Central Securities Clearing System (CSCS) Plc has released its audited consolidated and separate financial statements for the year ended December 31, 2024, proposing a dividend of N1.76 per share, amounting to a total payout of N8.8bn. Total revenue grew by 37 per cent to N26.1bn in 2024, up from […]
Category: Capital Market
Capital Market
SEC: ISA 2025 Bans Unregistered Digital Asset Exchanges, Online Forex Platforms
The newly enacted Investments and Securities Act, 2025 (ISA 2025) has made it illegal to operate digital asset exchanges or online foreign exchange trading platforms without formal registration with the Securities and Exchange Commission (SEC). Signed into law by President Bola Ahmed Tinubu, ISA 2025 significantly strengthens the regulatory framework […]
Shareholders Approve Afriland Properties’ ₦865.5m Dividend Payout
Shareholders of Afriland Properties Plc has approved a total dividend of of ₦865.56m proposed by the company’s Board of Directors. The dividend which was approved by the shareholders at the company’s 12th Annual General Meeting (AGM) was equivalent to 63 kobo per ordinary share; a 152 per cent […]
Fitch Sees Limited Impact of U.S. Tariffs on Africa
Global credit rating agency Fitch Ratings has said that the ongoing freeze on U.S. foreign aid and rising global trade tensions, including the imposition of tariffs, are unlikely to lead to widespread credit downgrades cross Africa. The agency noted that the region’s limited integration into global value chains […]
US Tariff Policy To Threaten Nigeria’s FX Inflows, Key Exports – NACCIMA
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has raised alarm over the far-reaching implications of the United States’ newly imposed 14 per cent tariff on Nigerian exports, warning that the measure could significantly reduce foreign exchange (FX) inflows and destabilize key sectors […]
Africa Prudential Pays 82% Of Earnings Per Share As Dividends
Africa Prudential Plc has announced a ₦1.2bn total dividend payout following its financial performance in 2024. The company’s Profit After Tax (PAT) grew by 88 per cent, rising from ₦962.9m in 2023 to ₦1.81bn in 2024. The company introduced an interim dividend of 15 kobo per share […]
ISA 2025 Will Stimulate Economic Growth – SEC
The Securities and Exchange Commission (SEC) has said that the Investments and Securities Act 2025 is a game changer that has the strong potential for stimulating growth for the Nigerian capital market and the economy. Director General of the SEC, Dr. Emomotimi Agama who stated this during an […]
ISA 2025: Ponzi Operators Risk 10 Year Jail Term, N20m Fine -SEC
Promoters and operators of any entity engaged in a prohibited scheme commits an offence and is liable on conviction to a penalty of not less than N20m or imprisonment to a term of 10 years or both. This is one of the provisions of the newly […]
Wema Bank Reports ₦102.51bn pretax profit
Wema Bank Plc has released its full 2024 financial results with a profit before tax of ₦102.51bn, representing an increase of 135 per cent over the ₦43.59bn recorded in the corresponding period in 2023. The Bank also proposed a dividend of N1.00 per share on the back of the […]
Fidelity Bank Records 210.0% Growth In PBT To N385.2bn …Declares a total dividend of N2.10 per share
Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210 per cent growth in Profit Before Tax to N385.2bn. According to the Bank’s results released on the Nigerian Exchange (NGX), Gross Earnings increased by 87.7 per cent to N1,043.4bn, driven by 106.9 per cent […]