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MarUnilever Nigeria announces strategic repositioning for sustained profitability
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 […]
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MarStanbic IBTC declares N2 dividend to shareholders for 2022 year end
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[…]
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MarFCMB Group completes issuance of N20.686bn Series I Perpetual 16.00% Fixed Rate Resettable NC5.25 additional Tier 1 Subordinated Bonds under Its N300bn Debt Issuance Programme
FCMB Group Plc notified the Nigerian Exchange and the investing public that it has successfully completed the issuance of a N20,686,000,000 Perpetual 16% Fixed Rate Resettable NC5.25 Additional Tier I Capital Subordinated Bonds (AT1) under its N300,000,000,000 Debt Issuance Programme The Group’s AT1 Issuance is the first non-sharia local currency[…]
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MarStock market dips further as 25 stocks shed weight
The stock market on Thursday closed on a bearish note, occasioned by profit taking in 25 stocks. The All Share Index declined by 1.04% to close at 54,915.61 points from the previous close of 55,490.20 points. The Market Capitalisation closed at N29.916 trillion, down by 1.04% from the previous close[…]
