The listing of Transcorp Power Plc brings the company’s total market capitalisation on the NGX to N1.8 trillion.
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Absa’s advice follows the increasing trend of data dependence in capital market participation and decision making. Globally, there is an increase in the reliance on market data as a tool for making sound financial decisions, and the Nigerian case is no different. A study carried out by Refinitiv in 2020 shows that 57 percent of capital markets professionals expect to spend more time analysing data, and 74 percent believe data analysis to be the most important skill that will be required to work on the futures trading desk.
The Bank earned this recognition at the 2022 Nigerian Investor Value Awards (NIVA) organised by BusinessDay in collaboration with the Nigeria Exchange Group.
The Bank was on Saturday May 14 awarded the ‘Best Overall Investor Relations’ brand at the 8th edition of the prestigious BusinessDay Nigeria Investor Value Awards (NIVA) for its adherence to corporate governance ethics in driving its impressive performance on the Nigerian Exchange – NGX.
Honestly for me, it feels good because at 70 I am in good shape without any health or other challenges. However if you put it in the context of the environment and the times we live in, I don’t feel as good as I could or should. I am not happy that the country is facing diverse and numerous challenges, many of them self-inflicted and needless. As I speak, we are all currently struggling to cope with heightened and extreme forms of those challenges at every level. The problem is that I cannot be okay or as happy I could or should be when all is not well with the community of which I am an integral part. That is how I feel about Nigeria in my 70th year.
As post-pandemic economy unlocks growth potential, fresh opportunities in telecoms sector, by Ifeoluwa Ogunfuwa
The growing smartphone adoption coupled with increasing demand for high-speed Internet is a challenge for operators to reimagine their operations as it holds business prospects for existing and new investors.
The Group reported profit before tax of ₦54.3billion, representing an increase of 1.1% over ₦53.7billion recorded in the corresponding period March 2021. FX translation of the FCY loan book led to a drop in the Group’s net loans by 4.7% from ₦1.80trillion recorded as at December 2021 to ₦1.72trillion in March 2022. Deposit liabilities however grew by 0.7% from ₦4.13trillion in December 2021 to ₦4.16trillion in March 2022.
The UPDC Real Estate Investment Trust (UPDC REIT) was listed on the Nigerian Exchange Limited (NGX) in year 2008. The fund manager, Stanbic IBTC Asset Management, was bestowed with the responsibility to implement the closed-ended fund’s investment strategy and other related activities.
Sterling Bank announced this development in a statement on Monday as the world woke up to celebrate Valentine’s Day.
This was contained in a notice by Edward Imoedemhe, Deputy Company Secretary, released on Wednesday in Lagos.
The speaker made the call while delivering a goodwill message at the Nigerian capital market conference organized by the Nigerian Exchange Group on Tuesday in Abuja.
In rating the brands, seven metrics were deployed, and they include Brand Popularity; Quality Element; Market leadership; Innovation; national Spread; CSR-Environmental friendliness and Online Engagements.
The Chairman of the NGX, Alhaji Abubakar Mahmoud, said this in a statement he issued on Thursday in Lagos.
The foremost indigenous cement manufacturer came first among top 100 elite companies listed on the Nigeria Exchange (NGX) posting into the coffer of the federal government a princely sum of N97.24billion in the year, while MTN Communication Nigeria Plc paid N93.6billion and Guaranty Trust Bank came third with an income tax of N36.66billion.
The Group Managing Director of NNPC, Mr Mele Kyari, made this known while receiving the NGX team, led by its Chairman, Alhaji Abubakar Mahmoud.
Specifically, the market capitalisation, which opened the week at N20.579 trillion, lost N604 billion to close at N19.975 trillion.