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Economy

Nigeria: Dangote Cement, others lift NSE Indices By N8billion

By Footprint to AfricaJuly 10, 2018

Transactions on the trading floor of the Nigerian Stock Exchange (NSE), reopened upbeat yesterday, following price gains recorded by major highly capitalised stocks, especially Dangote Cement,…

Finance

Money Market Inflows to Exceed N2tr This Month

By Footprint to AfricaJuly 10, 2018

FSDH Merchant Bank predicts more decline in inflation The nation’s financial system will record flurry of activities worth N2.02 trillion, courtesy of the money market transactions,…

Finance

9mobile Partners Bango to Launch Mobile Payment Service

By Footprint to AfricaJuly 9, 2018

Touted as Nigeria’s most innovative telco, 9mobile has gone one step more towards reaffirming that position with the launch of 9pay. This is an operator-billed…

Finance

FBNQuest Expands Financial Resource Centre in Lagos Business School

By Footprint to AfricaJuly 7, 2018

In line with its commitment to support reputable educational establishments with strong business and finance faculties, FBNQuest Merchant Bank, the merchant banking and asset management subsidiary…

Finance

Cadbury Nigeria Returns to Profitability, Approves N305. 51m Dividend

By Footprint to AfricaJuly 7, 2018

Shareholders of Cadbury Nigeria Plc on Friday approved N301.51 million as total dividend for the financial year ended Dec. 31, 2017. The shareholders gave the approval…

Economy

SMEs Promotion Gains Traction Through Fapa Funding

By Footprint to AfricaJuly 5, 2018

Leveling the playing field for Small and Medium-sized Enterprises (SMEs) in Africa is one of FAPA’s (Fund for African Private Sector Assistance) priority goals. To achieve…

Finance

Nigeria: Flour Mills of Nigeria Posts N542b Revenue, N13.6b PAT

By Footprint to AfricaJuly 5, 2018

Flour Mills of Nigeria (FMN) Plc has recorded group revenue of N542billion, and Profit After Tax (PAT) of N13.6billion for the financial year ended December 31,…

Finance

Issuance of ₦ 50 billion Series 1 and 2 Notes under ₦ 150 billion Commercial Paper Programme

Dangote Cement Announces Issuance of ₦50bn Notes to Raise Money for Capital Expenditure

By Dennis LukhobaJuly 4, 2018

Dangote Cement, Africa’s largest cement producer, has announced the issuance of ₦50 billion ($138.8 million) Series 1 and 2 Notes under its ₦150 billion ($416.5 million)…

Economy

Banking Stocks Raise NSE’s Turnover By N21.6b

By Footprint to AfricaJuly 2, 2018

Heavy transaction in the shares of some banks, especially Union Bank of Nigeria Plc and Sterling Bank, last week, lifted the volume of shares traded, as…

Finance