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AugMarket drops further as Dangote Cement, Seplat shed weight
Nigerian stock market on Tuesday dropped further, making it five sessions of consecutive losses on weight shedding in Dangote Cement, Seplat and other 18 stocks. The All Share Index dropped by 1.60% to close at 48,554.76 points from the previous close of 49,344.67 points. The Market Capitalisation declined by 1.60% […]
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AugStanbic IBTC grows PAT by 36.05%, declares N1.50 interim dividend in HY 2022
The shareholders of Stanbic IBTC Holdings will soon smile to the bank as interim dividend of N1.50 as been proposed by the Holding Company. The Audited Financial Statement of the financial institution for the period ended 30, June 2022 shows significant growth in the Company’s top line and bottom line[…]
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AugZenith Bank declares 30 kobo as interim dividend, grows PAT by 4.99% in Q2 2022
Zenith Bank Plc on Tuesday declared an interim dividend of 30 kobo to its shareholders for the period ended 30 June 2022. The financial institution reported a Gross Earnings of N404.763 billion for the 6 months period, up by 17.13% from N345.559 billion reported the previous year. Profit after tax[…]
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AugThe future of Nigerian SMEs with over 50 business failure causes
Timi Olubiyi, PhD Despite the significance of SMEs to the economy and national development, Africa has a high rate of business failures and short-lived businesses. In Nigeria SMEs account for 48 percent of the national GDP, 96 percent of businesses, and 84 percent of employment in the country, according to[…]
