Company Report
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Investors mark Caverton Offshore support for profit-taking over crashed aircraft
Investors profit-taking mar Caverton Offshore Support Group plc performance on Friday, dropping by 1.64per cent or N0.02 per share over its DHC 6-400 aircraft with registration TJ-TIM that crashed in Cameroon. The aircraft, owned by Caverton Aviation Cameroon, an associate company of Caverton Offshore Support Group Plc, was reported missing at 16:15pm local time in Cameroon on Wednesday, May 11,…
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FBN Holdings to delay Q1 2022, 2021 AFS till May ending
FBN Holdings Plc has notified the Nigerian Exchange Limited (NGX) and the investing public of submitting full financial year ended December 31, 2021 and unaudited first quarter ended March 31, 2022 financial statements on or before March 30, 2022. Post-listing rules at the Exchange required quoted companies to submit their audited earnings reports, not later than 90 calendar days, or…
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EnterpriseNGR unveils youths’ internship programme to bridge skills gap
EnterpriseNGR, a professional advocacy group championing the transformation of Nigeria to the premier financial services center in Africa, on Thursday announced the launch of their Youth of Enterprise (YOE) Internship Programme designed to help address national youth unemployment and enhance Nigeria’s future productive capacity. Currently, about 55 per cent of unemployed Nigerians are youth aged 15 – 34 years. This…
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PAT Digital Infra Fund SPV lists its debut bond on FMDQ Exchange
FMDQ Securities Exchange Limited, through its Board Listings and Markets Committee, has approved the listing of PAT Digital Infra Fund SPV PLC’s N10 billion Series 1 Senior Guaranteed Fixed Rate Bond under its N50 billion Bond Issuance Programme on the Exchange’s Platform. PAT Digital Infra Fund SPV Bond, guaranteed by InfraCredit, joins a host of other corporate debt securities issued…
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UAC Nigeria registers N45bn CP on FMDQ Exchange
FMDQ Securities Exchange Limited on Wednesday welcomed the registration of the UAC of Nigeria PLC N45.00 billion Commercial Paper (CP) Programme on its platform. The registration of the CP Programme follows due approval from the Exchange’s Board Listings and Markets Committee, and attests to the highly efficient time-to-market and uniquely tailored listing and quotation service offered by the Exchange. UAC…
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BUA Foods acquires shipping vessel for sugar export operations
BUA Foods Plc, yesterday announced that it has taken delivery of MV Bundu, the first of two shipping vessels to augment its sugar export operations to the West African market, which kicked off successfully earlier this year. The company in a statement on the Nigerian Exchange Limited (NGX) noted that its export of refined sugar is expected to benefit the…
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Airtel Africa reports $1.2bn PBT in 2022
Airtel Africa plc on Nigerian Exchange Limited (NGX) has 75.6 per cent increase in profit before tax to $1.2billion in 2022 financial year from $697million reported in 2021. On the heels of impressive performance, the board and management of Airtel Africa recommended a final dividend of 3 cents per share, making total FY’22 dividends 5 cents per share (FY’21: 4…
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Ecobank flags off national essay competition for children
As part of activities to commemorate Children’s Banking Month, Ecobank Nigeria has opened a national essay competition for children between the ages of 13 to 16. The topic for the essay is “What will you consider as the future of banking”. Prizes to be won include Laptops, Educational Tabs, and several consolation prizes. Participants are required to submit an essay that…
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FY 2021: Unity Bank grosses N50.28bn in earnings, N3.33bn in profit
…as Total Assets Hit N538.87bn Unity Bank Plc has declared a profit before tax of N3.33 billion in the financial year ended December 2021, indicating a 49.9 percent increase from the N2.22 billion it recorded in 2020. Similarly, review of the lender’s 2021 full-year result filed with the Nigeria Exchange Group showed a significant improvement in its bottom line as…
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Xantos expands operations to Africa
As part of its mission to help millions of people across the world achieve financial independence, leading investment platform, Xantos Lab has expanded its operations to Africa, starting with Nigeria, Ghana, South Africa and Kenya. The platform which has built its reputation in over 150 countries will extend its service to Africans, providing a veritable platform through which individuals can…
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