Nigerian Exchange
11 Jun
Foreign majority shareholder in Guinness Nigeria Plc, Diageo, on Tuesday agreed to sell its controlling equity stake of 58.02 per cent to Singaporean multinational, Tolaram, a regulatory filing at the Nigerian Exchange (NGX) has said. The transaction is expected to be completed in 2025 subject to obtaining the requisite regulatory approvals in Nigeria. Tolaram, according…
30 Apr
MTN Nigeria Communications Plc has reported another loss, the second in a row after declaring a loss after tax of N392.7 billion for the first quarter of 2024. This is coming after growing its service revenue by 32.0 per cent to N747.3 billion year-on-year, the telco recorded its second loss since it was listed on…
23 Apr
United Capital Plc, a leading Pan-African financial services group, convened its 11th Annual General Meeting yesterday at the Transcorp Hilton Hotel, Abuja, following another year of exceptional financial performance. Shareholders were delighted at the declarationof a dividend payout of N10.8 billion, equivalent to N1.80 per share. The meeting commenced with a statement by Prof. Chika…
10 Apr
Leading investment bank and pan-African financial services group, United Capital Plc, maintains its upward trajectory, achieving an impressive 71% year-on-year increase in gross earnings to N45.90 billion. This remarkable achievement was recordedin its recently released Audited Financial Statements for the fiscal year ended December 31, 2023. Amidst economic fluctuations, United Capital Plc has demonstrated resilience…
1 Mar
Following gains in 37 stocks, the Nigerian equities market reversed losses, to close upbeat yesterday, as the all-share index (ASI) appreciated by 0.7 per cent.
Latest
1 hour ago
The Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned one Sanusi Hashim for allegedly misappropriating and converting to his personal use the sum of N108 million. Hashim was arraigned before Justice Kabiru Dabo of the Kaduna State High Court sitting in Zaria on a one-count of misappropriation contrary to Section…
1 hour ago
President Bola Tinubu on Monday night canvased for a systemic solution that would address the socio economic elements causing corruption in the country, emphasising the need to First tackle the underlying causes of the menace. Speaking his maiden media chat on national television, President Tinubu emphasised the significance of enhancing living circumstances, guaranteeing access to…
1 hour ago
President Bola Tinubu has affirmed that his administration’s tax reforms will remain in place. He made this declaration on Monday night during his first presidential media chat in Lagos State. The tax reform bills, currently under consideration by the National Assembly, have sparked controversy and faced resistance, particularly from Northern leaders, prompting lawmakers to initiate…
2 hours ago
Gov. Babajide Sanwo-Olu of Lagos State on Monday described the October 2020 EndSARS protest period as one of his toughest moments as a leader. Sanwo-Olu made this known during a chat with 30 fellows of the Lateef Jakande Leadership Academy in Ikeja. “One of my toughest moments as a leader was during the EndSARS protest.…
2 hours ago
A retired Assistant Inspector-General (AIG) of Police, Bola Longe, has passed away. The Chairman of the Ibadan branch of the Nigerian Bar Association (NBA), Ibrahim Lawal, confirmed the news on Monday during a phone interview with The Guardian in Ibadan, the Oyo State capital. Lawal had earlier issued a statement announcing Longe's death. In the…
2 hours ago
Hollywood actor Denzel Washington has taken a step in his spiritual journey, dedicating his life to Christ and officially becoming a minister at 69. The actor publicly committed his life to Christ over the weekend. In a moving ceremony at Kelly Temple Church of God in Christ, Harlem, New York, Washington received baptism and was…
2 hours ago
President Bola Tinubu said on Monday that the stampedes recently experienced during palliative distributions across the country were due to poor organisations. The president, who said this during his first media chat, also attributed the mishaps to indiscipline on the part of the beneficiaries of the palliatives. “Are we looking at it from organisers’ point…
2 hours ago
President Bola Tinubu has said that he does not regret putting a stop to the payment of fuel subsidy. Tinubu stated this on Monday night during the first presidential chat with the media since he assumed office. "I don't regret removing the fuel subsidy at all. That was the only option we had to stop…
2 hours ago
President Bola Tinubu has rejected proposals to cut his 48-member cabinet, stating that it is essential for efficient government. Tinubu made this known during a media chat on Monday at his Bourdillon residence in Ikoyi, Lagos. “I am not ready to bring down the size of my cabinet,” Tinubu said. “I saw the need when…
2 hours ago
Actress and filmmaker Toyin Abraham has celebrated a milestone as her latest movie, Alakada: Bad and Boujee, raked in ₦58 million in ticket sales during its opening weekend. The record-breaking performance marks the highest-grossing debut in the history of the Alakada franchise. Premiering on December 15, 2024, the comedy-drama has become an instant holiday sensation.…