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Afriland shareholders ratify dividend payment for 2020 as revenue hits N1bn

Shareholders of Afriland Properties Plc have unanimously ratified the N68.695million recommended by the company’s directors as dividend for the financial year ended December 31, 2020. The dividend, translating to 5kobo per share was approved by the shareholders during the company’s 8th Annual General Meeting in Lagos on Monday, 22nd March 2021. A shareholder, Sunny Nwosu, […] Read Full Story

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Stock market opens week with N46bn loss

Despite earlier expectation that sellers will take a breather in Nigeria’s stock market this week, the market still continued on its negative route, an indication that the bears are not willing to relinquish their position. The stock market furthered its negatives return this year (-4.24percent), no thanks to counters like Nigerian Breweries (-5.34percent), Livestock Feeds […] Read Full Story

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Stock market opens week with N46bn loss

stock market

Despite earlier expectation that sellers will take a breather in Nigeria’s stock market this week, the market still continued on its negative route, an indication that the bears are not willing to relinquish their position. The stock market furthered its negatives return this year (-4.24percent), no thanks to counters like Nigerian Breweries (-5.34percent), Livestock Feeds […] Read Full Story

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FMDQ Exchange admits Fidelity Bank’s N41.21bn Series 1 Bond on its platform

Fidelity Bank

FMDQ Securities Exchange Limited (FMDQ Exchange) in a continuous bid to demonstrate its commitment to the development of the Nigerian capital markets, has through its Board Listings, Markets and Technology Committee, recently approved the Listing of the Fidelity Bank Plc Series 1 N41.21 billion Fixed Rate Subordinated Unsecured Bond under its N100 billion Bond Issuance […] Read Full Story

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Securities Dealing Houses of Nigeria identifies post demutualisation survival

The Association of Securities Dealing Houses of Nigeria (ASHON) has urged stockbroking companies in Nigeria to align their business models with the newly demutualised The Nigerian Stock Exchange to maximize the anticipated opportunities and minimize the risks. Following its approval to convert into public company by the Securities and Exchange Commission (SEC) and Corporate Affairs […] Read Full Story

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FMDQ admits the TSL SPV Plc N12bn Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

FMDQ Securities Exchange Limited (FMDQ Exchange), through its Board Listings, Markets and Technology Committee, has granted the approval for the Listing of the TSL SPV Plc N12billion Series 1 Guaranteed Fixed Rate Infrastructure Bond under its N50billion Bond Issuance Programme on the Exchange’s Platform. The listing of the bond joins a host of other corporate […] Read Full Story

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Poor funding stifles operations of Financial Reporting Council

FRC

Financial Reporting Council (FRC) of Nigeria is currently struggling to meet its financial obligations due to poor funding from the Federal Government, BusinessDay can disclose. The horde of activities hitherto witnessed around the rented Lagos and Abuja offices of FRC have whittled down, raising questions about the Federal Government’s commitment to truly empowering the Council […] Read Full Story

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LCCI urges accountants to change Nigeria’s worsening socio-economic crisis

Muda Yusuf

Muda Yusuf, Director-General of the Lagos Chamber of Commerce and Industry (LCCI) acknowledges that accountants have a role to play to turn around Nigeria’s worsening socio-economic crisis. Yusuf, who addressed the first plenary session of the 15th Western Zonal Accountants’ Conference of ICAN (Mowe 2021), at the RCCG Youth centre, Ogun State noted that the […] Read Full Story