Archives for CAPITAL MARKET - Page 70
Standard Alliance pays N2.1 bn claims in 2015, Posts N5.4 bn Gross Premium
Standard Alliance Insurance group said it has settled claims worth billions for the financial year ended 31st December, 2015, saying million was paid as claims under its non-life wing, while…
Dangote Flour PBT records N2.6 bn in half year
Dangote Flour Mills has a profit before tax (PBT) of billion in the half year ended June 30, 2016, compared to a loss of billion posted at the corresponding period…
Investors can now pay dividend warrant to savings account …SEC
Following directive by the Central Bank of Nigeria (CBN) instructing banks to allow customers with BVN to deposit cheques into their savings account, the Securities and Exchange Commission (SEC) has…
Wema Bank profitability soars by 10 per cent
Wema Bank Plc’s has made an improved outing in its unaudited results for the six-month ended June 30th, 2016 as it posted a 10 per cent surge in its profitability.…
Lafarge Africa Half-year Profit dips N30bn
Lafarge Africa Plc, a leading cement and building solutions provider, has record loss to the tune of billion for the half year ended June 30, 2016 against a profit after…
NSE collaborates with Dangote Cement on price information scheme
The Nigerian Stock Exchange (NSE) has entered into a contract to provide Dangote Cement Plc its Issuers Share Price Information service. The Issuers Share Price Information is an offering that…
Oando Highlights Route To Profitability
Oando PLC, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced a billion profit in Q1, 2016 which buoyed investors and rallied the…
SEC moves to raise investor participation
The Securities and Exchange Commission (SEC), in a bid to deepen the nation's capital market, says it has resolved to raise the participation of retail investors in the market. This…
Oando reduces debt by 39.4 per cent in 2016 Q1
Oando Plc, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange has disclosed that its debt profile has been substantially reduced from over N500 billion…
Borrowed Funds to Be Used to Finance Capital Projects – DMO
The Director General of Debt Management Office (DMO) Dr. Abraham Nwankwo has restated the Federal Government’s commitment that all money to be borrowed to finance the 2016 budget will be…