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Capital Market

Jim Ovia tops banks’ chairmen dividend earnings with over N16bn on 2022 

Zenith Bank’s chairman, Jim Ovia, earned a total of N16.224 billion from the dividends payout of the bank for the 2022 financial year. With a...

Savannah Energy Announces Q1 2023 Financial and Operational Update with 29% increase in Nigerian Operations   

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa has released its financial and operational update for Q1 2023.  The Q1 2023 Unaudited Financial Results showed that the company posted a total revenue of US$147.6m, comprising of US$71.0m from its...

Zenith Bank Proposes N3.20 Per Share Dividend Despite Profit Decline

The Board of Zenith Bank Plc has proposed a dividend of N3.20 per share despite a profit moderate decline in the lender’s bottom line...

United Capital Shareholders set to receive N9billion dividend payout

L-R, Leo Okafor, Company Secretary, United Capital Plc; Oluleke Ogunlewe, Non-executive Director, United Capital Plc; Emmanuel Nnorom, Non-executive Director, United Capital Plc; Peter Ashade,...

FCMB raises N20.686bn from debt Market to boost Capital

FCMB Group Plc. has successfully completed the issuance of a N20,686,000,000 perpetual 16% fixed rate resettable NC5.25 additional Tier I capital subordinated bonds (AT1)...

United Capital Delivers impressive growth

Ashade   …sustains N1.50 Dividend Per Share as revenue rises 49%   Setting the tone for the financials declaration period, the investment bank and pan-African financial services group,...

FG must borrow innovatively to tame inflation – Olowookere

Olowookere   The Managing Director/Chief Economist at Analysts Data Service and Resources Limited, Afolabi Olowookere, has said that the Federal Government needs to revive and concentrate...

SAHCO seeks duty waiver for ground handling operators 

Agboarumi The Managing Director, Skyway Aviation Handling Company, SAHCO, Plc, Basil Agboarumi, has called on the Federal Government to grant duty waiver on operational equipment...

NGX Reveals Results of Full Year Review of Market Indices

The Nigerian Exchange Limited, the premier sustainable exchange servicing Africa’s largest economy, has announced the results of its full-year market index review for the...

Rand Merchant Bank Nigeria Limited Quotes ₦2.36 Billion C.P. on FMDQ Exchange

To guarantee sustained business operations in the current challenging economic environment, corporate institutions have continued to explore alternative financing options by tapping the debt...