Featured Finance

Sterling Bank: Akanji, Emefienim disengage

Sterling Bank Plc at the weekend notified the Exchange and the investing public of the retirement of Dr. (Mrs.) Omolara Akanji and the resignation of Mr. Emmanuel Emefienim from the board of Sterling Bank plc.

According to the notice signed by the company secretary/Chief legal counsel, Temitayo Adegoke , Dr. Omolara Akanji retired as an independent non-executive director after eight years of meritorious service to the bank while Mr. Emefienim had served on the board as executive director, institutional banking directorate.

The board and management of bank thanked both Dr. Akanji and Mr. Emefienim for their meritorious service and wish them continued success in their future endeavors.

Meanwhile, a total turnover of 1.374 billion shares worth N23.786 billion in 28,809 deals was traded in the just concluded week by investors on the floor of the Exchange, in contrast to a total of 1.668 billion shares valued at N19.481 billion that exchanged hands in the previous week in 25,979 deals.

The Financial Services Industry (measured by volume) led the activity chart with 889.542 million shares valued at N8.036 billion traded in 14,034 deals; thus contributing 64.74 per cent and 33.78 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 131.154 million shares worth N199.272 million in 1,259 deals. The third place was The ICT Industry, with a turnover of 89.777 million shares worth N10.593 billion in 2,119 deals.

Trading in the top three equities namely FCMB Group Plc, Transnational Corporation of Nigeria Plc and Zenith Bank Plc (measured by volume) accounted for 416.676 million shares worth N2,989 billion in 3,321 deals, contributing 30.32 per cent and 12.57 per cent to the total equity turnover volume and value respectively. A total of 1.586 million units valued at N24.867 million were traded this week in 22 deals compared with a total of 1,622 units valued at N775,980.88 transacted last week in 27 deals The NGX All-Share Index and Market Capitalization depreciated by 0.13 per cent to close the week at 47,268.61 and N25,475 trillion respectively.

Similarly, all other indices finished lower with the exception of NGX Premium, NGX AseM, NGX Meri Growth, NGX Oil/Gas and NGX Sovereign bond indices. Twenty-two (22) equities appreciated in price during the week, lower than Forty-four (44) equities

in the previous week. Forty-nine (49) equities depreciated in price, higher than Twenty-two (22) equities in the previous week, while Eighty-five (85) equities remained unchanged lower than Ninety (90) equities recorded in the previous week.

New listing

Ardova Plc – Listing of N11,444,000,000 7 years 13.3 per cent series 1 tranches A fixed rate senior unsecured bonds due 2028 and N13,856,000,000 10 Years 13.65 per cent series 1 Tranches B fixed rate senior unsecured bonds due 2031 under the N60,000,000,000 bond issuance programme

The market and investing public are hereby notified that Ardova Plc’s N11,444,000,000 7 years 13.3 per cent. series 1 tranches A fixed rate senior unsecured bonds due 2028 and N13,856,000,000 10 years 13.65 per cent series 1 Tranches B fixed rate senior unsecured bonds due 2031 under the N60,000,000,000 bond issuance programme were listed on Thursday, 3 March 2022 on the Nigerian Exchange Limited (NGX).

Supplementary listing

Federal Government of Nigeria: Supplementary Listing of FGN Bonds Issued in February 2022 Trading Licence Holders are hereby notified that the February 2022 Issue of the Federal Government of Nigeria (FGN) Bonds were listed on the Nigerian Exchange Limited today, 4 March 2022.

Closure of register date: 4/4/2022

  • NASCON Allied Industries

Proposed Dividend: ₦0.40

Qualification Date: 5/5/2022

AGM Date: 6/3/2022

Payment Date: 6/6/2022

Closure of Register Date: 5/6/2022

Dangote Cement Plc

Proposed Dividend: ₦20.00

Qualification Date: 5/30/2022

AGM Date: 6/14/2022

Payment Date: 6/15/2022

Closure of Register Date: 5/31/2022

Transcorp Hotels Plc

Proposed Dividend: ₦0.07

Qualification Date: 3/23/2022

AGM Date: 4/4/2022

Payment Date: 4/5/2022

Closure of Register Date: 3/24/2022

Lafarge Africa Plc:

Proposed Dividend: ₦1.00

Qualification Date: 4/1/2022

AGM Date: 4/21/2022

Payment Date: 4/21/2022

Dangote Sugar Refinery Plc

Proposed Dividend: ₦1.00

Qualification Date: 6/1/2022

AGM Date: 6/15/2022

Payment Date: 6/15/2022

Closure of Register Date: 6/2/2022

Nestle Nigeria Plc.

Proposed Dividend: ₦25.50

Qualification Date: 5/27/2022

AGM Date: 6/29/2022

Payment Date: 6/30/2022

Closure of Register Date: 5/30/2022

Guaranty Trust Holding Company Plc

Proposed Dividend: ₦2.70

Qualification Date: 3/23/2022

AGM Date: 4/8/2022

Payment Date: 4/8/2022

Closure of Register Date: 3/24/2022

Related posts

Human rights community will miss Yinka Odumakin — Activist

Our Reporter

NNPC Gives Conditions For Relocation Of Tank Farms, Petroleum Products Depots

Abisola  THOMPSON 

Average price for 5kg cooking gas increases to N3,800.47- NBS

Our Reporter

Lagos reverses land use charge to pre-2018 level

Our Reporter

Transcorp Hotels to Reduce Workforce as it Records Losses over COVID-19

Our Reporter

FMDQ admits NECIT N20bn commercial paper

Shile GIWA