Tags: NGX

Shareholders Unanimously Approve Holding Company Structure for Sterling

Shareholders of Sterling Bank Plc unanimously voted in favor of the creation of a new non-operating holding company (HoldCo) to hold the shares in its commercial banking operation as well as the shares of a newly incorporated subsidiary, The Alternative Bank Limited, which will operate as a Non-Interest Banking (NIB) business. At the end of…

2022 HY Audited Results: GTCO Plc Reports Profit Before Tax of ₦103.2billion

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦103.2billion, representing an increase of 11.0% over ₦93.1billion recorded in the corresponding…

Dangote Industries Completes Issuance Of ₦187.6bn Series 1 Fixed Rate Senior Unsecured Bond

Dangote Industries Limited (“DIL” or the “Group”), one of the leading, diversified and fully integrated conglomerate in Nigeria and Africa, is pleased to announce the successful completion of its ₦187.6bn Series 1 Bond Issuance (the “Transaction”), which is the largest corporate bond ever issued in the history of the Nigerian capital market This landmark transaction…

Dangote Cement Best Performing Stock – Nigerian Exchange

Africa’s largest Cement manufacturer, Dangote Cement Plc Dangote Cement Plc has emerged the Best Performing Stock of the Year 2021 by the Nigeria Exchange Group (NGX). Dangote Cement pride as the most capitalized company on the Nigeria Stock Exchange was named the best stock ahead of BUA Cement Plc and CAP Plc, during the 2022…

Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦54.3billion, representing an increase of 1.1% over ₦53.7billion recorded in the…

Stanbic IBTC Charts Course for Real Estate Development

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, charted a new course for real estate investment in Nigeria. The financial institution was appointed to manage a real estate investment trust scheme, UPDC REIT, as confirmed by the Security and Exchange Commission (SEC) in May 2021. The UPDC Real Estate Investment Trust (UPDC…

VFD Group Acquires Majority Stake in Nigerian Exchange Group (NGX)

In alignment with its strategic vision of building Africa’s first diverse business ecosystem, industry-agnostic Investment Company, VFD Group Plc, has recently acquired a 5% stake in the Nigerian Exchange Group (NGX) – making VFD Group one of its majority shareholders. The NGX Group Plc is a leading integrated market infrastructure in Africa that services the…

Q3 2021 Unaudited Results: GTCO Plc Reports Profit Before Tax of ₦151.9billion

Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2021, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦151.9billion, representing a drop of 9.2% over ₦167.4billion recorded in the corresponding…

Dangote Cement, MTN Pay Highest Income Tax In 2020

Dangote Cement Plc has emerged as the highest corporate income taxpayer and biggest employer of labour in the country for the year 2020. The foremost indigenous cement manufacturer came first among top 100 elite companies listed on the Nigeria Exchange (NGX) posting into the coffer of the federal government a princely sum of N97.24billion in…