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NSE, Stakeholders to Hold Webinar on Financial Services Sector

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NSE to Organise Webinar on Financial Services Sector

The Nigerian Stock Exchange has announced that it will host a financial services Webinar on Thursday, 8 October 2020 to discuss how to move the industry forward post COVID-19.

In a statement released on Friday, the Exchange said the webinar will bring together market stakeholders to share valuable experiences on how to better manage the impact of COVID-19 as well as discuss the future of the nation’s financial market to chart a new route to a sustainable future.

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, CON, and the Director-General of the Securities and Exchange Commission, Mr. Lamido Yuguda are some of the experts expected to grace the event.

Speaking about the webinar, the Chief Executive Officer, NSE, Mr. Oscar N. Onyema, OON, noted that, “The world is facing unprecedented challenges occasioned by the COVID-19 pandemic. Considering this, the global financial system remains an area of potential risk, with record levels of market volatility and growing concern around credit losses and its attendant impact on overall asset quality, capital, and liquidity. Governments, regulators, and international organizations have moved rapidly to address the economic collapse and financial fallout, but questions remain around how policy should continue to evolve to preserve financial stability. With this webinar, we envision that the insights gathered will lead to actionable solutions, policies, and measures that can mitigate current and emerging financial stability risks.”

Some of the other confirmed speakers for the event include Ms. Aishah Ahmad, Deputy Governor, CBN; Mr. Mitchell Elegbe, MD/CEO, Interswitch; Mr. Bolaji Balogun, CEO, Chapel Hill Denham; Mr. Kunle Elebute, Managing Partner, KPMG Nigeria; Prof. Yinka David- West, Academic Director, Information Systems & Digital Transformation, Lagos Business School; Mr. Chinua Azubike, MD/CEO, InfraCredit; and Mr. Eric Idaihi, Partner/Co-Founder, Verod Capital. ​​​

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CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Dividends

Seplat Declares US$2.5 cents Interim Dividend in Q3 2021

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Seplat Energy Plc - Investors King

Seplat Energy Plc on Thursday announced an interim dividend of US2.5 cents (United States Two and Half Cents) per ordinary share of N0.50k each for the quarter ended September 30, 2021 after reporting a healthy financial statement.

The dividend, subject to appropriate withholding tax, will be paid to shareholders whose names appear in the Register of Members as at the close of business on 15th November 2021.

To allow the company’s Registrar, Datamax Registrars Limited, prepare for the payment of the interim dividend, the Register of Shareholders will be closed on 16th November 2021.

Please note that on the London Stock Exchange: The Associated Record Date will be 15th November 2021 and the Ex-Dividend date will be 12th November 2021.

On currency options, shareholders holding their shares on the Nigerian Stock Exchange without a valid Nigerian Certificate for Capital Importation (“CCI”) will be paid their dividend in Naira as the default currency, while shareholders holding their shares on the Nigerian Stock Exchange with a valid CCI will be paid their dividend in US dollars as the default currency.

However, those shareholders may instead elect to receive their entire dividend payment in Naira (partial elections are not permissible). Evidence of the CCI must be provided to Datamax Registrars Limited. And shareholders holding their shares through depository interests on the London Stock Exchange will be paid their dividend in US dollars as the default currency. However, those shareholders may instead elect to receive their entire dividend payment in pounds sterling. Partial elections are not permissible.

Shareholders who have a dividend currency option, must make the election to the Company’s Registrars by 30th November 2021, otherwise the dividend will be paid in the default currency. The election form will be sent out to the relevant shareholders and can also be found on the Company website at Seplat Dividend information.

Those shareholders holding their shares on the Nigerian Exchange Limited who hold a valid CCI should notify SEPLAT’s Nigerian Registrars, DataMax Registrars Limited (“DataMax”), of that fact.

The exchange rate for the Naira or Pounds Sterling amounts payable will be determined by reference to the relevant exchange rates applicable to the US dollar on 12th November 2021 and will be communicated by the Company on 15
th November 2021.

On or around 9th December 2021, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 15th November 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their interim dividend directly into their Bank accounts.

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Nigerian Stock Exchange

Nigerian Stock Market Sheds N12 Billion Amid Profit Taking

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Broad-based profit-taking dragged on the Nigerian Exchange Limited (NGX) on Wednesday even though businesses have started releasing their third-quarter earnings reports.

Trading activities dropped during the trading hours of Wednesday as investors transacted 284,601,047 shares worth N3.203 billion in 5,036 deals, against 353,233,206 shares estimated at N5.569 billion traded in 5,322 transactions on Tuesday.

NGX All-Share Index contracted by 0.06 percent to 41,789.59 index points, down from 41,814.94 index points it closed on Tuesday. Market value of listed equities dipped by N12 billion from N21.821 trillion on Tuesday to N21.809 trillion on Wednesday.

Living Trust led gainers with N0.07 or 9.59 percent to settle at N0.80 a share. Followed by the N0.09 or 9.57 percent increase recorded by AIICO after publishing its third-quarter report on Wednesday. University Press remained among top five gainers for the second consecutive week, posting N0.15 or 0.09 percent gain on Wednesday.

The battle for the control of FBN Holdings continues as it led the most trade equities again with a total traded shares of 75,458,656 shares valued at N898,012,945.70. See other details below.

Top Five Gainers

Symbols Last Close Current Change %Change
LIVINGTRUST N 0.73 N 0.80 0.07 9.59 %
AIICO N 0.94 N 1.03 0.09 9.57 %
UPL N 1.65 N 1.80 0.15 9.09 %
REDSTAREX N 3.20 N 3.40 0.20 6.25 %
TOTAL N 207.60 N 220.00 12.40 5.97 %

Top Five Losers

Symbols Last Close Current Change %Change
GLAXOSMITH N 7.00 N 6.30 -0.70 -10.00 %
TRANSCOHOT N 5.97 N 5.38 -0.59 -9.88 %
FBNH N 12.40 N 11.65 -0.75 -6.05 %
VERITASKAP N 0.23 N 0.22 -0.01 -4.35 %
AFRIPRUD N 6.35 N 6.10 -0.25 -3.94 %

Top Fiver Trades

Symbols Volume Value
FBNH 75458656.00 898012945.70
AIICO 18418170.00 17809728.91
ETI 17320235.00 137321766.75
TRANSCORP 15207489.00 15492407.42
FIDELITYBK 14029439.00 38524667.95

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Nigerian Stock Exchange

Stock Market Closes Flat on Tuesday as Activities Drop

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) closed flat on Tuesday after posting a N27 billion gain on Monday.

Investors exchanged 353,233,206 shares estimated at N5.569 billion in 5,322 transactions during the trading hours of Tuesday, against 674,498,620 shares worth N7.591 billion that were traded in 5,432 deals on Monday.

The NGX All-Share Index closed flat at 41,814.94 index points on Tuesday. Similarly, the market value of all listed equities remained unchanged at N21.821 trillion.

FBN Holdings continue to lead the most traded stocks with 73062391 shares worth N906,754,975.05 on Tuesday. This was followed by GTCO Plc’s 25039191 shares valued at N715,262,785.80 following a healthy financial statement released for the third quarter ended September 30, 2021, on Tuesday. GTCO’s profit after tax rose by 4.11 percent to N49.986 billion.

Universal Insurance led gainers with N0.02 or 10 percent gain to close at N0.22 a share. University Plc emerged second with N0.15 or 10 percent increase to settle at N1.65 a unit. See other details below.

Top Five Trades

Symbols Last Close Current Change %Change
UNIVINSURE N 0.20 N 0.22 0.02 10.00 %
UPL N 1.50 N 1.65 0.15 10.00 %
COURTVILLE N 0.41 N 0.45 0.04 9.76 %
ABBEYBDS N 0.86 N 0.94 0.08 9.30 %
INTBREW N 4.85 N 5.30 0.45 9.28 %

Top Fiver Losers

Symbols Last Close Current Change %Change
ABCTRANS N 0.34 N 0.31 -0.03 -8.82 %
FTNCOCOA N 0.48 N 0.45 -0.03 -6.25 %
CUTIX N 6.40 N 6.05 -0.35 -5.47 %
NGXGROUP N 20.60 N 19.65 -0.95 -4.61 %
SOVRENINS N 0.24 N 0.23 -0.01 -4.17 %

Top Five Trades

Symbols Volume Value
FBNH 73062391.00 906754975.05
GTCO 25039191.00 715262785.80
UNIVINSURE 22770945.00 4919056.91
UBA 20331377.00 171208252.90
TRANSCORP 18437370.00 18864207.86

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