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MayNIGERIA EXCHANGE LIMITED NAVIGATING MURKY WATERS
The Nigerian stock market is experiencing a downturn characterized by a shortage of positive news, volatile FX market, rising inflation rates, and anticipation of another rate hike at the next Monetary Policy Committee (MPC) meeting. Investors are adopting a cautious approach amid expectations of further bearish trends following the fizzling […]
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MayGTCO SHAREHOLDERS APPROVE RAISE OF CAPITAL
GTCO, the parent company of Guaranty Trust Bank, plans to raise $750 million by listing additional shares on the Nigerian and London Stock Exchanges. This move aims to meet and surpass the new working capital requirement set by the Central Bank in February 2024. The decision on whether the shares[…]
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MayUNILEVER NIGERIA PLC DECLARE DIVIDEND
Shareholders of Unilever Nigeria Plc have approved the Board of Directors’ recommendation for a full-year dividend of N4.309 billion, translating to a dividend payout of 75 kobo per share. The approval came at the company’s 99th Annual General Meeting (AGM) held in Lagos. This dividend represents a significant increase of[…]
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MayTHE CBN GOVERNOR ON HIGH INTEREST RATE
Olayemi Cardoso, the Central Bank of Nigeria (CBN) governor, indicated that interest rates would remain elevated until the inflation rate diminishes. In a report by the Financial Times on Monday, Cardoso also mentioned that orthodox policies would be employed to curb inflation. In March, Nigeria’s inflation rate surged to 33.20[…]
