Company Report
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C & I Leasing registers N50bn CP programme on FMDQ Exchange
FMDQ Exchange has approval of the registration of C & I Leasing Plc’s N50 billion Commercial Paper (CP) Programme on its platform. C & I Leasing is a diversified leasing and business service conglomerate providing support services to various indigenous and multinational organisations in West Africa along three lines; Fleet Management, Personnel Outsourcing, and Marine Service. The company provides transportation…
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Regulators sanction Stanbic IBTC Holdings N53.3m over three market infractions
Three market regulators, Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC) and National Insurance Commission (NAICOM) have sanctioned Stanbic IBTC Holdings a whopping sum of N53.3million over three market infractions. The financial institution in 2021 full year was sanctioned N438million over different market infractions. As gathered from the Holdings audited financial statement for the half year ended June…
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BREAKING: Zenith Bank reports N130.01bn in PBT, proposes N0.30 interim dividend
Zenith Bank Plc on Tuesday announced N130.01billion profit before tax in its half year (H1) ended June 30, 2022 audited result and accounts, an increase of 11.06 per cent from N117.06billion reported in corresponding half year ended June 30, 2021. The lender on the Nigerian Exchange Limited (NGX) also reported N111.41billion profit after tax in H1 2022 from N106.11 reported…
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H1 2022 results: NGX approves 30-day extension to GTCO
The Nigerian Exchange Limited (NGX) has granted Guaranty Trust Holding Company (GTCO) 30-day extension to release its audited half year ended June 30, 2022 financial statement to investing public. All the quoted companies are required to comply with some rules and regulations, including strict adherence to high disclosure standards as prescribed in the NGX listing rules. NGX listing requirement mandates…
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Julius Berger to commission cashew processing plant
Julius Berger Nigeria Plc has announced that the official launch ceremony of its cashew processing plant would be held on September 10, 2022. This was contained in a disclosure signed by C. E. Madueke, the Company Secretary on the commissioning of the cashew processing factory. According to the company, the diversification direction would support the continued success of the Julius…
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Dangote Cement‘s income tax expense rose 4% to N92.79bn in H1 2022
Dangote Cement Plc has announced about four per cent increase in income tax expense to N92.79billion in half year (H1) ended June 30, 2022 from N89.62billion reported in half year ended June 30, 2021. With the N92.79billion income tax expense in H1 2022, the cement manufacturing company maintained its position as a leading taxpayer in Nigeria and one of the…
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FMDQ advance derivatives market with “Q-Estimator”
FMDQ Securities Exchange Limited on Monday said it added a new offering to its universe of innovation with the launch of an automated hedging calculator – “Q-Estimator”, to equip market participants with a tool that aids strategic and informed investment decision-making in the Nigerian financial markets, particularly the derivatives market. The Exchange continues to play a pivotal role in the…
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Lafarge trains women on tiling, block making, launches One2TRee campaign
Lafarge Africa Plc., in collaboration with Truss Empowerment Foundation has trained women from low-income communities in Lagos on tilers and block making in celebration of its 2022 Sustainable Week. The two-week intensive vocational training program which was held at Nawarudeen High School, Ebute Metta, Lagos, is in line with the strategic objective of Lafarge Africa’s Corporate Social Responsibility (CSR) initiative to empower, educate and increase…
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Nigerian Breweries announces N274.03bn revenue in H1 2022
Nigerian Breweries Plc has announced N274.03billion as revenue for the first half (H1) of the 2022 financial year ended June 30, 2022. The company also recorded Profit After Tax (PAT) of N19.08 billion during the period. According to the unaudited report and provisional results filed with The Nigerian Exchange Limited, the company experienced a 31per cent growth in revenue compared…
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Alliance for Youth Nigeria empowers over 11,000 youth in one year
As the world marks the International Youth Day, the Alliance for Youth Nigeria has announced the conclusion of a vocational skills training program reaching over 350 young Nigerians in Lagos and Kano states. The training, which covered four skillsets – Solar panel installation, Graphics Design (Designs, social media and web design), CCTV and Cable installation, and Beauty Care (make-up, aromatherapy…
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