Unity Bank posts N33.9 billion earnings in nine months

Posted by - November 25, 2020

Unity Bank Plc has said that it recorded gross earnings of N33.906 billion for the nine months’ period ended September 30, 2020. The bank also recorded a 44% growth in total assets during the period. A review of the unaudited results released to the Nigerian Stock Exchange showed that the gross earnings of N33.906 billion

FBN Holdings increases Profit in H1 by 56%

Posted by - July 31, 2020

The leading financial services conglomerates, FBN Holdings Plc says its profit after tax rose by 56.3 per cent to N49.5 billion year-on-year in the first half of 2020 from N31.6 billion in the corresponding period of 2019. According to its results filed with the Nigerian Stock Exchange, the bank’s gross earnings stood at N296.4 billion

BUA Cement increases profit in Q1 by 25% to N20 billion

Posted by - June 9, 2020

One of Africa’s largest infrastructure companies in Nigeria, BUA Cement Plc, has released its unaudited financial statements for the period ended 31 March, 2020, showing a 25.1 per cent increase in its revenue to N54 billion compared to N43.1 billion reported in the first quarter of 2019. According to a statement by the Nigerian Stock

Verod Capital declares plan to buy Law Union & Rock Insurance

Posted by - March 2, 2020

A Nigerian-based Investment firm plans to acquire 100% of a local Nigerian Insurance company quoted on the Nigerian Stock Exchange, Law Union & Rock Insurance Plc. The announcement was made at the official signing ceremony of a Transaction Implementation Agreement (TIA) between Verod Capital Management Limited and the majority shareholders of Law Union & Rock

International Breweries appoints Hugo Dias Rocha as its new Managing Director

Posted by - December 12, 2019

International Breweries Plc has announced the resignation of two of its directors – the Managing Director, Annabelle Degroot and the Finance Director, Zuber Momoniat. Effective 31st December 2019. According to the statement sent to the Nigerian Stock Exchange and signed by the Company Secretary/General Counsel, Muyiwa Ayojimi, he said that Degroot is said to be

Niger Insurance to Raise N15 billion as recapitalisation deadline is near

Posted by - November 26, 2019

The shareholders of Niger Insurance Plc have given their approval to a proposed plan by the company’s board to raise additional capital to the tune of N15 billion. This comes as the June 2020 deadline which requires general and life insurance companies to increase their paid-up minimum share capital to N10 billion and N8 billion

Stock market Rise as it Gains N47.4 billion

Posted by - November 25, 2019

As part of recording increase in growth in the stock market, Nigerian Stock Exchange market capitalization has returned to N13 trillion recently when the indicator increased from N12.98 trillion to N13.03 trillion, indicating N47.4 billion gain of recent. The All share index grew by 0.44% to close at 26,991.42. Explaining the growth, Okomu Oil Palm

Nigerian Stock Exchange Lists Union Bank’s N30bn 10-year Bond

Posted by - October 21, 2019

The Nigerian Stock Exchange (NSE) recently listed the Union Bank of Nigeria Plc’s N30 billion 10-Year, 16.2 per cent Subordinated Unsecured Fixed Rate Series 3 Bonds Due 2029. The bond was issued by the financial institution under its N100 billion debt issuance programme and its listing will create liquidity for holders who want to trade

CAP Plc Appoints Ayomipo Wey as Company Secretary and Legal Adviser

Posted by - September 10, 2019

The appointment of Ayomipo Wey as Company Secretary and Legal Adviser has been announced by the, Nigerian Stock Exchange (NSE), its shareholders and other stakeholders that are in the Board of Directors of Chemical and Allied Products Plc (CAP PLC). Consequently, as the Company Secretary/Legal Adviser of CAP PLC, Miss Wey will guide and advise

U.S Banking Giant, JP Morgan, Partners NSE On Derivatives

Posted by - August 22, 2019

The Nigerian Stock Exchange recently said its alliance with JP Morgan Chase to facilitate in-depth capacity building programme on the derivatives market. JP Morgan Chase & Co. is a leading global financial services firm and one of the largest banking institutions in the United States, with operations worldwide. Hence the firm was one of the