Visa Suspends All Russia Operations
Visa Inc. (NYSE:V) Monday, announced it is suspending its Russia operations. Effective immediately, Visa will work with its clients and partners within Russia to cease all Visa transactions over the coming days. Once complete, all transactions initiated with Visa cards…
UBA records 9.4% y/y growth in EPS to NGN3.39 in 2021FY
UBA released its audited full-year results recently, and the performance was in line with analysts’ expectations. The bank’s core income growth and lower funding costs supported its strong performance. Overall, the bank recorded a 9.4% y/y growth in EPS to…
NGX Group of Companies Commemorates IWD 2022
…Rings the Bell for Gender Equality Nigerian Exchange Group of Companies has begun commemorating the International Women’s Day 2022 through a series of Closing Gong Ceremonies to celebrate recently appointed female Board Chairpersons and Chief Executives of listed companies and…
Lekki Deep Seaport reaches 81% completion stage—Koko
The Managing Director of the Nigerian Ports Authority (NPA), Mr. Mohammed Bello-Koko has revealed that the Lekki Deep Seaport, which has reached 81 percent completion stage. Sharing with his audience plans by the Authority to position Nigerian seaports as the…
NGX Group reports Growth of 22.2% in Profit after Tax
Nigerian Exchange Group (“NGX Group” or “The Group”) Plc is pleased to announced that it has released its audited results for the full year ended 31 December 2021, on Tuesday, 01March 2022. The Group’s audited results revealed that its gross…
Zenith Bank’s 2021FY earnings growth remains defensive
ZENITHBANK released its audited 2021FY numbers on Monday, showing that the bank’s earnings growth remained defensive during the period. Specifically, continued improvements in the non-core business segment supported the performance, despite the lingering challenges in the core banking business environment….
Clarifying the Role of NGX Regulation Limited in Listing Price of Issuers
The attention of NGX Regulation Limited (NGX RegCo) has been drawn to a misconception regarding the role of NGX RegCo in determining the listing price of prospective listed companies (Issuers) seeking to list on Nigerian Exchange Limited (NGX). Recently, several…
NGX Inducts 133 New Authorised Dealing Clerks
Nigerian Exchange Limited (“NGX” or “The Exchange”) inducted a total of 133 Authorised Dealing Clerks from 63 Trading License Holder charging them to uphold the highest level of ethics and responsibility. Speaking at the ceremony, the Chief Executive Officer, NGX,…
Nigerian Breweries Plc Q4-21 standalone PAT rose by 939.0% y/y
Following the publication of its 2021FY audited results by Nigerian Breweries Plc, recently, the report revealed that Q4-21 standalone PAT rose by 939.0% y/y to NGN4.46 billion while EPS surged to NGN0.56 (Q4-20: NGN0.05) buoyed by impressive revenue growth (+24.3%…
NGX meets with DMO, CBN on way forward
L – R shows Mr. Lamido Yuguda, Director General, Securities and Exchange Commission (SEC); Ms. Patience Oniha, Director General, Debt Management Office (DMO); Mr. Haruna Jalo-Waziri, Managing Director/CEO, Central Securities and Clearing System Plc (CSCS); Mr. Temi Popoola, CFA, Chief…
