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Exchange lifts suspension on Goldlink Insurance

Exchange lifts suspension on Goldlink Insurance

•Firm posts N149m loss The Nigerian Stock Exchange (NSE) has lifted suspension on trading in Goldlink Insurance Plc shares, after the insurance firm submitted its relevant financial statements to the Exchange. The NSE had on July 5, 2017 suspended trading in Goldlink Insurance shares and other companies for failing to adhere to best corporate governance […] …

Nigerian Breweries to pay N19.4b net profit to shareholders

Nigerian Breweries to pay N19.4b net profit to shareholders

The board of directors of Nigerian Breweries Plc has recommended payment of the entire net profit of N19.4 billion recorded in 2018 as cash dividend to shareholders for the business year, despite the decline in the company’s performance. Shareholders will receive final dividend of N14.6 billion in addition to N4.8 billion earlier paid by the […] …

N89.2b rights issue: Lafarge Africa seeks approval for allotment

N89.2b rights issue: Lafarge Africa seeks approval for allotment

Lafarge Africa Plc is seeking Securities and Exchange Commission’s (SEC’s) approval for the adoption of allotment results for its recent N89.2 billion rights issue. Its board of directors last weekend approved the proposed allotment for the rights issue, authorising the joint issuing houses to file the proposed allotment for clearance by SEC. Acceptance list for […] …

ELECTION HICCUP: Investors lose N195bn in one day

The stock market yesterday recorded its highest loss in a day as the benchmark index, Nigerian Stock Exchange, NSE All Share Index,    ASI, fell by -1.61 percent to close at 32,190.07 points following the uncertainties surrounding the postponement of Nigeria’s general election by the Independent National Electoral Commission, INEC, last weekend.
Continue reading ELECTION HICCUP: Investors lose N195bn in one day at Vanguard News Nigeria. …

Govt, stockbrokers to join hands for economic growth

Govt, stockbrokers to join hands for economic growth

The Federal Government and stockbrokers have reiterated their commitment to work towards the development of the economy. At an interactive session in Lagos, key members of the government’s Economic Management Team and capital market operators agreed on the importance of the capital market in national economic growth and development. Representative of the Vice President and […] …

Good times return at Lafarge

Good times return at Lafarge

Lafarge Africa Plc has re-turned to the path of profitable growth as the cement group started to reap the benefit of a new strategic plan aimed at improving operating efficiencies and connection with the market. Chief Executive Officer, Lafarge Africa Plc, Mr. Michel Puchercos, who spoke during awards for the company’s customers in Gombe, said […] …

Investors up stakes as equities sustain rally

Investors up stakes as equities sustain rally

The momentum of activities at the Nigerian stock market increased considerably yesterday as quoted equities sustained a third consecutive day of price appreciation. Turnover volume and value rose by 88.3 per cent and 65 per cent respectively, underlining the bargain-hunting that had marked transactions in recent days. Benchmark price indices indicated average gain of 0.16 […] …

NSE strengthens management with top appointments

NSE strengthens management with top appointments

The Nigerian Stock Exchange (NSE) has announced the appointment of Mr. Jude Chiemeka and Mr. Olumide Bolumole to its executive management team. Bolumole joins NSE as Divisional Head, Listing Business while Chiemeka joins as Divisional Head, Trading Business. Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, said the Exchange was excited to have […] …

Sterling Bank’s Specta extends five-minute loan to non-salary earners

Sterling Bank’s Specta extends five-minute loan to non-salary earners

•Targets N40b loans for 50,000 customers Sterling Bank Plc’s innovative online lending platform, Specta, has extended its celebrated fast and immediate loan scheme to people who are engaged in personal businesses. The extension of the platform, which started with salary earners, to non-salary earners followed the huge success recorded by the platform in its first […] …

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