Kayode Tokede

6 days ago | thisdaylive.com | Kayode Tokede

Kayode TokedeA total of 10 stockbroking firms traded N2.14 trillion worth of stocks between January and May of  2025 as the domestic stock market closed positive in  the  period  under  review. The market capitalisation of Nigerian Exchange Limited (NGX) in the first five months of 2025 has appreciated by N7.7 trillion as average investors return rose by 8.56 per cent or 8,815.61 basis points to 111,742.01 basis points from 102,926.40 basis points it opened for trading this year.

1 week ago | thisdaylive.com | Kayode Tokede

Kayode Tokede Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, yesterday held its 37th Annual General Meeting (AGM) in Lomé, Togo, which was followed by an Extraordinary General Meeting (EGM). The shareholders at the meeting authorised the board of directors to raise $250million additional Tier-1 capital (AT1) as the Pan-African financial institution undergoing major transformation.

2 weeks ago | thisdaylive.com | Nume Ekeghe |Ima Ekanem |Kayode Tokede

Kayode Tokede Fidelity Bank Plc yesterday clarified the recent purchase of an additional 18,000,000 units of its shares at N20.35 each by its Managing Director/Chief Executive Officer, Mrs. Nneka Onyeali-Ikpe. The shares were purchased in a transaction on May 19, on the Nigerian Exchange Limited (NGX). In November 2024, Onyeali-Ikpe, had increased her stake in the bank by acquiring an additional 10 million shares, valued at N157.9 million.

2 weeks ago | thisdaylive.com | Kayode Tokede

Kayode TokedeDespite the tough operating emvironment in Nigeria, Seplat Energy Plc MTN Nigeria Communications Plc and 19 other companies listed on the Nigerian Exchange Limited (NGX) recorded combined revenue of N6.4 trillion in the first quarter ended March 2025.  The firms’ combined revenue is 63.7 per cent more than the N3.92 trillion recorded in the same period in the first quarter of 2024.

2 weeks ago | thisdaylive.com | Kayode Tokede

Kayode TokedeNeimeth International Pharmaceuticals Plc has said that it recorded strong growth in sales and profitability in the first quarter, raising optimism that the company would achieve impressive performance in the 2025 business year. Interim report and accounts of Neimeth for the three-month period ended March 31, 2025 released at the Nigerian Exchange (NGX) showed that turnover rose by 86 per cent from N648.26 million in first quarter 2024 to N1.21 billion in first quarter 2025.