Seplat Energy Plc Proposes Final Dividend Of $0.025 To Shareholders
In a notice filed with the Nigerian Exchange Limited (NGX), Seplat Energy Plc has announced the payment of final dividend of $0.025 kobo per ordinary share to its shareholders. The…
44 Stocks Drive Market Cap To N25.51Tn
The market capitalisation of equities listed on the Nigerian Exchange Limited appreciated slightly by 0.4 per cent to close at N25.51tn on Friday. The NGX All-Share Index also appreciated by…
NSE Sheds Sh92Bn In A Day As Russia Invades Ukraine
The market capitalisation closed at Sh2.453 trillion compared to Sh2.546 trillion on Wednesday, with Safaricom, East Africa Breweries Limited (EABL) and the big banks leading in shedding value in the…
NGX Loses N21 Billion As Investors Initiate Cautious-Trading
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 8 basis point. The NGX ASI closed at 47,207.27 points, to…
Market Records Slight Market Movement As Capitalization Increases By N7 Billion
The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 3 basis point. The NGX ASI closed at 47,246.90 points, to…
DMO: We’ll auction N150bn FG bonds to investors on Feb 16
The Debt Management Office says it will auction N150 billion federal government bonds to investors on February 16 2022. This agency announced this in a circular recently published on its…
Saudi Arabia Gives $80B Of Aramco Stocks To Sovereign Public Investment Fund
Saudi Arabia said it will transfer 4% of the stock in the state-run oil giant Aramco to its sovereign Public Investment Fund. The infusion is valued at nearly $80 billion.…
General Atlantic Makes First African Technology Investment
The pandemic has accelerated the use of telemedicine, virtual care and drug delivery, thus fuelling investor interest in the sector. Investment has also trickled down to Africa, with large checks…
French Startup Alma Raises €115M to fund Expansion Across Western Europe
French buy-now-pay-later platform Alma raised 115 million euros ($131 million) in equity funding as it seeks to speed up its expansion in Western Europe. Alma’s latest fundraising round also drew…
Prioritise interest of investors’ — SEC tells capital market operators
Director-general of the securities and exchange commission Amid Yuguda says there is a need for capital market operators to prioritise the interest of investors. Yuguda said this during a meeting…
PenCom: Over 48,000 contributors switched PFAs, transferred N172bn in 2021
The National Pension Commission says a total of 48, 543 contributors switched pension fund administrators (PFAs) in 2021, valued at about N171.7 billion. The commission said this in a bulletin…
Money Manager Takes Control Of Impact Investor ResponsAbility
M&G is acquiring a majority stake in impact investing firm responsAbility Investments, M&G said Thursday in a news release. Zurich-based responsAbility has $3.7 billion in assets under management. It focuses…
Nigeria: Otedola Nominates Three Directors For First Bank Board
Billionaire Femi Otedola has made new nomination into First Bank barely two months after he became the single largest shareholder of the oldest commercial bank in the country. The magazine…
FIRS To Tax Profits From Investments In Bonds, Securities
The Federal Inland Revenue Service (FIRS) has announced that it would tax profits accruing from investments in bonds and short-term government securities by companies which would now be categorised as…
Nigerian Stock Exchange Market Gains 1.04 Per Cent
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 104 basis points. The NGX ASI closed at 47,111.21 points, to…
Nigerian All Share Index Rose By 9% In January
The Nigerian All-Share Index posted a gain of 9.1% in the month of January, its best January return in about four years. Stocks have now posted positive returns in January…
MTN Record Oversubscription Of 139.47 Per cent In Share Sales
126,720 retail investors submitted valid applications and received full allotment as MTN Nigeria Communications Plc announced that its first public offer for sale of 575 million shares recorded an oversubscription…
Eiffel Partners With Finergreen For African Renewable Energy Deals
A new initiative will soon be launched in Africa to increase financing for renewable energy. It is a mechanism that will be set up by the Paris-based Eiffel Investment Group…
Goodwell Leads Returning And New Investors For Copia’s Series C
Goodwell Investments has led a $50m Series C equity round in Copia Global, a B2C e-commerce platform with a distribution solution to serve the rapidly growing 750 million middle and…
Airtel Africa Top Nigeria Stock Exchange Capitalised Company
Airtel Africa, a multinational telecommunications company, has surpassed Dangote Cement to become the most capitalised company listed on the Nigerian Exchange Limited (NGX). For the first time, Airtel Africa hit…
Europe’s Tech Stocks Set For Biggest Monthly Drop In More Than 13 Years
European technology stocks fell on Friday and was on track for its biggest monthly drop since the 2008 global financial crisis as investors sold growth stocks in January amid concerns…
Google To Invest $1 Billion In Airtel
Alphabet Inc’s Google will invest up to $1 billion in Bharti Airtel in a move that could help bolster the Indian telecom operator’s digital offerings, the companies said on Friday.…
S&P 500 Trading Session Ended Bearish
Wall Street had a relatively bearish trading session with the S&P 500 ending the trading session lower on Wednesday, taking an abrupt nosedive that reversed earlier solid gains. The reversal…
Mixed Trade In Asia Stocks
Asia markets traded mixed on Wednesday, after U.S. equities tumbled overnight in another volatile session as investors await the Fed meeting statement later stateside. Oil and gold prices also jumped…
Ethos And BluePeak Co-invest In Grit Real Estate Group
Ethos Mezzanine Partners and BluePeak Private Capital Fund have co-invested $31.5m in Grit Real Estate Income Group (Grit), a Pan–African real estate business headquartered in Mauritius. The investment enables Grit…
Non Fungible Token Marketplace “OpenSea” Lose Coin To Hackers
The world’s largest Non Fungible Token marketplace, OpenSea, has reportedly lost 332 Etherium to hackers on Monday. This amounts to $2,350 per Ether and $780,000, based on the current market…
Adiwale takes minority stake in West Africa drilling services company
Adiwale Partners, a private equity firm focused on Francophone West Africa, picked up a minority stake in Maintenance Climatisation Technique in its maiden deal. Adiwale Fund I’s investment will accelerate…
QED Investors Hires Two Investment Professionals To Boost Africa Plans
QED an investment firm based in Alexandra, Virginia in the United States of America announced that it has recruited two Nigerians, Gbenga Ajayi as Partner in charge of African investments…
Nigeria Stock Exchange Investors Gain N840bn In A Week
Investors in the Nigerian stock market saw the worth of their shares rise by N840bn last week as 47 firms recorded price appreciation. The All-Share Index of the Nigerian Exchange…
IMF set to launch $50bn lifeline for Nigeria, others
The International Monetary Fund is set to launch a $50bn trust fund for low-income and vulnerable middle-income countries. The initiative is to help them build resilience to balance off payments…