Airtel Africa Plc posted a 4.76% gain, representing a N376 billion equity gain to boost the NGX to a 0.47% gain today.
The Nigerian Exchange (NGX) on July 4 recorded a slight decline, as the All-Share Index closed at 100,063.32 points, from the opening 100,299.48 points.
About 58 companies on the NGX have either distributed or plan to distribute dividends based on their 2023 returns.
In 2023, Nigeria's manufacturing sector, which contributes approximately 8% to the nation’s GDP, saw significant financial movements despite facing several economic challenges.
Nigerian banks recorded an impressive performance in 2023, driven by policy shifts including increased interest rates to combat inflation and Naira devaluation, which led to foreign exchange gains and substantial growth in interest income.
Companies listed on the Nigerian Exchange (NGX) have declared total dividend payouts exceeding N1.5 trillion for the fiscal year 2023.
The Central Bank of Nigeria (CBN) granted approval for this appointment on May 13, 2024.
FBN Holding Plc has said that it plans to publish both its full-year 2023 annual financial statement and first quarter 2024 unaudited financial statement on or before May 30, 2024.
United Bank for Africa (UBA) Plc says that it intends to achieve a 20% growth in deposits for the entire year of 2024.
UBA Plc has reaffirmed its unwavering commitment to spearhead economic growth across the continent through targeted policies.
UBA Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024).
After an initial bullish run in the NGX this year, which saw the introduction of six new stocks into the category of stocks worth over N1 trillion (SWOOTs) namely United Bank for Africa, Access Holdings, Transcorp Hotels, FBN Holdings, Geregu Power, and Dangote Sugar Refinery the number of stocks in the SWOOTs category increased to fourteen.
