Archives for CAPITAL MARKET - Page 75
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…
Dangote Cement posts N140.5bn revenue in 2016 Q1
Dangote Cement has posted revenue to the tune of billion for the first quarter ended March 31, 2016, compared to the 2015 figure of billion. According the company's filing with…
Union Bank gives reasons for non-dividend payment for 2015
Union Bank plc has attributed its inability to reward shareholders for the 2015 financial year to negative retain earnings recorded by the bank in the last four years. Fielding questions…
Unforeseen circumstances mar stock market performance in 2014
Despite all predictions by market analysts that 2014 performance will greatly outweigh that of 2013, bottom-line of the nations stock market as at December, 2014 remained abysmally below expectation as…
