Unilever plc, Law Union Insurance, Chams Plc, and International Breweries Plc led the gainers’ chart in the stock market on Monday.
However, the stock market traded in negative territory as the All share index dipped by 0.04% to close at 26,990.59 index points and the market capitalization maintained its N13 trillion mark as it closed at N13.03 trillion.
Unilever Nigeria Plc led the gainers chart today having gained 9.94% to close at N17.7 followed by Law Union Insurance, which gained 9.23% to close at N0.71. Champs Plc gained 8.57% to close at N0.38 as Courteville increased by 8.33% to close at N0.26 while International Brew plc rounded off the list with 6.38% gain to close at N10.
On the flip side, Sovereign Trust Insurance Plc led the losers list as it shed 9.09% to close at N0.2 followed by UACN Plc, which declined by 8.75% to close on the bourse at N7.3. Unity bank Plc lost 8.45% to close at N0.65, Cornerstone Insurance lost 7.59% to close at N0.73 while FCMB declined by 5.47% to close at N1.9.
Top trades by volume
FCMB was the most actively traded stock on the bourse today despite shedding 5.47% of its share value, traded in 97.8 million shares valued at N186.02 million across 166 deals. Zenith bank Plc also with active trades as it recorded 388 deals to trade in 21.78 million shares valued at N406.8 million.
First bank Holdings traded in 15.19 million shares at N102.8 million across 191 deals. Nigerian breweries traded in 12.05 million shares at N614.9 million across 75 deals while UBA rounded off the list with trades in 11.97 million shares at N84.15 million spread across 185 deals.
Just In: CBN debits banks another N459.7 billion for failure to meet CRR target
Sadly, this move, in addition to similar policies by the CBN, has left many banks cash-strapped and unable to pursue various profitable ventures.
The Central Bank of Nigeria (CBN) has debited twenty-six banks, including merchant banks, to the tune of N459.7 billion for failure to meet their CRR (Cash Reserve Ratio) obligations. The fresh debit, which Nairametrics reliably gathered occurred yesterday, has left many stakeholders in the banking sector very upset.
The details: Among the banks that were most affected are United Bank for Africa Plc (N82.3 billion), First Bank of Nigeria Ltd (N59.3), Zenith Bank Plc (N50 billion), First City Monument Bank (FCMB) Limited (N45 billion), and Guaranty Trust Bank Plc (N40 billion). The rest of the affected banks can be seen in the table below.
Note that the latest CRR debits are coming barely one month after a lot of banks were collectively debited to the tune of N1.4 trillion for the same reason in April. Between then and now, a lot of other minor CRR debits have occurred. Nairametrics understands that the apex bank now debits banks on a weekly basis.
Some backstory: During the CBN’s Monetary Policy Committee (MPC) meeting that was held last month, committee members voted to retain CRR rate at 27.5%. The rate was increased in January this year from 5% to its current level after the apex bank cited inflationary pressure concerns. What this means, therefore, is that Nigerian banks are required to keep 27.5% of their deposits as CRR with the Central Bank of Nigeria.
But banks are silently upset: Sadly, this move, in addition to similar policies by the CBN, has left many banks cash-strapped and unable to pursue various profitable ventures. While reacting to the latest development, a banker who refused to be identified, said:
“What we’ve seen in recent times is that the CBN just indiscriminately debits banks, usually towards the stale-end of every week. They will look at your bank account and if your liquidity is plenty, they will debit you.
“You know the central bank also does what we call retail FX intervention, that is when they sell FX to corporates. Now, because they don’t want banks coming with huge demands, what they do is that a day before the FX sales, they debit the banks so that the naira you have available is small and you cannot put them under pressure because of your FX demands. That has really been the driver.
“We understand that the central bank had set up a special CRR team that is supposed to monitor banks’ CRR once a month. But now, the team monitors banks’ CRR on a weekly basis. This is why the central bank is effectively debiting banks on a weekly basis. Some weeks ago, they debited some banks about N1.4 trillion. That was one of many. Between that time and now, there have been more debits that have happened. But the debits that are huge/significant are what is troubling the banks. There was a N300 billion that happened about two weeks ago. and then yesterday that was this N459.7 billion that was also debited.
“These are huge amounts that are leaving the banking sector. It’s a squeeze on the banks. A bank like First Bank, for instance, has about N1.4 trillion in CRR with the Central Bank. And there is Zenith Bank with equally as much as N1.5 trillion. These are monies that banks can potentially put in loans at 52% at 30%, or even put in money market instruments at maybe 10%. So, for a shareholder of these banks, this CRR debits are impairing the banks’ ability to increase their earnings because now are not able to use the funds that are legitimately theirs to create money for their shareholders. And the question is that under what framework is the Central Bank choosing to take people’s money?”
Official: Nigerian Treasury bills calendar for Q3 2020
Official: Nigerian Treasury bills calendar for June – August 2020
The Central Bank of Nigeria (CBN) Published its Treasury Bills program for June to August 2020, indicating that it plans to raise about ₦821.8 billion in cash.
Check out: CBN says commercial banks can invest in Treasury Bills for now(Opens in a new browser tab)
The Central Bank sells treasury bills on a bi-weekly basis to investors and is one of the safest investments available. Interests are paid upfront and the principal paid in full upon maturity.
Learn to invest in treasury bills here
3rd quarter of 2020
2nd quarter of 2020
1st quarter of 2020
4th quarter of 2019
List of Dividends announced so far in 2020 (June)
List of Dividends announced so far in 2020 (June)
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these announcements to know who is eligible to collect the dividend, when it will be approved and when it will be paid. Dividend payment also affects share prices.
This page will be updated from time to time.
Date Announced – The date the company announced dividends evidenced by a corporate action published on the website of the NSE.
Qualification date – Shareholders who own shares as of this date will receive dividends. If you buy shares and want to receive dividends make sure it is at least three days before this date. Shares get transferred to you on the basis of the T+3 rule (the date you bought plus 3 working days).
Payment date – This is when the dividend will be paid to you, either via post (dividend warrants) or direct credit to your bank accounts (e-dividend).
Closure of Register – Only shareholders who own shares listed in their register before this date will be paid dividends.
You can also scroll sideways to view the rest of the columns if using a mobile phone.
READ MORE: How to read stock market tables
2020 Dividends from companies quoted on the Nigerian Stock Exchange
|Company||DPS||Date Announced||Bonus||Closure of Register||AGM Date||Payment Date||Qualification date|
|Prestige Assurance Plc||Nil||4th June 2020||2 New shares for every 11 existing shares||22nd - 26th June 2020||30th June 2020||N/A||19th June 2020|
|Presco Plc||N2.00k||3rd June 2020||Nil||20th - 22nd July 2020||5th August 2020||7th August 2020||17th July 2020|
|Trans-Nationwide Express Plc||N0.03k||1st June 2020||Nil||6th - 10th July 2020||16th July 2020||20th July 2020||3rd July 2020|
|Nigeria Aviation Handling Company PLC||N0.30k||28th May 2020||Nil||1st - 3rd July 2020||16th July 2020||16th July 2020||30th June 2020|
|Skyway Aviation Handling Co. Plc||N0.16k||1st June 2020||Nil||17th - 23rd June 2020||30th June 2020||30th June 2020||16th June 2020|
|11 Plc||N8.25||28th May 2020||Nil||30th Sept - 5th Oct 2020||to be announced||to be announced||29th Sept 2020|
|Glaxo SmithKilne Consumer Nig. Plc||N0.55k||22nd May 2020||Nil||23rd June - 2nd July 2020||23rd July 2020||24th July 2020||22nd June 2020|
|Airtel Africa||0.03||13th May 2020||Nil||6th July 2020||Not applicable||24th July 2020||NA|
|Caverton Offshore Support Group Plc||N0.20k||22nd May 2020||Nil||16th June 2020||25th June 2020||25th June 2020||15th June 2020|
|Nigerian Breweries Plc (Revised)||N1.51k||20th May 2020||Nil||5th-11th March 2020||23rd June 2020||24th June 2020||4th March 2020|
|BUA Cement||N1.75k||19th May 2020||Nil||28th Sept - 2nd Oct 2020||22nd October 2020||23rd October 2020||25th September 2020|
|NASCON Allied Industries Plc||N0.40k||13th May 2020||Nil||15th - 16th July 2020||27th July 2020||29th July 2020||14th July 2020|
|Total Nigeria Plc||N6.71||13th May 2020||Nil||5th - 11th June 2020||to be announced||24hrs after meeting||4th June 2020|
|Cadbury Nigeria Plc||N0.49k||13th May 2020||Nil||25th - 29th May 2020||24th June 2020||25th June 2020||22nd May 2020|
|May and Baker Plc||N0.25k||13th May 2020||Nil||27th - 29th May 2020||4th June 2020||8th June 2020||26th May 2020|
|NPF Microfinance Bank Plc||N0.20k||11th May 2020||Nil||17th - 22nd June 2020||30th June 2020||30th June 2020||16th June 2020|
|Okomu Oil Palm Plc||N2.00||23rd April2020||Nil||19th - 22nd May 2020||28th May 2020||29th May 2020||18th May 2020|
|Lafarge Africa Plc||N1||27th April 2020||Nil||4th - 8th May 2020||3rd June 2020||3rd June 2020||30th April 2020|
|Wema Bank Plc||N0.04k||23rd April 2020||Nil||7th - 12th May 2020||18th May 2020||18th May 2020||6th May 2020|
|UAC of Nigeria Plc||N0.10k||20th April 2020||Nil||19th - 22nd May 2020||to be announced||to be announced||18th May 2020|
|Union bank of Nigeria||N0.25k||13th April 2020||Nil||27th - 30th April 2020||6th May 2020||6th May 2020||24th April 2020|
|FBN Holdings||N0.38k||6th April 2020||Nil||21st - 22nd April 2020||27th April 2020||28th April 2020||20th April 2020|
|Lafarge Africa Plc||N1.00k||6th April 2020||Nil||4th - 8th May 2020||26th May 2020||26th May 2020||30th April 2020|
|Ikeja Hotel Plc||N0.02||3rd April 2020||Nil||2nd - 8th July 2020||30th July 2020||7th August 2020||1st July 2020|
|McNichols Consolidated Plc||N0.03k||1st April 2020||Nil||2nd - 8th July 2020||30th July 2020||7th August 2020||1st July 2020|
|NEM Insurance||N0.15k||1st April 2020||Nil||4th - 8th May 2020||to be announced||to be announced||30th April 2020|
|FCMB Group Plc||N0.14k||31st March 2020||Nil||15th - 17th April 2020||28th April 2020||28th April 2020||14th April 2020|
|Beta Glass Nigeria Plc||N1.67k||30th March 2020||Nil||15th - 19th June 2020||2nd July 2020||3rd July 2020||11th June 2020|
|Capital Hotel Plc||N0.05k||26th March 2020||Nil||20th - 24th April 2020||27th May 2020||3rd June 2020||17th April 2020|
|Sterling bank Plc||N0.03k||26th March 2020||Nil||5th - 8th May 2020||20th May 2020||20th May 2020||4th May 2020|
|Boc Gases||N0.30k||26th March 2020||Nil||8th - 10th June 2020||25th June 2020||26th June 2020||5th June 2020|
|Fidelity Bank Plc||N0.20k||23rd March 2020||Nil||20th - 24th April 2020||30th April 2020||30th April 2020||17th April 2020|
|Seplat Petroleum Dev. Company Plc||0.05||23rd March 2020||Nil||13th May 2020||28th May 2020||4th June 2020||12th May 2020|
|Julius Berger Nig. Plc||N2.75k||13th March 2020||0.002||1st to 3rd June 2020||18th June 2020||19th June 2020||29th May 2020|
|Nigeria Energy Sector Fund (NESF)||N75.00||10th March 2020||Nil||20th March 2020||6th April 2020||19th March 2020|
|Access Bank Plc||N0.40k||6th March 2020||Nil||15th April 2020||30th April 2020||30th April 2020||14th April 2020|
|Nestle Nig Plc||N45.00k||28th February 2020||Nil||18th - 22nd May 2020||2nd June 2020||2nd July 2020||15th May 2020|
|Stanbic IBTC Holdings Plc||N2.00||5th March 2020||Nil||19th - 26th March 2020||30th June 2020||18th June 2020||18th March 2020|
|Guaranty Trust Bank Plc||N2.50k||2nd March 2020||Nil||19th March 2020||30th March 2020||30th March 2020||18th March 2020|
|United Bank of Africa||N0.80k||2nd March 2020||Nil||16th - 20th March 2020||27th March 2020||27th March 2020||13th March 2020|
|Transcorp Plc||N0.01k||28th February 2020||Nil||18th - 23rd March 2020||25th March 2020||27th March 2020||17th March 2020|
|MTN Nigeria Plc||N4.97k||28th February 2020||Nil||February 17, 1900||8th May 2020||19th May 2020||17th april 2020|
|Transcorp Hotels Plc||N0.07k||28th February 2020||Nil||13th-17th March 2020||24th March 2020||26th March 2020||12th March 2020|
|United Capital PLC||N0.50k||18th February 2020||Nil||9th-13th March 2020||24th March 2020||26th March 2020||6th March 2020|
|Infinity Trust Mortgage Bank PLC||N0.035K||30th January 2020||Nil||9th-13th March 2020||7th May 2020||14th May 2020||6th March 2020|
|Zenith bank Plc||N2.50k||21st February 2020||Nil||10th March 2020||16th March 2020||16th March 2020||9th March 2020|
|Africa Prudential Plc||N0.70k||25th february 2020||Nil||9th-13th March 2020||23rd March 2020||23rd March 2020||6th March 2020|
|Dangote Cement Plc||N16.00||25th february 2020||Nil||26th May 2020||15th June 2020||16th June 2020||25th May 2020|
|Tripple Gee & Company Plc||N0.05k||8th July 2019||Nil||2nd-6th September 2019||16th September 2019||28th September 2019||30th August 2019|
|Presco Plc||N2.00||6th June 2019||Nil||8th-10th July 2019||24th July 2019||29th July 2019||5th July 2019|
|C & I Leasing Plc||N0.075||25th June 2019||Nil||15th-19th July 2019||30th July 2019||31st July 2019||12th July 2019|
|NPF Microfinance Bank Plc||N0.05||25th June 2019||Nil||8th-12th July 2019||25th July 2019||25th July 2019||5th July 2019|
|Learn Africa Plc||N0.15k||2nd July 2019||Nil||23rd-27th September 2019||17th October 2019||18th October 2019||20th September 2019|
|Academy Press Plc||N0.05k||1st Juky 2019||Nil||5th-9th August 2019||19th September 2019||26th September 2019||2nd August 2019|
|University Press Plc||N0.15k||1st July 2019||Nil||2nd-6th September 2019||26th September 2019||26th September 2019||30th August 2019|
|Redstar Express Plc||N0.43k||2nd July 2019||Nil||17th-19th July 2019||8th August 2019||16th July 2019|
|Veitva Griffin 30 Plc||N0.27||Nil||N/A||N/A||31st May 2019|
|Vetiva S&P Nig. Sovereign Bond ETF||N13.00||Nil||31st May 2019||N/A||7th June 2019|
|Law Union & Rock Insurance Plc||N0.02||9th May 2019||Nil||3rd - 7th June 2019||25th June 2019||26th June 2019||31st May 2019|
|NEM Insurance||N0.13||30th April 2019||Nil||3rd - 7th June 2019||25th June 2019||25th June 2019||31st May 2019|
|Forte Oil||N1.15||3rd June 2019||Nil||4th - 7th June 2019||N/A||10th june 2019||3rd June 2019|
|Smart Products||N0.15||30th April 2019||Nil||1st - 5th July 2019||29th August 2019||5th Septemner 2019||28th June 2019|
|AIICO Insurance Plc||N0.06||16th April 2019||Nil||10th - 17th May 2019||20th May 2019||20th May 2019||May 9 2019|
|Consolidated Hallmark Insurance Plc||N0.02||23rd April 2019||Nil||7th - 13th March 2019||to be announced||to be announced||6th May 2019|
|FBN Holdings||N0.26||12th April 2019||Nil||24th - 29th April 2019||3rd May 2019||6th May 2019||22nd|
|Lotus Halal Fixed Income Fund||N28.00||Nil||N/A||N/A||12th April 2019|
|Nigerian Aviation Handling Coy Plc||N0.25||17th April 2019||Nil||9th - 11th July 2019||26th July 2019||26th July 2019||8th July 2019|
|Prestige Assurance Plc||N0.03||17th April 2019||Nil||6th - 10th May 2019||to be announced||to be announced||3rd May 2019|
|Regency Alliance Insurance Plc||N0.03||15th April 2019||Nil||13th - 17th May 2019||18th June 2019||19th June 2019||10th May 2019|
|Cement Coy. Of Northern Nig. Plc||N0.40||29th March 2019||Nil||2nd - 8th July 2019||25th July 2019||26th July 2019||1st July 2019|
|Dangote Sugar Refinery Plc||N1.10||4th April 2019||Nil||3rd - 5th June 2019||18th June 2019||19th June 2019||31st May 2019|
|The Initiates Plc||N0.05||2nd April 2019||Nil||3rd - 7th June 2019||to be announced||to be announced||31st May 2019|
|Aluminium Extrusion Ind. Plc||N0.085||26th March 2019||Nil||17th - 21st June 2019||to be announced||to be announced||14th June 2019|
|Beta Glass Nigeria Plc||N1.30||29th March 2019||Nil||17th - 21st June 2019||4th July 2019||5th July 2019||14th June 2019|
|UAC of Nigeria Plc||N0.64||29th March 2019||Nil||21st - 24th May 2019||26th June 2019||27th June 2019||20th May 2019|
|Okomu Oil Palm Plc||N3.00||27th March 2019||Nil||14th - 17th May 2019||13th June 2019||20th June 2019||13th May 2019|
|Wema Bank Plc||N0.03||29th March 2019||Nil||29th April - 6th May 2019||8th May 2019||13th May 2019||26th April 2019|
|Berger Paints Plc||N0.65||19th March 2019||Nil||29th April - 3rd May 2019||23rd May 2019||24th May 2019||26th April 2019|
|Caverton Offshore Support Group Plc||N0.25||29th March 2019||Nil||8th May 2019||21st May 2019||24th May 2019||7th May 2019|
|Eterna Plc||N0.25||29th March 2019||Nil||14th - 17th May 2019||13th June 2019||14th June 2019||13th May 2019|
|Infinity Trust Mortgage Bank Plc||N0.03||29th March 2019||Nil||25th April - 9th May 2019||16th May 2019||23rd May 2019||24th April 2019|
|CAP Plc||N2.50||29th March 2019||Nil||27th - 31st May 2019||20th June 2019||21st June 2019||24th May 2019|
|Portland Paints and Products Nig. Plc||N0.05||28th March 2019||Nil||6th - 10th May 2019||30th May 2019||31st May 2019||3rd May 2019|
|Glaxo SmithKilne Consumer Nig. Plc||N0.05||8th March 2019||Nil||24th April - 6th May 2019||23rd May 2019||24th May 2019||22nd April 2019|
|Chams Plc||N0.03||4th April 2019||Nil||18th - 24th April 2019||to be announced||to be announced||17th April 2019|
|Fidson Healthcare Plc||N0.15||3rd April 2019||Nil||18th - 24th April 2019||to be announced||to be announced||17th April 2019|
|Capital Hotel Plc||N0.05||2nd April 2019||Nil||24th - 29th April 2019||April 22, 2000||9th May 2019||23rd April 2019|
|May and Baker Plc||N0.20||29th March 2019||Nil||23rd - 26th April 2019||30th May 2019||3rd June 2019||18th April 2019|
|Unilever of Nigeria Plc||N1.50||29th March 2019||Nil||15th - 23rd April 2019||9th May 2019||10th May 2019||12th April 2019|
|Total Nigeria Plc||N14.00||28th March 2019||Nil||23rd - 29th April 2019||27th June 2019||28th June 2019||18th April 2019|
|FCMB Group Plc||N0.14||29th March 2019||Nil||12th - 18th April 2019||26th April 2019||29th April 2019||11th April 2019|
|Fidelity Bank Plc||N0.11||29th March 2019||Nil||15th - 19th April 2019||26th April 2019||26th April 2019||12th April 2019|
|Custodian Investment Plc||N0.35||21st March 2019||Nil||12th - 17th April 2019||24th April 2019||24th April 2019||11th April 2019|
|11 Plc||N8.25||22nd March||Nil||3rd - 10th May 2019||16th May 2019||17th May 2019||2nd May 2019|
|NASCON Allied Industries Plc||N1.00||22nd March 2019||Nil||31st May - 3rd June 2019||13th June 2019||17th June 2019||30th May 2019|
|Cadbury Nig. Plc||N0.25||21st March 2019||Nil||20th - 24th May 2019||18th June 2019||19th June 2019||17th May 2019|
|Julius Berger Nig. Plc||N2.00||21st March 2019||Nil||3rd - 7th June 2019||20th June 2019||21st June 2019||31st May 2019|
|UBA Plc||N0.65||15th March 2019||Nil||3rd - 9th April 2019||23rd April 2019||23rd April 2019||2nd April 2019|
|Access Bank Plc||N0.25k||14th March 2019||Nil||12th April 2019||25th April 2019||25th April 2019||11th April 2019|
|Stanbic IBTC Holdings Plc||N1.50k||7th March 2019||Nil||21st March 2019||19th June 2019||20th June 2019||20th March 2019|
|Guaranty Trust Bank Plc||N2.45||6th March 2019||Nil||9th April 2019||18th April 2019||18th April 2019||8th April 2019|
|Seplat Petroleum Dev. Company Plc||US$0.05||6th March 2019||Nil||21st March 2019||16th May 2019||23rd May 2019||20th March 2019|
|Nestle Nig Plc||N38.50k||4th March 2019||Nil||13th - 17th May 2019||28th May 2019||29th May 2019||10th May 2019|
|McNichols Consolidated Plc||N0.05k||1st March 2019||Nil||9th - 15th April 2019||16th April 2019||26th April 2019||8th April 2019|
|Dangote Cement||N16.00||28th February 2019||Nil||4th - 10th June 2019||17th June 2019||18th June 2019||3rd June 2019|
|Africa Prudential Plc||N0.50k||26th February 2019||Nil||14th - 20th March 2019||26th March 2019||26th March 2019||13th March 2019|
|United Capital Plc||30kobo||21st February 2019||Nil||14th - 20th March 2019||28th March 2019||2nd April 2019||13th March 2019|
|Zenith Bank Plc||N2.50||19th February 2019||Nil||11th - 15th March 2019||18th March 2019||18th March 2019||8th March 2019|
|Transnational Corp. of Nig. Plc||3k||18th February 2019||Nil||1st - 5th March 2019||15th March 2019||19th March 2019||28th February 2019|
|Nigerian Breweries Plc||N1.83K||18th February 2019||Nil||7th - 13th March 2019||17th May 2019||20th May 2019||6th March 2019|
|Transcorp Hotel||15k||15th February 2019||Nil||28th February - 1 March 2019||15th March 2019||19th March 2019||27th February 2019|
|Newrest ASL NIG Plc||20k||Nil||29th April - 3rd May 2019||15th May 2019||16th May 2019|
|SIAML Pension ETF 40||N1.17||Nil||25th January 2019||N/A||28TH January 2019|