CSCS Plans Payment of N1.37 Dividend to Shareholders

By Dipo Olowookere The board of Capital Hotels Plc has announced the creation of an escrow account for the payment of about N1.6 billion to minority shareholders of the company. The hospitality firm is leaving the Nigerian Exchange (NGX) Limited after years on the nation’s main stock exchange. In a notice signed by Alex Ugwuanyi, the organisation said the account was created with CardinalStone Registrars Limited and has been sufficiently funded for payment “to shareholders” who “have accepted to exit” the firm by selling their holdings. Recall that in March 2023, shareholders of Capital Hotels approved the request of the

Traders Union (TU) experts know that supply and demand rules control all markets. When traders trade, they usually use technical signals to find out if there is more supply or demand. In this guide, the analysts will delve into the world of supply and demand zones and explore their significance in trading. But before you dive in, it’s crucial to grasp the fundamentals. What you should know about supply and demand zones The guidance from TU’s analysts provides insight into the crucial aspects of demand and supply zone trading. It is important to understand these zones: Supply Zone – this

By Adedapo Adesanya  The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has vowed to down tools and shut down all oil field locations if demands following the acquisition of Nigerian Agip Oil Company (NAOC) are not met. Business Post had reported in September that Oando Plc had acquired a 100 per cent stake in the Nigerian subsidiary of Italian giant, Eni. However, the deal allegedly happened without management addressing the welfare and benefits of the workers and without due process. The development has led to several protests by members of PENGASSAN since the beginning of September 2023.

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed Week 39 mixed as the unlisted securities index rose by 0.83 per cent, while the market capitalisation depreciated by 2.63 per cent after VFD Group Plc finally delisted after three years of trading on the platform. According to data from the bourse, the NASD index went up by 6.70 points to 815.65 points from 808.95 points, while the value of the exchange shrank by N30 billion to N1.110 trillion from N1.140 trillion. In the week, Nipco Plc improved its value by 9.8 per cent to close at N95.00 per share

By Otori Emmanuel “Every business that wants to create global footprints must have a clear social media strategy” When we have a product or service to offer, we have crossed the first line and the second is to be able to find the channels to ensure that words about what we sell get across to the audience that has the money value. People usually use digital marketing and social media interchangeably; however, digital marketing is the broad variety of activities that are performed on the internet to ensure the promotion of goods to the audience on these platforms. Social media

By Dipo Olowookere On Thursday, August 27, 2020, the Minister of Information and Culture, Mr Lai Mohammed, is expected to grace the 7th edition of the Lagos Public Relations Stakeholders’ Conference. A statement from the organisers disclosed that the theme for this year’s programme, which is taking place virtually, is Adopting Proper Communication Strategy, Channels and Technology for National Peace and Security. The country at the moment is facing a huge security challenge and it was because of this the organisers settled for the theme to collate views of experts and make recommendations for the government. The conference will engage

By Kestér Kenn Klomegâh Russian Agriculture Ministry’s Agroexport Federal Center for Development of Agribusiness Exports in close partnership collaboration with Trust Technologies and the business expert community drew up a concept for the development of exports of major agricultural products (grain, dairy, butter, meat and confectionery products) to promising markets of African countries. The goal of the project is to prepare a practice-oriented model for increasing supplies and enhancing the competitiveness of Russian agricultural goods in the African market. According to the business concept report, nine African countries have been identified and chosen as target markets for the delivery of

By Dipo Olowookere As part of General Electric’s investment commitment to Africa, the company deepens its presence in the continent with the opening of new offices in Addis Ababa, Ethiopia on Friday. General Electric is the world’s leading digital industrial company. The newly inaugurated facility has the capacity to host up to 60 staff members and represents a tangible commitment from GE towards a long-term partnership with its Ethiopian customers. “GE’s presence in Ethiopia is a demonstration of the government’s efforts to create a conducive business environment for foreign investors and further underpins the government’s commitment to support economic value

Trading 212, founded in London in 2006, offers investment and active trading services in the foreign exchange and stock markets. The UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC) in Europe license the company. Traders Union reviewed Trading 212, focusing on enhancing its services and trading conditions for novice and experienced traders rather than placing significant emphasis on educational programs. TU expert review of Trading 212 Traders Union allied Trading 212 as a trustworthy company in the trading sector. The brokerage provides two account options: one for a stock investment and another for active trading,

By Dipo Olowookere The Securities and Exchange Commission (SEC) has promised to review some of the rules guiding the capital market with a view to making them more flexible and attractive to investors. The Director-General of the agency, Mr Lamido Yuguda, while speaking recently in Lagos at the CEO Roundtable organised by the Nigerian Exchange (NGX) Limited, admitted that there are some requirements preventing companies from listing their shares for public trading, promising to collaborate with other regulatory organisations in the ecosystem to make them better. He said SEC was happy to have an engagement with other regulators and issuers

By Modupe Gbadeyanka The shortage of Dollar supply in Nigeria has forced Interswitch Limited to suspend its plans to raise about $1 billion through an initial public offer (IPO). It is believed that once things get better, the plan would be activated. Nigeria is facing acute shortage in foreign exchange due to fall in the global price of crude oil as well as reduction in the volume of oil it produces as a result of attacks on oil installations in the Niger Delta by militants in the region. The Dollar shortage in circulation has weakened the Naira against the foreign

By Dipo Olowookere The upward movement at the local bourse continued on Friday with a 0.34 per cent increase as the All-Share Index (ASI) gained 180.70 points to settle at 53,098.46 points compared with the preceding day’s 52,917.76 points. Business Post reports that the advancement in the prices of 29 stocks on the Nigerian Exchange (NGX) Limited during the session expanded the market capitalisation of the platform by N97 billion to N28.626 trillion from N28.529 trillion. According to data, the best-performing equity was Northern Nigerian Flour Mills as it gained 9.94 per cent to trade at N9.95, McNichols appreciated by