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Capital Market

Zedcrest Capital Limited Quotes Maiden Commercial Paper

FMDQ Board Listings and Markets Committee of the Exchange has approved the quotation of the Zedcrest Capital Limited ₦5.00 billion Series 1 Commercial Paper (“CP”)...

FMDQ Exchange Commemorates the Quotation of Greenwich Merchant Bank

FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) is pleased to announce the approval for the quotation of the Greenwich Merchant Bank Limited ₦12.20...

Zenith Bank Group pays out N100.47 billion dividend as it grows gross earnings by 24% to NGN945.5 Billion

The Founder and Chairman of Zenith Bank Plc, Jim Ovia, flanked by the Group Managing Director/Chief Executive of Zenith Bank, Ebenezer Onyeagwu (Left) and...

Access Holdings gross earnings hit N1.39 trillion in 2022 financial year

Wigwe Access Holdings Plc has bolstered its gross earnings by about 43% year on year to N1.387 trillion from N971.885 billion recorded in 2021. This is...

FCMB Valuation Declines to N70bn

FCMB Group Plc saw its market valuation decline by about 8% in the last seven trading sessions to N70.299 billion on Friday, according to...

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)...