Guaranty Trust Bank Plc has proposed an interim dividend of 30 kobo per share, which translates to N8.8bn, for the first half of the year. In its half-year financial statement, which was made available to the Nigerian and London Stock Exchanges on Friday, the bank reported a 3.72 per cent growth in profit after tax, […]
Zenith Bank declares N9.42b interim dividend
The board of Zenith Bank International Plc yesterday said it would be distributing N9.42 billion to shareholders as interim dividend as the bank sustained steady growths across key performance indices in the first half of this year. Shareholders on the register of the bank as at August 29, 2019 will receive an interim dividend per […]
NSE lists Greenwich ETF
The Nigerian Stock Exchange (NSE) on Monday listed Greenwich Alpha ETF (Greenwich Alpha), an exchange traded fund (ETF) promoted by Greenwich Asset Management Limited. The Greenwich Alpha ETF was listed at N100 per unit following the success of the fund’s initial public offering (IPO). Greenwich Alpha is an open-ended ETF that tracks the NSE 30 […]
MAN withdraws from W/Africa expo
The Manufacturers Association of Nigeria (MAN) on Monday withdrew its participation in the 2020 Annual Nigeria Manufacturing Expo/Manufacturing Partnership for African Development (NME/mPAD) events organised by Clarion Events West Africa. The group said its decision was based on the decision of its partner, Clarion Events West Africa, to withdrew its business interest from Nigeria, and […]
CBN to defend reserves against UK $9b court ruling
The Central Bank of Nigeria (CBN) on Monday it will strive to protect the country’s currency reserves after a British court ruling granted a small natural gas firm the right to seize $9 billion in assets from the Federal Government. The huge cash would be one of the largest financial liabilities imposed on Nigeria in […]
Oil jumps 2.4% after attack on Saudi field
Oil prices rose on Monday after weekend attack on a Saudi oil facility by Yemen’s Houthi forces. Traders also looked for signs that top economies would take measures to counteract a global slowdown. The prices were, however, limited by a downbeat report by the Organisation of the Petroleum Exporting Countries (OPEC) that stoked concerns about […]
Stock market rebounds with N93bn gain
The nation’s stock market witnessed a rebound on Monday after two consecutive weeks of losses, gaining N93bn. The market capitalisation of equities increased from N13.121tn on Friday to N13.214tn on Monday as the All Share Index appreciated by 0.71 per cent to settle at 27,177.22 basis points. Strong earnings reported by banks in their half-year […]
More items to come under forex ban – Emefiele
Governor of Central Bank of Nigeria, Mr Godwin Emefiele, said on Monday that more items would come under the bank’s policy of restricting official foreign exchange for importation. He also said the forex restriction to importers applied to food items that could be produced in Nigeria and not a total ban on all food items. […]
JUST IN: Four killed in fresh katsina bandits attacks
About four villagers were killed on Monday in fresh banditry attacks in tsayu village of Jibiya Local Government Area of Katsina state A press release which was signed by the Spokesman of Katsina State Police Command, Mr Gezawa, and made available to newsmen, said the DPO Jibiya reported that at about the early hours of […]
AbdulRazaq locks out workers for late coming
Kwara state Governor AbdulRahman AbdulRazaq on Monday locked scores of civil servants outside the main gate of the old secretariat in Ilorin, the state capital for late coming. The governor told the civil servants that late coming to work is unhelpful for government business in the 21st century. Many of the affected workers were still […]