United Capital declares dividend of 35 kobo per share

United Capital declares dividend of 35 kobo per share

By Tunde Osho United Capital Plc has announced its audited 2017 full year financial results, revealing a turnover of N8.9 billion and profit before tax of N5.5 billion, for the year ended December 31, 2017. The giant African investment banking group delivered an annualized Earnings Per Share of 73Kobo and declared a dividend of 35 Kobo […]

DMO to raise N385b bonds in Q1 of 2018

DMO to raise N385b bonds in Q1 of 2018

By Tunde Osho The Debt Management Office, DMO, has announced plans to raise between N315billion to N385billion from the federal bonds issuance in the first quarter of 2018. This was disclosed in the FGN Bond Issuance Calendar for the first quarter of 2018 in a statement. The calendar shows that the DMO plans to raise between […]

Diageo to trademark ‘Jane Walker’

By Tunde Osho Diageo is keeping mum on reports that it is planning to unveil a new Scotch whisky under the ‘Jane Walker’ name. According to a report by US celebrity news site TMZ, the Johnnie Walker maker “filed paperwork in early January to trademark the name Jane Walker for alcoholic beverages except beer.” A spokesperson for […]

Investors On Nigerian Bourse Lose N660.36bn In Nov Bear Market

Investors On Nigerian Bourse Lose N660.36bn In Nov Bear Market

Despite last minute window dressing on the Nigerian Stock Exchange (NSE), Wednesday, equity investors would likely rank the month of November as one in which the value of their investment suffered perhaps the deepest cut in recent times. Market capitalisation, which measures the total value of all companies whose shares are traded on the exchange, […]

Investors On Nigerian Bourse Lose N660.36bn In Nov Bear Market

Investors On Nigerian Bourse Lose N660.36bn In Nov Bear Market

Despite last minute window dressing on the Nigerian Stock Exchange (NSE), Wednesday, equity investors would likely rank the month of November as one in which the value of their investment suffered perhaps the deepest cut in recent times. Market capitalisation, which measures the total value of all companies whose shares are traded on the exchange, […]

NSE Capitalisation Sheds N57bn In Friday’s Bear Trading

NSE Capitalisation Sheds N57bn In Friday’s Bear Trading

The basic indicators of the Nigerian Stock Exchange (NSE) closed red once more on Friday, further making a mockery of Wednesday’s weak gain to end the week negative, like previous once in recent times as investors continue to count their losses at a time when it has become clearer that many stocks would have nothing […]

SEC, NERDC To Partner On Introduction Of Capital Market Studies

SEC, NERDC To Partner On Introduction Of Capital Market Studies

The Securities and Exchange Commission (SEC) at the weekend in Abuja achieved another milestone in line with its 10-year Capital Market Master Plan (CMMP) when it signed a Memorandum of Understanding (MoU)  with the Nigerian Educational Research and Development Council (NERDC) to infuse capital market studies (CMS) into schools curricula at all levels of education. […]

NSE Investors Lose N178.22bn In Three Days

NSE Investors Lose N178.22bn In Three Days

The bear market continued deeper into the seventh straight week, losing all of N178.228 billion in three consecutive days, during which the benchmark All Share Index lost 517.74 basis points or 1.97%. At the close of Wednesday’s trading session, market capitalisation or investors’ wealth fell by N70.197 billion or 0.78%, just as the index shed […]

Inflation Rises To 18.3% In October

Inflation Rises To 18.3% In October

The National Bureau of Statistics (NBS), on Monday published its Consumer Price Index indicating that inflation rose by 18.3% in October, up by 0.48% from previous month’s 17.9%. According to the report‎, in the period under review, “the highest increases were seen in housing, water, electricity, gas and other fuels   as well as, fuels […]

Rivers Vigilante Group Arrests Suspected Thieves

Rivers Vigilante Group Arrests Suspected Thieves

Paul Obiajunwo, Port Harcourt  Diobu Vigilante Volunteer Group (DVVG) in Rivers State have arrested two out of four  suspected thieve, Musa Yahuza and Afgha Sadi who specialised in stealing tricycle popularly called keke in Port Harcourt. Two members of the gang who was said to have been familiar with the terrain escaped arrest. The suspects, […]

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