SHARES
-
economy
Investors gain N795bn as GTCO lists N4.706bn shares
The Nigerian stock market opened the week on a positive note to add N795 billion to the portfolios of investors. The performance was driven by the listing of 4.706 billion ordinary shares of Guaranty Trust Holding Company Plc (GTCO) at N44.50 per share. Accordingly, the market capitalization, which opened at N63.645 trillion, increased by N795 billion to close at N64.440…
Read More » -
NEWS
Sokoto: Commission begins hearing on alleged unaccounted N16.1 bn shares
The Sokoto State Commission of Inquiry commenced hearings on Tuesday regarding the alleged unaccounted N16.1 billion from the state shares sold between 2018 and 2023 by the previous administration. Mr. Amanzi Amanzi, counsel to the commission, briefed newsmen at the end of the session, stating that eight memoranda were deliberated upon during the proceedings. Amanzi said that one of the…
Read More » -
NEWS
Nigeria’s unclaimed dividends now N158.44billion
The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019. Data obtained from the Securities and Exchange Commission (SEC) show that the figure is still on the increase in spite of e-dividend registration introduced by SEC in 2015. Dividend is the distribution of a portion of the company’s earnings, decided and managed…
Read More »
