed plans to seek shareholders’ approval to delist from the Nigerian Exchange Limited. This plan was revealed in a notice of Extraordinary General Meeting filed with the exchange on Tuesday. The accompanying notes to the EGM notice said the Board of Directors of the company arrived at the plan having undergone a strategic reassessment of the company’s status, particularly considering regulatory obligations. , . …… . . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| Transcorp plans diversification of services to drive revenue growth – Vanguard |
| The Managing Director\Chief Executive Officer, Transcorp Hotels Plc, Dupe Olusola, said that the company plans on diversifying its services, among other strategies, to increase its revenue growth in 2024 and beyond. Olusola disclosed this during the company’s analysts presentation of its 2023 financial year report and investors call , noting that the organization plans to expand its digital landscape to improve its performance by enhancing the use of its digital platform Aura,. , . …… . . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |