Investors Trade 2.7 billion Shares worth N23.7bn in Five Days

By Aduragbemi Omiyale One of the players in the personal healthcare and consumer goods sectors, PZ Cussons Nigeria Plc, has published a list of its shareholders with unclaimed dividends. Unclaimed dividends are cash rewards given to investors, mainly from the profits from the company’s operations, but are yet to be collected by the beneficiaries. This has been a major source of sleepless nights for the Securities and Exchange Commission (SEC), which is working to bring down the number of unclaimed dividends. It has been reported that the value of unclaimed dividends in the nation’s stock market is over N185 billion.

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed 0.15 per cent in the positive territory on Wednesday, December 6 as it extended its streak to a third day spurred by gains in three bellwethers. 11 Plc recorded a N16.00 appreciation to sell at N176.00 per share compared to the previous day’s N160.00 per share, Central Securities Clearing System (CSCS) Plc gained 43 Kobo to settle at N17.51 per unit versus the preceding day’s N17.08 per unit, and FrieslandCampina Wanco Nigeria Plc rose by 20 Kobo to close the day at N72.89 per unit, in contrast to Tuesday’s closing

By Dipo Olowookere The International Monetary Fund (IMF) has said Nigeria’s revenue–to-gross domestic product (GDP) ratio of about 9 per cent was too low to trigger the economic growth projected by President Bola Tinubu in his Renewed Hope Agenda. Addressing journalists at its last press briefing for 2023 on Thursday, the global lender said the administration of Mr Tinubu must boost the government’s revenue to have funds to achieve his goals. On May 29, 2023, Mr Tinubu took over from Mr Muhammadu Buhari, promising to jump-start the economy and work tirelessly to address food security, end hunger, eradicate poverty, create

**Declares N10.50k per share dividend By Dipo Olowookere One of the leading cement makers in the country, Dangote Cement, generated the sum of N805.6 billion as revenue in 2017, Business Post is reporting. This information was made known in the company’s financial statements for the year ended December 31, 2017, released today on the Nigerian Stock Exchange (NSE). In the firm’s earnings, it was disclosed that the amount made last year surpassed what was realized two years ago when Nigeria slipped into recession, N615.1 billion. Business Post gathered from the financial statements that the revenue was buoyed by activities from

By Modupe Gbadeyanka Pan-African lender, Ecobank, has won two major awards at the African Banker’s prestigious ceremony held at the Paradise Hotel in Busan, South Korea. The bank was named Best Retail Bank in Africa after impressing judges with the strides it has made to leverage digital financial services and an enhanced service model, to be the retail bank of choice. The ever improving feature set of the truly revolutionary Ecobank Mobile App, which has now been downloaded by more than 5 million people, took the prize for Innovation in Banking, thanks to the way it has redefined borderless and

By Modupe Gbadeyanka The new owner of Keystone Bank would be announced very soon, Managing Director of Assets Management Corporation of Nigeria (AMCON), Mr Ahmed Kuru, has disclosed. Mr Kuru, in an exclusive interview with Daily Trust, said the propose would “certainly” be concluded before the end of 2016. “Certainly, before the end of the year the process will be concluded,” he assured, explaining that about 98 percent of the transactions had already been completed. Explaining further, the AMCON boss said selling a bank was not like selling a factory because there are many stakeholders involved. “So, it follows rigorous

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange opened the first trading week on Tuesday, May 30, in optimism as it rose by 0.45 per cent as Nigeria swore in a new president who promised to boost local and foreign investments. The NASD market capitalisation consequently increased by N4.50 billion to N1.006 trillion from N1.001 trillion, as the NASD Unlisted Securities Index (NSI) appreciated by 3.26 points to end the day at 727.38 points as against the 724.12 points it recorded at the previous session. The bullishness came as three securities – Niger Delta Exploration and Production (NDEP), Nipco Plc,

Digital journalism, be it a one-man-army or a small firm, both required compelling content to compete with mainstream media companies. The ethics of media journalism and the credibility of the information source are essential factors. But the physical and visual presentation of each piece draws more attention than any other parameter. It is important to be original and it implies journalism too. They need to master copywriting too, so that it can be leveraged over others, know more about copywriting and its importance by clicking this link here. In this world of technology and fast-paced information — videos are the

By Modupe Gbadeyanka Activities on the Nigerian Stock Exchange (NSE) ended for the week on Friday on a negative note after the market initially bounced back on Thursday from the three-day losing streaks. The all-share index shed 0.01 percent or 1.52 points to close at 27,596.82 points, while the market capitalisation finished at N9.478 trillion after losing N521 million. The ASI had closed on Thursday at 27,598.34 points, while the market capitalisation ended at N9.479 trillion. Business Post correspondent reports that trading was not too impressive today, which showed in the volume of shares exchanged at the stock market. Investors

Mr Olumayowa Meseko has been appointed at the new Company Secretary of 11 Plc (formerly Mobil Oil Nigeria Plc), with effect from June 14, 2019. In a statement signed by Managing Director of the energy firm, Mr Adetunji Oyebanji, it was disclosed that the appointment followed the approval of the company’s board of directors. Mr Oyebanji noted that in view of the appointment of Mr Meseko to the office of Company Secretary of Mobil Oil Nigeria, “Messrs Danladi, Adams & Co shall cease to act as Company Secretary of 11 Plc with immediate effect.” Mr Meseko, who holds a Master