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Monthly Archives: March 2023

Home 2023 March Page 11

20

Mar

Stock market sheds N479bn, returns -1.58% WtD on profit taking

  • Ruth Omoteso
  • Weekly Market Closure

Trading on the floor of the Nigerian Exchange last week closed bearish as the MTN Nigeria, GEREGU and other 45 stocks closed the week lower on profit takingThe All Share Index and Market capitalization declined by 1.58% to settle at 54,915.39 points and N29.916 trillion respectively.An aggregate of 853.7 million units of shares were traded in 18,543 […]

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20

Mar

Unilever Nigeria announces strategic repositioning for sustained profitability

  • Ruth Omoteso

Unilever Nigeria Plc has notified the Nigerian Exchange and the Investing Public of its intention to exit the Home Care and Skin Cleansing categories to concentrate on higher growth opportunities.According to the notification available on the website of the Nigerian Exchange, the Company stated thus: The Company will make changes to its business model in order to[…]

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20

Mar

Stanbic IBTC declares N2 dividend to shareholders for 2022 year end

  • Ruth Omoteso
  • dividend

Stanbic IBTC Holdings Plc has declared a final dividend of N2 to its shareholders for the period ended 31 December 2022. The financial institution reported Gross Earnings of N287.54 billion for the 12 months period, up by 39.15% from N206.64 billion reported the previous year. Profit after tax grew year on year by 41.86% to N80.81 billion[…]

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  • February 28, 2025

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    February 28, 2025

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    February 28, 2025

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