SEC DG woos Nigerian youth  with capital market investment opportunities

Mary Uduk, acting director general of the Securities and Exchange Commission, (SEC) is encouraging Nigerian youths to invest in the capital market instead of indulging in gambling. Uduk said there are various products and funds available in the market that would appeal to the youth populace in Nigeria, and encouraged them to take advantages of […]

Issuance of dividend warrants will stop by December- SEC

The Securities and Exchange Commission (SEC) has said the issuance of dividend warrants will be extended to 31st December 2019. According to the SEC, this will allow relevant stakeholders deliberate on and address all outstanding issues. The dividend warrant is a document that shows a shareholder of a company is entitled to a dividend from that company. […]

Dangote Cement releases 2018 financial results, proposes N16 dividend

Dangote Cement Plc has released its full year audited results for the year ended 31 December 2018,  recording a 91 percent increase in profitability and proposing a N16 dividend to investors. On the back drop of increased infrastructural development in a pre-election year, the company reported a revenue growth of 12 percent representing N901.2 billion […]

AfDB, ECOWAS sign US$22.7m agreement on 1,000km Abidjan-Lagos highway study

The African Development Bank (AfDB) and ECOWAS, have signed an agreement for a study into a 1,000 km highway that will link Cote d’Ivoire’s commercial capital Abidjan, to Lagos. The total financing for this study which has been put at US$22.7 million, comprises of AFDB approved $12.6 million dollars to finance part of the study; […]

Phillips Consulting moves to mitigate socio-economic impacts of cancer in Nigeria

In a bid to mitigate the socio-economic effects of cancer in Nigeria, Phillips Consulting Limited (PCL) is directing significant research capabilities towards supporting stakeholders in ensuring the effectiveness of cancer management through the effective project management of palliative programs and initiatives. The consulting firm’s managing consultant, Victor Mba made this known in a statement made […]

Expect currency devaluation in 2019 – Vetiva

Aanalysts at Vetiva Capital have hinted that the year 2019 could see the naira get devalued. In a monitored interview on CNBC, Ifedayo Olowoporoku, an analyst at Vetiva, said that in the year 2019, forex market pressures will persist, and could lead to the naira being slightly devalued towards the end of next year, forecasting […]

Nigeria’s equities market retreats, as ASI dips 0.82%

The first trading day of the week at Nigeria’s equities market ended on a negative note with depreciation recorded across all major sectors, dragging the All Share Index (ASI) 0.82 percent down as investors began taking profit. The consumer goods index declined the most, down 2.3 percent following sell pressures in Nestle (-4.1%), Nigerian Breweries […]