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MayThe 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 out of first-quarter results momentum. The market […]
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MayGTCO, 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 and bonds will be issued in tranches,[…]
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MayShareholders 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 200% compared to the 25 kobo dividend[…]
